Marketplace®

Daily business news and economic stories
Mar 16, 2020

“No question” we’re headed into a recession

Declines in Chinese retail sales and industrial production show us where the U.S. is headed. Companies respond to the FCC’s request for phone and internet providers to get flexible. Sharply falling consumer confidence. How border closures would be catastrophic for supply chain companies.

Trading on Wall Street was halted immediately after the opening bell Monday, as stocks posted steep losses following emergency moves by the Federal Reserve to try to avert a recession due to the coronavirus pandemic.
Trading on Wall Street was halted immediately after the opening bell Monday, as stocks posted steep losses following emergency moves by the Federal Reserve to try to avert a recession due to the coronavirus pandemic.
Johannes Eisele/AFP via Getty Images

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