US Economy Could Move Back to 2016 Level
America’s gross domestic product (GDP) was $21.4 billion last year. If it resets down between 12% and 13% this year, the figure will go back to the $18.7 level of 2016. Of course, GDP…
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Consumer Confidence Sinks to All-Time Low Again
U.S. consumer confidence has again sunk to its lowest level ever, especially among high-income consumers who are responsible for most discretionary spending.
How China Set the Bar for Blunting the Coronavirus Outbreak
Three Asia experts at the International Monetary Fund praised China's success at stemming the coronavirus outbreak in the country while warning of lingering economic effects.
14.4 Million Jobs at Risk in the Leisure and Hospitality Industry
Virtually every job in the U.S. leisure and hospitality industry is at risk of being lost at least temporarily as more states order people to stay home.
COVID-19: March Unemployment Report Could Show 2 Million Jobs Lost
Early indications are that the Bureau of Labor Statistics unemployment report could show 2 million jobs lost last month.
How Global Supply Chains Can Survive the Coronavirus Pandemic
A new report on global supply chains and the coronavirus pandemic details what firms should have learned and what they need to learn going forward.
Where 1.2 Million High-Profile Layoffs and Furloughs May Come From
One thing that most of America has not come to grasp fully is that the jobs market in America is crumbling, as waves of layoffs have started.
$3.4 Trillion in Potential Lost Wages Has Consumer Confidence in Free Fall
U.S. consumer confidence continues tumbling as the coronavirus spreads across the country.
COVID-19 Could Cost 25 Million Jobs Globally
Before the coronavirus pandemic is stopped, 25 million more people around the world could become unemployed and up to 35 million could join the ranks of the working poor.
German Poll of Business Executives Craters
A survey of German executives suggests that the German economy is speeding into recession. If its business climate is deteriorating, so is that of every nation in the European Union.
The Coronavirus: Innovation Gains Traction During Tumultuous Times
by Catherine Wood, ARK Invest CEO The coronavirus has thrown the markets for a loop, understandably. Half of the solution is understanding the problem, so we are reassured by the universal and unified policy responses…
Consumer Sentiment Sets Another Record Low
Research firm Morning Consult's consumer sentiment index has fallen to a new low again Tuesday as stopping the spread of coronavirus begins to hamper larger chunks of the U.S. economy.
Why S&P Is Warning That the Global Recession Already Has Arrived
If you have been hoping that formal recession calls due to the coronavirus would not be coming, the time for that hope has ended.
How the New Worst Trading Days Since the 1987 Crash Stack Up, and How to Curb the Market Mayhem
What is unfolding in the wake of the coronavirus-induced economic panic is starting to feel like a runaway train. The reality is that the population seems to know that things are going to get…
How States Can Plan for Budgetary Effects of Coronavirus — and Market Swings
By The Pew Charitable Trusts The coronavirus is already affecting state budgets, from pressure on public health systems to revenue losses from canceled events. Lawmakers in states such as California are passing emergency funding measures, while other…