Coronavirus Delivers Record Blow To US Retail Sales In March
U.S. retail sales for the month of March were expected to sink by 8.0%, after slipping 0.5% a month earlier. Read more
60% Of Employers Have Reduced Hiring In The Last Month Due To Coronavirus, According To New Data
Since early March, roughly 60% of employers have decreased job openings due to the coronavirus, with almost 25% of emplo... Read more
Restaurants Have Laid Off Thousands In Wake Of Coronavirus—but Ghost Kitchens Are Hiring
C3 is leasing shuttered restaurants and hiring 1,000 employees for its ghost kitchens in an effort to meet consumer dema... Read more
US Import Prices Post Largest Drop In Over Five Years
U.S. import prices dropped by the most in more than five years in March amid declines in the costs of petroleum products... Read more
Borrower Requests For Government's Coronavirus Mortgage Bailout Jump 78% In One Week
As unemployment surges and more Americans struggle to make ends meet, more homeowners are applying for the government's ... Read more
New York, New Jersey And Other Northeastern States Form Coronavirus Working Group To Decide When To Ease Restrictions
The governors, led by Andrew Cuomo, announced the coronavirus group hours after President Donald Trump claimed in a twee... Read more
Here Is Everything The Fed Has Done To Save The Economy
The Fed has acted while Congress has continued to squabble. Read more
'We're Not Governments' — Cramer Says Small Business Owners Can't Front Their Employees Forever
CNBC's Jim Cramer said Monday the slow rollout of promised small business loans is unfairly putting more burden on small... Read more
Small Businesses Start To Get Rescue Funds, But Payouts Overall Are Lagging
"We have mostly undisbursed loans at this time" said Tony Wilkinson, president of the National Association of Guaranteed... Read more
JPMorgan Chase To Raise Mortgage Borrowing Standards As Economic Outlook Darkens
JPMorgan Chase, the country's largest lender by assets, is raising borrowing standards this week for most new home loans... Read more
Trump's Tariffs On China Could Cost The US In Its Fight Against The Coronavirus
The Trump administration's tariffs on imported medical equipment, particularly from China, have added to the struggle in... Read more
Fed's Neel Kashkari Says Coronavirus Economic Recovery 'could Be A Long, Hard Road'
Kashkari's comments came days after the Labor Department reported that another 6.6 million Americans filed first-time un... Read more
Fauci Expresses 'cautious Optimism' Coronavirus Outbreak Is Slowing, US Could Start Reopening In May
Fauci's hopeful remarks came less than a day after the U.S. counted more than 20,000 deaths from the disease, surpassing... Read more
The Fed Is On 'wartime' Footing And Still May Be Asked To Do More
The moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed. Read more
Bill Gates: Schools Will Reopen In The Fall, But Economy Won't Magically Return To The Way It Was
The Microsoft co-founder sees poor students getting hit the hardest as schools close down across the U.S. Read more