The Trump administration and Congress have finalized a deal that will lead to much-needed relief for American workers, small businesses and the industries that need it most as the coronavirus pandemic ravages the global economy. While this piece of legislation isn’t perfect, as no piece
The average price of a gallon of gas has fallen below $2 in the United States — the lowest price in four years, according to AAA. The plunge can be attributed to the ongoing coronavirus pandemic, which has wiped out demand as people are increasingly
That’s not to say this comeback is insignificant. It has been quite impressive. The Dow spiked 12.8% last week, its biggest weekly percentage gain since June 1938. The S&P 500 notched its best three-day return since 1933. And US stocks kicked off this with on
The economy is cratering deeper than we have seen in our lifetimes. Layoffs are coming so quickly, the state unemployment offices can’t keep up. Banks are flooded with calls about upcoming mortgage and loan payments. Downtowns are deserted, malls are closed, bars are empty,
US stock futures fell Tuesday after the Dow closed out its worst first quarter in history — the index lost 23.2% during the first three months of the year. Dow (INDU) futures sank 252 points, or around 1.2%, during after-hours trading Tuesday. S&P 500 (SPX)
After a dismal winter, China’s economy is showing signs of life. But a recovery in Asia won’t paper over problems in the United States and Europe as the world sinks into recession. See here: Goldman Sachs has significantly downgraded its outlook for the US economy
The economic fallout from the coronavirus pandemic could drive an additional 11 million people into poverty in East Asia and the Pacific unless “urgent action” is taken, the World Bank warned in a report released Monday. In the worse-case scenario outlined by the Washington-based financial
Ali Raja spends his nine-hour shifts in the emergency room at Massachusetts General Hospital treating gunshot wounds, sprained ankles, heart attacks and now a growing number of coronavirus cases. But before the emergency physician steps on to his long shift and after he’s done, he’s