New York Taps McKinsey To Develop A 'Trump-proof' Economic Reopening Plan
New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic ... Read more
Weekly Jobless Claims Hit 5.245 Million, Raising Monthly Loss To 22 Million Due To Coronavirus
The most recent count represented a drop from the previous two weeks but still showed that the damage to the U.S. labor ... Read more
The US Economy Has Erased Nearly All The Job Gains Since The Great Recession
The jobless claims report showed that it took only four weeks for the U.S. economy to erase all the job gains in the las... Read more
Billionaire Barry Diller Says Bail Out Everyone And 'worry About Paying The Bills Later'
"The damage that is being done every day is enormous," Expedia and IAC Chairman Barry Diller told CNBC on Thursday. Read more
US Home Construction Collapsed 22.3% In March
U.S. homebuilding fell more than expected in March as the Covid-19 outbreak slammed the housing industry, despite lower ... Read more
The Fed's Main Street Problem: Worries Rise That Money Won't Go Where It's Most Needed
It wasn't supposed to work like this: The Federal Reserve was not going to have to come back and rescue the economy the ... Read more
Small Business Loans Top $296 Billion And Could Reach The Program's Limit By The End Of Wednesday
"It's a tremendous program to keep our business afloat," said one small business owner. Read more
The Economic Data Is Even Worse Than Wall Street Feared: 'The Economy Is Clearly In Ruins Here'
Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the ea... Read more
Weekly Mortgage Applications Rise As Rates Drop To 30-year Low, But It's All Refinances
Mortgage rates dropped to the lowest level in the Mortgage Bankers Association's survey, causing yet another rush to ref... Read more
Fed Beige Book Says Economy Contracted 'sharply And Abruptly' Due To Coronavirus
Economic activity has fallen sharply due to measures taken during the coronavirus scare, with leisure and hospitality as... Read more
World Bank President Warns The Global Coronavirus Recession Will Hurt Poorer Countries The Most
"Many of the very populous countries need extra support right now," World Bank President David Malpass told CNBC on Wedn... Read more
America's 'clean Energy' Workforce Projected To Fall By 15% In Months Ahead
Last month saw over 106,000 people working in clean energy roles lose their jobs. Read more
Homebuilder Confidence Index Takes Biggest Monthly Dive Ever As Coronavirus Slams Economy
This month's HMI survey was conducted from April 1 to April 13, after millions of Americans had been issued orders to st... Read more
New York Manufacturing Hits Record Low Reading Of -78.2 Amid Coronavirus Collapse
The Empire State Manufacturing Index for April plunged to -78.2, more than twice as bad as expected and more than double... Read more
Americans Are Spending Their Coronavirus Stimulus Checks On Food, Gas And Paying Back Friends
New data shows the government's stimulus checks are providing much-needed relief to Americans struggling with day-to-day... Read more