Auction industry readies for COVID-19 business closures

May 13, 2020
The last order of business for many bankrupt companies — restaurants in particular — is to put their assets under the gavel.
A closed restaurant in Washington, D.C., in March. Auction companies are predicting a wave of closures and liquidations due to the COVID-19 pandemic.
Nicholas Kamm/AFP via Getty Images

Powell warns of a possible sustained recession from pandemic

May 13, 2020
Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.
Powell urged Congress and the White House to act further to prevent long-lasting economic damage.
Federal Reserve via Getty Images

Detroit hits pause on tax foreclosures to help homeowners during COVID-19

May 13, 2020
Wayne County estimates roughly 10,000 properties were scheduled for tax foreclosure this year, including about 3,200 owner-occupied homes.
Pressing pause on tax foreclosures is a solution to a long-standing problem in Detroit.
Eli Newman

Big brands are telling TV networks they might not be buying as many ads as planned

More people are at home watching, but there's a lot of uncertainty about the future of TV programming.
As much as $1.5 billion in TV advertising spending could be pulled back.
Pixabay

Food delivery apps may soon see even more consolidation

May 13, 2020
That could mean higher prices for consumers, and for the restaurants that rely on the apps.
There are reports that Uber has made an offer to buy and take over Grubhub.
Cindy Ord/Getty Images

What House Democrats have proposed for a new COVID-19 stimulus bill

The $3 trillion bill proposes another round of direct checks to Americans.
Both sides have their demands, but will Republicans and Democrats be forced by necessity to find a middle ground?
Graeme Jennings/POOL/AFP via Getty Images

Lost health insurance? COBRA's an option, but it isn't cheap

May 13, 2020
The benefit allows you to keep your former employer's insurance plan — as long as you pay your former employer's share of the premium
Drive-up coronavirus testing in Culver City, California.
Kevin Winter/Getty Images

For public good, not for profit.

How possible is a major airline failure due to COVID-19?

May 12, 2020
Boeing CEO Dave Calhoun said it's "likely" in an interview on NBC's "Today" show.
United Airlines planes sit parked on a runway in Denver in April.

How one hairstylist is preparing to get back to work

May 12, 2020
As Idaho reopens, Ashley Nelson is getting back in touch with clients and hoping they will be loyal to her.
Ashley Nelson, a hair stylist in Boise, Idaho, hasn't taken an appointment since mid-March.
Arlie Sommer

Buy America order could worsen medical supply shortages, economists say

May 12, 2020
More than 200 economists have signed a letter to President Trump and congressional leaders. They say a Buy America order the Trump administration is contemplating for medical supplies would push up prices and exacerbate shortages.
The Port of Los Angeles. The Buy America initiative may raise the price of medical supplies imported from China.
Mario Tama/Getty Images