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"There is worse to come, hard though that may be to imagine," said a group of analysts from TS Lombard.
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.
The stock market’s biggest source of buying power is quickly fading and won’t come back for years, new report says
Debate around whether buybacks are "socially unacceptable" could place a permanent drag on stock repurchases, Sanford Bernstein analysts wrote.
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.
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.
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.
"Balance sheet damage will hinder recovery even when the virus subsides," Krugman said, adding state governments require more aid to fuel a rebound.
JPMorgan expects 7 million Americans will file for unemployment benefits next week — the 3rd record in a row
"The number of workers in industries directly affected by COVID-19 is massive," JPMorgan economist Jesse Edgerton wrote.