Coronavirus: Business
Small Business Loans Are Not Going Proportionately To The Hardest-hit Areas, Fed Study Shows
AMERICA - Published date: .
States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a... Read more
Fed's James Bullard Says The Jobs Report On Friday Will Be One Of The Worst Ever
AMERICA - Published date: .
Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid c... Read more
US Private Payrolls Drop By 20.2 Million In April, The Worst Job Loss In The History Of ADP Report
AMERICA - Published date: .
Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took mo... 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
April's Jobs Report Showing Millions Out Of Work Looms Large In The Week Ahead
AMERICA - Published date: .
In the week ahead, the April jobs report is expected to show the highest unemployment since 1939. 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
The Economic Decline In The First Quarter Reveals Even Weaker Consumers And More Unknowns Ahead
AMERICA - Published date: .
Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home ... Read more
Federal Reserve Seeks Banks' Advice As It Gets Into Direct Lending With Coronavirus Relief
AMERICA - Published date: .
The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead... Read more
Millions Can't Access Unemployment Benefits So Actual Job Losses Are Likely Greater Than Data Shows
AMERICA - Published date: .
The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official gov... Read more
Trump Signs $484 Billion Coronavirus Relief Bill To Boost Small Business, Hospitals And Testing
AMERICA - Published date: .
The bill includes $370 billion for small business aid, $75 billion for hospitals and $25 billion for testing during the ... Read more
The US Economy Has Wiped Out All The Job Gains Since The Great Recession
AMERICA - Published date: .
The jobless claims report showed that it took only five weeks for the U.S. economy to erase all the job gains since the ... Read more
US Weekly Jobless Claims Hit 4.4 Million, Bringing 5-week Total To More Than 26 Million
AMERICA - Published date: .
The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the... Read more
Another 4.3 Million Workers Expected To Have Filed Unemployment Claims
AMERICA - Published date: .
About 4.3 million workers are expected to have filed unemployment claims last week, bringing virus-related layoffs to ov... Read more
New York Fed President Williams Says The Economy Won't Be Back To 'full Strength' By End Of 2020
AMERICA - Published date: .
Areas such as construction should be the first to come back, John Williams told CNBC. Read more
The US Economy Has Erased Nearly All The Job Gains Since The Great Recession
AMERICA - Published date: .
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'
AMERICA - Published date: .
"The damage that is being done every day is enormous," Expedia and IAC Chairman Barry Diller told CNBC on Thursday. Read more
The Fed's Main Street Problem: Worries Rise That Money Won't Go Where It's Most Needed
AMERICA - Published date: .
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
AMERICA - Published date: .
"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'
AMERICA - Published date: .
Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the ea... Read more