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Nearly one out of 10 people who had a job to go to before the pandemic don’t have one now.
As millions lose their jobs or suffer furloughs, the demand at food banks is surging.
If a segment of the population stops buying things, it could lead to a much larger economic crisis, Duflo warned.
The coronavirus makes planning and logistics even more difficult for industry coming off trade war with China.
It’s mostly up to companies to decide who gets hazard pay, and for how long.
“We’re doing everything we can to continue the critical activities that we need to do,with a lot of added precautions for the sake of our employees,” said Patrick Smith of Loftus Ranches in Washington.
“Now’s the time to innovate and go hunting,” says an investment firm co-founder.
Today’s news is worse — and coming faster — than in the scenarios the central bank tests for.
Guidance is a way for a company to help others assess what its stock is worth, but right now, a lot of companies just don’t know.
Consumer spending accounts for 70% of U.S. GDP. Is that going to change soon?