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Despite staggering unemployment numbers, it's even worse than it looks

Apr 9, 2020
Nearly one out of 10 people who had a job to go to before the pandemic don't have one now.
One expert estimates unemployment in the U.S. is around 14% currently.
Angela Weiss/AFP via Getty Images

Coronavirus-linked hardship puts pressure on food banks

Apr 9, 2020
As millions lose their jobs or suffer furloughs, the demand at food banks is surging.
Volunteers pack boxes of food at the distribution center of the Capital Area Food Bank on April 9 in Washington, D.C.
Drew Angerer/Getty Images

How to help the poor amid COVID-19? Give them money, says Nobel laureate Esther Duflo

Apr 9, 2020
If a segment of the population stops buying things, it could lead to a much larger economic crisis, Duflo warned.
Nobel laureate Esther Duflo points to direct cash transfers in coronavirus response.
Jonathan Nackstrand/AFP via Getty Images

For steel business, pandemic poses new kind of uncertainty

The coronavirus makes planning and logistics even more difficult for industry coming off trade war with China.
Keystone/Getty Images

COVID-19 prompts questions about which jobs are classed "hazardous"

Apr 7, 2020
It's mostly up to companies to decide who gets hazard pay, and for how long.
Amazon employees hold a protest over conditions at the company's Staten Island distribution facility on March 30 during the COVID-19 pandemic.
Spencer Platt/Getty Images

Running a farm in the coronavirus economy

Apr 7, 2020
"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.
Sean Gallup/Getty Images

Pandemic could mean opportunity for real estate investors

Apr 7, 2020
“Now's the time to innovate and go hunting," says an investment firm co-founder.
Could the post-pandemic housing market look similar to the post-Great Recession market?
Justin Sullivan/Getty Images

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Stress tests for banks aren't designed for a downturn as severe as this one

Apr 6, 2020
Today's news is worse — and coming faster — than in the scenarios the central bank tests for.
Michael Nagle/Getty Images

More companies suspending earnings guidance as economy tanks

Apr 6, 2020
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.
March 9, 2020, New York City.
Timothy A. Clary/AFP via Getty Images

What's gonna happen to the consumer economy?

Apr 6, 2020
Consumer spending accounts for 70% of U.S. GDP. Is that going to change soon?
Consumer spending has carried a lot of weight in this economy for a long time.
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