WHO Officials Warn Of 'vicious Cycle' Of Economic And Health Disasters If Coronavirus Restrictions Are Lifted Too Quickly
"The worst thing that could happen," economically, is that a country reopens and then has to shut down again to respond ... Read more
New York Has Paid $7.4 Billion In Unemployment Claims To Roughly 1.7 Million Residents, Officials Say
Roughly 1.8 million residents struggling with unemployment due to the coronavirus pandemic have filed claims, roughly si... Read more
Powell Says More Policy Help May Be Needed To Pull The US Out Of Economic Downturn
Powell noted the unprecedented strength of fiscal and monetary measures already taken but stressed the need to make sure... Read more
Powell Says The Federal Reserve Is Not Considering Negative Interest Rates
"I know there are fans of the policy, but for now it's not something that we're considering," the central bank chief sai... Read more
Watch Fed Chairman Jerome Powell Speak Live On The Economy
The focus of the speech is on the economy and the damage done during the coronavirus crisis. Read more
US Producer Prices Tumble In April
U.S. producer prices fell more than expected in April, leading to the largest annual decline since 2015. Read more
After Trying For A Decade, Central Banks Might Succeed At Generating Inflation
"The forces that will bring about inflation are aligning," Chetan Ahya, chief Asia economist at Morgan Stanley, said in ... Read more
Tudor Jones Says This Will Be The 'Second Depression' If We Remain In Lockdown In A Year
Hedge fund investor Paul Tudor Jones said the country may have trouble following contact tracing and other methods used ... Read more
US Risking A Second Wave And A Depression, Mark Zandi Warns
Mark Zandi of Moody's Analytics' worries businesses may reopen too soon and create another spike in coronavirus cases. Read more
Fear And Desperation On Main Street As Small Businesses Struggle To Survive Despite PPP And Other Federal Loan Programs
Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdf... Read more
Mnuchin Says Jobless Numbers Will 'get Worse Before They Get Better' — Unemployment May Have Hit 25%
"The reported numbers are probably going to get worse before they get better," Mnuchin said. Read more
Trump Says US Will Start Buying Dairy, Meat And Produce From Farmers Amid Supply Chain Disruptions
As the coronavirus pandemic disrupts supply chains across the country, farmers have been forced to destroy their crops, ... Read more
A Record 20.5 Million Jobs Were Lost In April As Unemployment Rate Jumps To 14.7%
Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used... Read more
Most 2020 Swing State Voters Want More Direct Payments During Coronavirus, CNBC/Change Research Poll Finds
Democrats are pushing for at least one more round of direct payments during the coronavirus crisis after many voters got... Read more
Small Business Loans Are Not Going Proportionately To The Hardest-hit Areas, Fed Study Shows
States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a... Read more