Latest Stories

Latest Stories

As summer begins, ban on U.S. travel to EU nations is an economic blow

Jul 1, 2020
The transatlantic market is profitable for airlines, and it's a boon to other travel-related businesses.
EU nations will not open their borders to U.S. travelers. What does that mean for the American travel industry?
Kenzo Tribouillard/AFP via Getty Images

Chesapeake Energy bankruptcy raises new questions about oil and gas failures, abandoned wells

Jun 30, 2020
The company is being delisted from the New York Stock Exchange and seeking to reorganize.
A pump jacks draws crude oil in Signal Hill, California, in March.
David McNew/AFP via Getty Images

Fauci: U.S. could reach 100,000 new cases a day

Jun 30, 2020
The nation’s leading infectious disease expert made the remark at a Senate hearing on reopening schools and workplaces.
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases testifies before a Senate committee in Washington, DC, on June 30, 2020.
Al Drago/AFP via Getty Images

Visa CEO: "The world has changed dramatically"

Jun 30, 2020
Visa CEO Al Kelly discusses the consumer economy and corporate responsibility today, amid the global pandemic and nationwide protests for racial justice.
"We've seen debit card volume increase much more than credit card volume," Visa CEO Al Kelly says.
Courtesy of Visa Inc.

When $600-a-week pandemic unemployment checks run out, what then?

Jun 30, 2020
If Congress doesn't act, Federal Pandemic Unemployment Compensation is set to expire on July 31.
A Florida resident receives an unemployment insurance application in April. Many recipients could be shocked if the temporary extra benefit terminates at the end of July.
Joe Raedle/Getty Images

Texas bar owners sue state after being forced to close again

Jun 30, 2020
Bar owners say they are being unfairly singled out.
A bartender serves a drink to a customer at a bar in Austin, Texas, in May. Texas Gov. Abbott has singled out bars as the reason for a spike in COVID-19 cases in the state.
Sergio Flores/AFP via Getty Images

Netflix will deposit $100 million in Black-owned banks

Jun 30, 2020
The move should help the banks make more loans in communities of color. But deposits are just one way to help the institutions.
Olivier Douliery/AFP via Getty Images

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Dentists are feeling financial pain after reopening

Jun 30, 2020
After months without income, they're seeing fewer patients and spending more on protective equipment.
Dentists perform a procedure on a patient in London in May. Dental offices are spending tens of thousands on extra personal protective gear during the COVID-19 pandemic.
Leon Neal/Getty Images

Wearing masks could prevent a 5% loss in GDP, Goldman Sachs says

Jun 30, 2020
The economic argument for wearing a mask.
A woman wearing a mask in New York City. Financial experts believe that the virus-suppression effect of wearing face masks helps to preserve economic activity.
Jeenah Moon/Getty Images

China passes national security law for governing Hong Kong

Some fear that the new law will take away freedoms that make Hong Kong the only real global financial center in China.
Chinese authorities repeatedly said the law is aimed at a few "troublemakers" and not investors, but people are nervous.
Isaac Lawrence/AFP via Getty Images