The Payroll Protection Program has run through its money already. About 5.25 million people filed for state unemployment benefits in the last week. Buses in Detroit are now free, but bus drivers have safety concerns as essential workers.
Context on the millions more who signed up for state unemployment benefits in the last week. Big banks pledge that stimulus checks will not go toward covering overdraft fees and such. Is the current economic narrative a self-fulfilling prophecy?
Britain flies in foreign workers to harvest fruit during the COVID-19 outbreak. Germany starts to open up. The challenges of lockdown for many Indian migrant workers.
Retail sales fell dramatically in March, slightly more than the pessimistic forecasts of economists. How to gradually lift stay-at-home orders and phase in economic activity. Do we pay enough to workers at the frontlines of this pandemic? Airlines reach a bailout deal.
When you turn off large parts of the economy, cities and states aren’t collecting as much in taxes. New numbers on homebuilders’ confidence — or pessimism. Even before the pandemic, online therapy and therapy apps were booming.
The G-20 decides whether to suspend debt payments for the poorest economies. Spain slowly emerges from lockdown. And one top chef swaps the banquet hall for the school lunch hall.
The market is clearly pricing in a recession. More Americans are putting their mortgage payments on hold. The latest on business interruption insurance. NBCUniversal is set to launch its Peacock streaming service.
The season for corporations to report their January to March results is upon us, and many will contain educated guesses about how the COVID-19 Economy will play out. Inside the confusion over the $350 billion in loans for smaller businesses.
