Presumptive Democratic nominee Joe Biden touted a false statistic Thursday about the economy's contraction in the last quarter, using the inflated annualized figure instead of the actual quarterly one. 
Global pandemics typically aren't good for national economies. On the contrary, they are usually bad. The U.S. economy, for example, contracted 9.5 percent in the second quarter of 2020—the largest quarterly decline in recorded history. The German economy, meanwhile, declined by 10.1 percent.
WASHINGTON (Reuters) - The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery. WASHINGTON (Reuters) - The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long. 
Top Democrats are starting to get concerned. Their hysterical assertions that Republican governors who gradually reopened their economies would have "blood on their hands" proved to be hysterical assertions. And now Democrats worry about the prospect of a strong economic recovery.
(Reuters) - Carmaker Ford Motor Co (F.N) on Tuesday jumped into the emergency push by major U.S. manufacturers to produce thousands of ventilators and respirators needed for critically ill coronavirus patients. 
(Reuters) - Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week. 
DUBAI/MOSCOW (Reuters) - Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks. 
WASHINGTON (Reuters) - The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus. The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week’s steep sell-off sparked by fears about the coronavirus. 