Home Tags Economy
The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing ...
Over 10 million Americans filed for unemployment in March. Macy's, Marriott, buzzy startups, and more contributed to that record-breaking number.
Spain is moving to permanently establish universal basic income in the wake of the coronavirus pandemic
Spain would be the first European country to enact a basic income and provide monthly cash payments to its citizens.
Janet Yellen warns coronavirus-hit US economy could contract 30% next quarter, says unemployment might already be 13%
"My hope is that we get back to business as usual as quickly as possible," said former Federal Reserve Chair Janet Yellen.
A whopping 35 million Americans could lose their health insurance due to massive layoffs from coronavirus, new study says
The figure highlights the unprecedented ripple effect of the coronavirus across the US economy and health care.
Current US market turmoil is expected to trigger the "deepest quarterly pullback" in US post-war history, according to Societe Generale.
The bank also expects annual GDP to decline 5.3%, a bigger slump than was seen amid the global financial crisis in 2008.
Billionaire Bill Ackman says he’s ‘beginning to get optimistic’ about a coronavirus recovery, weeks after saying ‘hell is comi...
Ackman cited the one-day drop in New York-based virus deaths along with lockdowns taking place throughout the country for his newly positive outlook.
The legendary economist who predicted the housing crisis says the stock market is probably far from the bottom — in a video interview from his b...
Shilling expects this recession to run at least through the end of the year and says the stock market is probably far and away from the bottom.
Economists think coronavirus could push unemployment above Great Depression levels. Here’s why the pain won’t be as prolonged this time.
Issuing state and local aid before possible budget deficits can help avoid "a huge drag on the economy," an Economic Policy Institute director said.
Here’s why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program
The largest cruise lines are incorporated outside the US. That means they won't be able to get a cut of the bailout money under Trump's stimulus law.