Please ensure Javascript is enabled for purposes of website accessibility
Don't miss

Tag Archives: coronavirus economic effect

Trump says he intends to reopen country in weeks, not months

As cases of coronavirus rise, President Donald Trump said that he wants to reopen the country for business in weeks, not months, and claimed, without evidence, that continued closures could result in more deaths than the pandemic itself. “We can’t ...

Read More »

Federal Reserve to lend up to $300B to businesses, cities

In a series of sweeping, aggressive steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday is part of the Fed’s ongoing efforts to ...

Read More »

US, Europe lock down; Asia urges virus vigilance

As millions of people in Europe, the United States and beyond began holing up at home, stocking up on supplies and keeping a wary eye on how close they get to friends and neighbors, the coronavirus outbreak marked a distinct ...

Read More »

As virus seizes markets, it’s no longer business as usual

Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. A host of retail chains have shut their doors or diminished hours of business. Banks are taking steps to keep cash ...

Read More »

States turn to cash reserves as coronavirus strains budgets

States across the U.S. are allocating hundreds of millions of dollars to respond to the coronavirus, even as the U.S. government prepares to send billions more their way. Many states have built up sizable stockpiles in their “rainy day” funds ...

Read More »

Virus could test Latin America’s already ailing economy

For years, Dionisio Romero has relied for his livelihood on a magenta-colored dragon fruit that is wildly popular in Asia, planting dozens of the spindly trees at his farm near Ecuador’s Pacific coast. But as the coronavirus wreaks economic havoc ...

Read More »

To gauge economic damage from virus, watch for US jobs data

Companies and consumers have scrapped travel plans, and factories have endured broken supply chains from the coronavirus outbreak. If employers were to respond by slashing jobs, it would significantly escalate the economic damage. For that reason, a range of job ...

Read More »

U.S. businesses add 183K jobs in sign of pre-virus health

U.S. businesses added 183,000 jobs last month, a solid gain that shows the economy was largely healthy when the coronavirus outbreak spread further around the globe. Payroll processor ADP said Wednesday that February’s hiring was down from 209,000 in the ...

Read More »

Disinfecting wipes, conference calls: Wall Street winners

Stay indoors and stay clean. That’s what Wall Street is betting people around the world will do given all the fears about a rapidly spreading virus. As stock markets tumble on worries about how much COVID-19 will harm people and ...

Read More »