Streetwise The post-financial-crisis playbook may not be the right one this time March 29, 2020 11:00 am ET Jerome Powell, chairman of the Federal Reserve, which earlier this month cut rates to nearly
Economy U.S. Economy Start of downturn marks the end of 128-month expansion that began in June 2009 By Kate Davidson Updated June 8, 2020 10:33 pm ET The NBER said the coronavirus pandemic and the pub
Business Food makers, retailers respond by restoring promotions, bundling products to help offset biggest price jump since 1970s June 9, 2020 7:00 am ET Food makers are designing value packs, and supe
BuzzFeed News More than 40 million people lost their jobs in the last few months, in the fastest and deepest economic slowdown ever recorded. More than half of all households with low incomes in the U
If you or someone you know is facing eviction, CNBC Make It would like to hear from you. Please email money reporter Alicia Adamczyk at alicia.adamczyk@nbcuni.com. Even before the coronavirus pandemic
Federal Reserve leaders predict a slow recovery for the U.S. economy, with unemployment falling to 9.3 percent by the end of this year and to 6.5 percent by the end of 2021, after tens of millions of
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Don’t Lose the Thread. The Economy Is Experiencing an Epic Collapse of Demand. A rip in the fabric of the economy won’t be healed easily, and denial of the severity of the crisis won’t solve it. Credi
When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should b
Spencer Platt | Getty Images The unemployment rate in the U.S. improved last month as millions of people returned to the workforce. But the official 13.3% unemployment rate, while still high relative
New York (CNN Business) Who would want to lose their job in the middle of the worst job market since the Great Depression? Believe or not, thousands of people would. More than 10,000 people have alrea
In an age punctuated with almost biblical chaos—plague, brutality, and surreal images of the president posing with a holy book he fumbles like a strange cut of meat—there has been one queasy and bizar
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Economic Strain Persists Even as Businesses Reopen State jobless rolls increased last week as some workers were newly laid off and others belatedly started to receive benefits. Eric Latham in Alabama
Jonathan Baird and his wife, Nichole, say they've had to decide between making their car payment and buying food since she lost her job in the pandemic. His mortgage and auto lenders told him he didn'
Economy U.S. Economy No matter the measure, Covid-19 and shutdowns led to historically high unemployment and are likely to leave lasting mark on U.S. economy June 3, 2020 5:30 am ET It will likely tak
Economy Economic Data Surveys of purchasing managers in U.S., Asia and Europe offer some hope that decline in factory activity is starting to bottom out Updated June 1, 2020 6:48 pm ET The U.S. econom
Julia Nix pulled her silver Ford Escape into Traders Village, an 80-acre flea market on the outskirts of San Antonio’s southside, around 8:30 p.m. on Monday, May 4. The place was closed; beyond the pa
In early March, as it became clear that the coronavirus pandemic really wasn’t a hoax but was about to upend American life, I started texting my friend Paul, an investment adviser, about the stock mar
Europe Dispatch: A Continent Reopens A Mile-Long Line for Free Food in Geneva, One of World’s Richest Cities The Swiss city is best known for bankers, watchmakers and U.N. officials. But the virus has
After accounting for the present crisis, the average millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history. Millennials will bear the
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Pay Cuts Become a Tool for Some Companies to Avoid Layoffs “Shared sacrifice” in the white-collar ranks aims to avoid the cost of staffing up again. With no end to the crisis in sight, it is a leap of
More than 38 million Americans have lost their jobs since the outbreak of the COVID-19 pandemic. Stay-at-home orders have ground much of the economy to a halt, prompting trillions in stimulus spending
WASHINGTON — As states begin to reopen from coronavirus-related shutdowns, a wave of unpaid utility bills coming due will not only saddle Americans still out of work with new debt, it could also drive
A Wave of Small Business Closures Is on the Way. Can Washington Stop It? Bipartisan proposals address weaknesses of a hastily passed aid program. Checking a to-go order at Farley’s East in Oakland, Ca
As Reopening Starts, Americans Expect Recovery to Take Years Even those financially unaffected by the coronavirus shutdown don’t foresee a rapid rebound for the economy, a Times survey finds. Jeff Loc
Too Big to Fail: The Entire Private Sector Large parts of financial markets are now being managed by the government. Even if they don’t like it, investors must acknowledge it. Wall Street has rebounde
watch now VIDEO 3:40 03:40 Here's a recap of Fed Chairman Powell's comments on US economic outlook Squawk Box The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Dep
New York (CNN Business) The US stock market stands 4% higher today compared to a year ago, despite the death and destruction unleashed by the coronavirus pandemic. Although more than 80,000 Americans
Grocery prices showed their biggest monthly increase in nearly 50 years last month, led by rising prices for meat and eggs, the U.S. Bureau of Labor Statistics reported Tuesday. U.S. consumers paid 4.
How to Create a Pandemic Depression Opening the economy too soon could backfire, badly. May 11, 2020 By Opinion Columnist Last week the Bureau of Labor Statistics officially validated what we already
Why Economic Pain Could Persist Even After the Pandemic Is Contained Plunging revenue at many businesses, whether they close or not, could ripple through the economy and block a quick return to prospe
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Editor’s note: The Economist is making some of its most important coverage of the covid-19 pandemic freely available to readers of The Economist Today , our daily newsletter. To receive it, register h
E.U. Is Facing Its Worst Recession Ever. Watch Out, World. New forecasts predict a 7.4 percent economic collapse and risks of even worse decline if the reopening triggers a second virus wave. The Louv
Published 7 May 2020 comments Share page About sharing Media caption, No quick return to normality, says Bank of England chief By Szu Ping Chan Business reporter, BBC News The Bank of England has warn
Published 6 May 2020 comments Share page About sharing Image source, Getty Images By Andrew Walker BBC World Service economics correspondent The European Union faces a deep and uneven recession, accor
DO HIGH LEVELS of public debt reduce economic growth? Many economists asked that question after the financial crisis of 2007-09, when bank bail-outs and fiscal-stimulus programmes caused debt-to-GDP r
Keith Hoodlet