Marketplace®
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The worst string of layoffs on record

Apr 30, 2020

Episodes 4921 - 4930 of 10000

  • Low interest rates are great for stimulus in a time of need. But what about for savers?
    Federal Reserve via Getty Images

    The Federal Reserve has now decided to keep interest rates super low, near zero. Oil giant Shell cuts investor dividends for the first time in 80 years. And, game theory for robots — they’re learning economics, too, you know.

  • European lockdowns batter economic growth.

    France and Spain posted their biggest economic declines in 25 years, while Italy starts its long road to recovery. Will the European Central Bank intervene? A deal between AstraZeneca and Oxford University could see the U.K. produce a COVID-19 vaccine.

  • Stay-at-home orders have been enough to create a quarterly loss for the U.S. economy.
    Cindy Ord/Getty Images

    The biggest quarterly contraction in the U.S. economy since the 2008 financial crisis. Ford reports first-quarter losses. Surveying the meat industry amid supply chain disruption and demand shock. Pandemic problems for the global flower trade.

  • President Trump is invoking his special authority under the Defense Production Act to keep meat processing plants open.
    Drew Angerer/Getty Images

    Some meat processing plants have been identified as virus hot spots, forcing them to close. But the president is keeping them open. Airbus CEO on what the pandemic means for plane manufacturers. How to build resilient communities during COVID-19 recovery.

  • Airbus profits plunged between January and March.
    Thomas Lohnes/Getty Images

    The boss of Airbus says COVID-19 is the “gravest crisis” to ever hit the aviation industry, as its profits fall sharply. The global flower industry is wilting due to falling demand as producers are having to destroy blooms. 

  • 3M shares have risen after first quarter sales increased due to "strong demand" for personal safety products.
    Alexander Koerner/Getty Images

    Some big corporations are predicting improvement in the coming weeks. The Trump administration is trying to ensure that Paycheck Protection loans go to the intended small businesses. Mastercard pledges to get unbanked individuals and small businesses into the financial system.

  • A small business owner fills out an online form for pandemic financial aid. Payments for the Economic Injury Disaster Loan program are due this year.
    Eric Baradat/AFP via Getty Images

    Criticism that smaller and minority-owned businesses didn’t get their fair share from the first round of Paycheck Protection Program money. Wireless and internet carriers are extending grace periods. Apple and Google are set to release their joint contact tracing tool.

  • Pre-tax profits at HSBC have almost halved.
    Fabrice Coffrini/Getty Images

    HSBC halts job cuts as concerns mount over loan repayments. Takeout is back as New Zealand starts to relax lockdown restrictions. India criticizes the accuracy of Chinese-made COVID-19 testing kits and cancels an order.

  • In states like Georgia, each business is having to make a decision about whether it makes sense to reopen now.
    Kevin C. Cox/Getty Images

    New guidelines for meat processors, as COVID-19 threatens food supply infrastructure. The SXSW film festival has partnered with Amazon to show some movies for free. Businesses in Georgia must make a decision about whether to reopen or not.

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Get up to speed on the news each morning with our daily radio show and podcast, “Marketplace Morning Report,” hosted by Kimberly Adams. We give you the economy without the anxiety, in the amount of time it takes to brew a cup of coffee. Start your day with us, on air or by downloading our podcast, for context and perspective on the economic news that matters to you.

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