Breaking News: Business


Nearly Half The U.S. Population Is Without A Job, Showing How Far The Labor Recovery Has To Go

AMERICA - Published date: .

"To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs," ... Read more

10% Of Retail Demand Might Be Lost Forever

AMERICA - Published date: .

Five percent to 10% of pre-Covid-19 demand could be decimated permanently, as "lost store volume can't entirely be made ... Read more

WHO Officials Warn Of 'vicious Cycle' Of Economic And Health Disasters If Coronavirus Restrictions Are Lifted Too Quickly

AMERICA - Published date: .

"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

AMERICA - Published date: .

Roughly 1.8 million residents struggling with unemployment due to the coronavirus pandemic have filed claims, roughly si... Read more

Tudor Jones Says This Will Be The 'Second Depression' If We Remain In Lockdown In A Year

AMERICA - Published date: .

Hedge fund investor Paul Tudor Jones said the country may have trouble following contact tracing and other methods used ... Read more

This Wartime Law Gives Trump Exceptional Power Over US Economy

AMERICA - Published date: .

President Trump has invoked a Korean War-era law to fight the coronavirus pandemic. The Defense Production Act gives the... Read more

Trump To Meet With Executives From Waffle House, Wynn, Toyota, Others To Discuss Reopening Economy

AMERICA - Published date: .

Trump has been soliciting feedback from a wide range of executives on when and how to reopen businesses that have shutte... Read more

Over 50% Of Department Stores In Malls Predicted To Close By 2021, Real Estate Services Firm Says

AMERICA - Published date: .

Department stores still represent about 60% of the anchor space within malls across the U.S. today, according to Green S... Read more

Powell Says The Economy Will Likely Need More Support From The Fed For The Recovery To Be 'robust'

AMERICA - Published date: .

Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the corona... Read more

Coronavirus Delivers Record Blow To US Retail Sales In March

AMERICA - Published date: .

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

Restaurants Have Laid Off Thousands In Wake Of Coronavirus—but Ghost Kitchens Are Hiring

AMERICA - Published date: .

C3 is leasing shuttered restaurants and hiring 1,000 employees for its ghost kitchens in an effort to meet consumer dema... Read more

New York, New Jersey And Other Northeastern States Form Coronavirus Working Group To Decide When To Ease Restrictions

AMERICA - Published date: .

The governors, led by Andrew Cuomo, announced the coronavirus group hours after President Donald Trump claimed in a twee... Read more

House Unlikely To Vote On Historic $2 Trillion Coronavirus Stimulus Bill Wednesday

AMERICA - Published date: .

Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has... Read more

Airlines Tell Congress They Need Cash Coronavirus Aid Or Thousands Will Be Furloughed

AMERICA - Published date: .

Airlines warned Congress thousands of jobs were at risk without direct grants to fight impact of coronavirus. Read more

Bank Of America Says The Recession Is Already Here: 'Jobs Will Be Lost, Wealth Will Be Destroyed'

AMERICA - Published date: .

Bank of America issued a dire warning to investors on Thursday: The recession is here. Read more

Investor Ray Dalio Estimates The Corporate Losses In The US From Coronavirus Will Top $4 Trillion

AMERICA - Published date: .

The Bridgewater Associates founder also estimated the global corporate losses will hit $12 trillion due to the pandemic. Read more

General Motors, Ford And Fiat Chrysler To Temporarily Close All US Factories Due To The Coronavirus

AMERICA - Published date: .

Detroit's Big Three automakers plan to temporarily close all U.S. factories as the coronavirus sweeps across the country... Read more

'Hell Is Coming' — Bill Ackman Has Dire Warning For Trump, CEOs If Drastic Measures Aren't Taken Now

AMERICA - Published date: .

"America will end as we know it. I'm sorry to say so, unless we take this option," Ackman said. Read more

'No Blank Check' For Airlines Seeking More Than $50 Billion In Coronavirus Aid, Democrats Warn

AMERICA - Published date: .

Labor unions and some lawmakers want worker and consumer protections if airlines get more than $50 billion in government... Read more

There's A 70% Chance Of Recession In The Next Six Months, New Study From MIT And State Street Finds

AMERICA - Published date: .

Using a scientific method initially developed to measure human skulls, researchers from MIT and State Street say there's... Read more