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COVID-19

If the U.S. economy gets sick, other countries could catch 'pneumonia'

by Kai Ryssdal and Sean McHenry
Jul 23, 2020
The U.S. health crisis isn't just depressing the national economy. The global economy could feel it, too.
A "Detour" sign outside the offices of the International Monetary Fund in Washington, D.C. The economic downturn in the United States is likely to hurt the global economy, says economist Susan M. Collins of the University of Michigan.
Saul Loeb/AFP via Getty Images
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COVID & Unemployment

PPP boosted employment through early June, study finds

by Justin Ho
Jul 23, 2020
As many as 3.2 million jobs were added by the federal Paycheck Protection Program, but the long-term effect is unknown.
With the coronavirus closing many businesses, the Paycheck Protection Program saved millions of jobs that would have been lost, according to MIT research.
Justin Sullivan/Getty Images
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COVID & Unemployment

What Senate Republicans are proposing for the COVID-19 relief bill

by Sabri Ben-Achour , Nancy Marshall-Genzer and Alex Schroeder
Jul 23, 2020
They're divided on whether and how to extend emergency pandemic unemployment benefits.
The unemployment extension for the GOP bill will be based on approximately 70% wage replacement, according to Treasury Secretary Steven Mnuchin.
Tasos Katopodis/Getty Images
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COVID & Unemployment

The number of people seeking unemployment benefits is up for the first time since March

by Associated Press
Jul 23, 2020
The rise in weekly jobless claims to 1.4 million underscores the outsize role the unemployment insurance system is playing as a safety net.
The Labor Department said Thursday that roughly 32 million people are receiving unemployment benefits.
Mark Felix/AFP via Getty Images
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COVID-19

Mattel banks on keeping kids busy during the pandemic

by Erika Beras
Jul 23, 2020
Mattel has pivoted, playing to the moment at hand with marketing like "play is never canceled" and an emphasis on family activities.
Hot Wheels cars, a Mattel product, weren't flying off the shelves during the pandemic like other games. So Mattel has pivoted.
Justin Sullivan/Getty Images
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COVID & Unemployment

Pandemic unemployment benefits have kept people spending

by Jasmine Garsd
Jul 23, 2020
Economists say the additional $600-a-week benefit has boosted the whole economy and contributed to job growth.
A person fills out an unemployment benefits application. The addition of $600 a week has enabled many Americans to keep spending and support businesses.
Olivier Douliery/AFP via Getty Images
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COVID-19

Some unemployed workers must prove they're looking for jobs to get benefits

by Meghan McCarty Carino
Jul 22, 2020
States had suspended the requirement in the early weeks of the crisis, but some have now brought it back.
Justin Sullivan/Getty Images
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COVID-19

Oil-rich countries have been hit hard by the pandemic. How can they move on?

by Sabri Ben-Achour , Erika Soderstrom and Alex Schroeder
Jul 22, 2020
Oil prices are still far below the break-even point for many producers in the Middle East.
Transitioning away from oil, for countries that depend on the industry, is easier said than done.
Joe Raedle/Newsmakers
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COVID-19

U.S. accuses hackers of stealing trade secrets, vaccine data for China

by Sabri Ben-Achour , Nancy Marshall-Genzer and Alex Schroeder
Jul 22, 2020
The Justice Department indictment says two hackers worked with the Chinese government to steal intellectual property from companies around the world.
Alastair Pike/AFP via Getty Images
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COVID-19

A virtual Comic-Con means opportunities, for some

by Jack Stewart
Jul 22, 2020
For the first time in its 50-year history, San Diego Comic-Con has been canceled. Organizers are moving some events online.
San Diego gets about $149 million in economic benefit from Comic-Con. Pictured: Cosplayers attend the 2019 Comic-Con International.
Matt Winkelmeyer/Getty Images
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