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Pandemic economy

Many small businesses that closed at start of pandemic may never reopen

by Nancy Marshall-Genzer
May 5, 2021
The New York Fed said each additional week a service business is closed cuts its chance of reopening by 2 percentage points.
Some businesses that closed at the beginning of the pandemic have been forgotten by their former customers.
Spencer Platt/Getty Images
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Back to Business

Businesses that have survived the pandemic are spending. On themselves.

by Justin Ho
Apr 21, 2021
Many businesses are pumping money into much-needed improvements, and that spending is rippling through the economy.
Some changes businesses made during the pandemic, including in the food industry, will improve operations over the long term.
Frederic J. Brown/AFP via Getty Images
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IMF warns global growth will be lopsided

by Sabri Ben-Achour
Apr 5, 2021
It may take years for much of the world to match the U.S. and China, where bigger vaccine rollouts have sped up economic recovery.
As some countries recover, interest rates rise, making it harder for the economies of other countries to rebound.
Karen Bleier/AFP via Getty Images
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COVID-19

Consumers may be ready to release their pent-up demand

by Kimberly Adams
Feb 25, 2021
As the pandemic retreats, Americans who can afford to spend on things they've been deprived of may start spending.
After months of shopping online, many Americans look forward to visiting brick-and-mortar stores.
Drew Angerer/Getty Images
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COVID-19

As New York Fashion Week begins, the clothing industry ponders its future

by Marielle Segarra
Feb 15, 2021
Looking past the pandemic, comfort and color may be on the horizon.
A model walks the runway for Christopher John Rogers during New York Fashion Week in 2020. This year, the runways are mostly virtual.
Dia Dipasupil/Getty Images for NYFW: The Shows
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COVID-19

Carnival and Mardi Gras usually mean $1 billion for the New Orleans economy. What about this year?

by Kai Ryssdal and Alli Fam
Feb 11, 2021
Quentin Messer Jr., head of the New Orleans Business Alliance, says the city's spirit is alive, but there's a sense of loss too.
Due to the cancellation of traditional Mardi Gras activities, New Orleanians are decorating their homes and businesses to resemble festive floats.
Chris Graythen/Getty Images
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Workplace Culture

Moms with straight As in high school get similar leadership opportunities as dads who got failing grades

by Meghan McCarty Carino
Feb 10, 2021
A new study provides more evidence that mothers are particularly penalized in the workplace.
During the pandemic, many mothers have been forced to cut back on their hours or leave jobs to care for kids, often because they make less than a male partner.
Joe Raedle/Getty Images
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Fossil fuel pollution is killing 8.7 million people a year, study says

by Scott Tong
Feb 9, 2021
Further investment in fossil fuels, even for a pandemic recovery, could have devastating human costs, the study says.
"One of the worst things we could be doing is stimulating our economy with measures that then lead to more deaths on the fossil-fuel front," says climate economist Gernot Wagner.
Brook Mitchell/Getty Images
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What it means to return to a "pre-pandemic" economy

by Kimberly Adams
Feb 2, 2021
Even if the numbers return to where they once were, the economy is probably going to look very different.
The economic fallout from the COVID-19 pandemic has been worse for women and people of color, particularly in the service sector.
Sarah Silbiger/Getty Image
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Back to Business

The shoe economy, almost a year into the pandemic

by Marielle Segarra
Jan 26, 2021
With so many people staying home in their slippers, shoe sales have fallen dramatically. You can see that play out in neighborhoods.
The pandemic has emptied stores in Brooklyn, New York, that once did healthy in-person business.
Angela Weiss/Getty Images
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