From This Collection

Retail sales soar 17.7% in May, although they're still down compared to last year

Jun 16, 2020
Overall, retail sales are down by 6% compared to May 2019.
With lockdowns lifting, economists expected May retail sales to jump. But not by this much.
Stephanie Keith/Getty Images

Researchers say they have first evidence of a drug that can improve COVID-19 survival

U.K. researchers say the cheap, widely available steroid dexamethasone reduced deaths by up to one-third in severely ill hospitalized patients.
Jeenah Moon/Getty Images

The effects of unemployment spread like a virus

A possible cure for the economic crisis caused by the pandemic? The job guarantee. Pavlina Tcherneva of Bard College explains the job-creation idea.
The job guarantee concept is simple: For everyone who wants a job, a job will be provided by the government.
Joe Raedle/Getty Images

Fed Chair Powell to report to Congress on the COVID-19 economy

Jun 16, 2020
He's expected to elaborate on his pessimistic forecast that millions of people who have lost their jobs during the pandemic may not get them back.
Federal Reserve Chair Jerome Powell
Mark Makela/Getty Images

Restaurant menus are shrinking, thanks to the pandemic

Jun 15, 2020
Smaller menus save restaurants money and let them focus on what customers really want.
An employee cleans the posted menu of a reopened Virginia restaurant. Menus have downsized as the industry's revenue declined.
Olivier Douliery/AFP via Getty Images

Who got those PPP loans? The government doesn't want to tell.

Jun 15, 2020
The Trump administration says the relevant part is that the COVID-19 relief loans complied with the law — not who actually got them.
Treasury Secretary Steven Mnuchin speaks at a Senate Small Business and Entrepreneurship Committee hearing.
Al Drago Pool/Getty Images

As internships move online, will opportunities follow?

Jun 15, 2020
If internships can be done from anywhere, the pipeline for future talent may be getting more inclusive.
Companies have shifted during the coronavirus pandemic to allow their interns to work remotely.
Leon Neal/Getty Images

For public good, not for profit.

Long lines at London stores mark reopenings after COVID-19 lockdown

Jun 15, 2020
Nonessential businesses across England are opening their doors to shoppers for the first time since March.
With nonessential stores reopening in England on Monday, people will have to get used to shopping in the age of the coronavirus.
Matthew Chattle/Barcroft Media via Getty Images

Kudlow says extra $600 for unemployment benefits will end in July

The director of the National Economic Council called the benefits a “disincentive” for people to get back to work.
Kudlow says the Trump administration is looking at a potential bonus for people returning to work.
Mandel Ngan/AFP via Getty Images

COVID-19 has closed tribal casinos and cut off other vital revenue sources

Jun 15, 2020
Tribal leaders say COVID-19 closures have had a devastating economic effect.
The Northern Arapaho Tribe’s Wind River Hotel and Casino, located on the Wind River Reservation in Wyoming, has been closed since mid-March.
Savannah Maher