A 16% drop in retail sales for April. Federal regulators have raised a question about the accuracy of a new COVID-19 test. Data that one vaccine from Oxford is working in monkeys. How farmers in the Northwest are doing.
As states ease restrictions, businesses begin making plans for reopening. And some of those plans call for the employees to enforce social distancing. Have oil prices bottomed out, with more people moving around? Pawnshops are seeing more business.
With tens of millions of people filing for unemployment since the outbreak of COVID-19, pawn shops have seen a modest uptick in business, becoming essential to some communities.
Bars and restaurants in much of Europe and Australia have started to welcome back customers. Germany heads into recession as the economy shrinks 2%. How mass transit systems around the world are trying to get back up and running.
Plus: how rural libraries are holding up, how consumer spending is changing and the tense dynamic between reopening businesses and employees who don’t feel safe coming back.
Some are choosing cheaper schools, taking gap years, or staying closer to home. Others are hoping that, if college is online in the fall, tuition might be lower.
Because of the COVID-19 movement restrictions, people turned to Zoom video calls, and virtual worlds to mourn loved ones. Those practices could outlast the coronavirus.
Almost 3 million more people filed for unemployment last week. Some groups are getting hit harder than others. And, British cheesemakers lost a lot of business with the closing of restaurants. Direct-to-consumer sales are alleviating some of their surpluses.
Gig workers are eligible for unemployment benefits, but they might be getting less money than they should. And, Marketplace’s podcast “The Uncertain Hour” has a new season out now on public policy and “A History of Now.”
New Zealand’s finance minister unveils a “once-in-a-generation” budget to support the country’s businesses as they start reopening. Spain introduces a 14-day quarantine for all foreign visitors. British cheesemakers’ call for public support.
College seniors are faced with ending the biggest chapter of their lives so far and looking for a job during a global pandemic and record unemployment.
Jerome Powell is urging Congress and the White House to spend more money to prop up the economy. Brands are reportedly cutting back spending for TV ads. County officials in Michigan have temporarily stopped foreclosing on properties for unpaid taxes.
House Democrats have a fresh stimulus bill that would double the amount of aid the government has already spent, to $6 trillion. Uber wants to buy Grubhub. Understanding the continued health insurance coverage known as COBRA.
The British economy shrank by 2% during the first three months of the year. Also, India announces $266 billion worth of stimulus measures for businesses. Shoppers in Chile share concerns about safety during the virus.
Plus: the life of a hairstylist in a reopening state, what it would look like if a major American airline went under, and a conversation with the Twitch CEO.
More than 200 economists have signed a letter to President Trump and congressional leaders. They say a Buy America order the Trump administration is contemplating for medical supplies would push up prices and exacerbate shortages.
The Federal Reserve is prepared to invest hundreds of billions of dollars in corporate bond ETFs to support businesses, and make it possible for these businesses to borrow during the Coronavirus downturn.
How will government officials respond to Elon Musk’s declaration that he’s opening up Tesla’s assembly plant in Northern California? Moods among small businesses are the lowest since 2008. Substance use treatment goes virtual during COVID-19.
Still waiting for stimulus money? The deadline for people to get their direct deposit bank information to the IRS is Wednesday. Optimism among small business owners is down. Frugality is becoming more ingrained in the culture.
Saudi Arabia takes a hit as profits at its state-run oil firm dip. Toyota and Honda release warnings about the year ahead for automakers. The Premier League warns its soccer clubs they’ll owe TV broadcasters more than $400 million.
“If there’s a recession on the horizon, we’re all just going to be at the mercy of what that looks like,” said Christina Stembel, CEO of Farmgirl Flowers.
The White House and members of Congress are considering whether to push another stimulus package. Unemployment may get worse yet before it gets better. How hotels are having to rethink safety. COVID-19 puts Britain’s relationship with China under strain.
Workers and employers want to know: When will it be safe to go back to work? And how will we know? Data emerges that shows U.S. meat is still being shipped overseas, especially to China. France begins to lift virus restrictions.
We hear from the construction and hospitality industries as the U.K. government unveils plans to exit lockdown. A look at Paris on the first day back at work after one of Europe’s longest and strictest lockdowns. Disneyland in Shanghai reopens.