White House Economists Warned in 2019 a Pandemic Could Devastate America
A study published last fall went unheeded. One of its authors now says economic shutdowns to fight the coronavirus could last up to eight months.
View Article‘Never Thought I Would Need It’: Americans Put Pride Aside to Seek Aid
With coronavirus-related job losses, many workers are reluctantly seeking charity and unemployment benefits for the first time in their lives.
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Businesses in a cash crunch could consider Chapter 11
By James D. Silver and Andrew Kamensky These are unprecedented times. Several nations are on lockdown, social distancing is the norm, and the financial markets are in turmoil as both individuals and...
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South Florida company replacing Macy’s in S&P 500
Iconic retailer Macy’s was already struggling before the pandemic and now it’s going to be removed from the Standard & Poor’s 500, S&P Dow Jones Indices announced in a press release. The lobby...
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Governor issuing statewide stay-at-home order
Florida Gov. Ron DeSantis had resisted issuing a statewide stay-at-home order, but finally gave in on Wednesday. He announced he would be issuing an order later in the day, just a day after once again...
View ArticleNotion, Maker of Collaboration Software, Raises $50 Million
While many start-ups grapple with the fallout from the pandemic, this San Francisco company raised more cash to survive.
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Automotive dealers go virtual
Automotive dealers and repair shops can stay open as essential businesses during the pandemic, but it’s far from business as usual. While job loss or job insecurity may keep some buyers out of the...
View ArticleWhy State and Local Debt Is Fraught Territory for the Fed
The central bank is weighing what it can do to help local bond markets. Here’s why Democrats’ big ask — direct purchases — is so tough.
View ArticleCuomo Is a Media Hero in the Pandemic. De Blasio Is a Scapegoat.
The mayor of New York, who is often disdainful of the media, has become an irresistible punching bag.
View ArticleTrump Rebuffs Demands to Lift Tariffs as Economy Falters
The calls by corporate leaders have intensified as the coronavirus inflicts financial pain, but President Trump has argued that the levies do not hurt American companies.
View ArticleRetailers Under Growing Pressure to Let Workers Wear Masks
Restrictions that follow current C.D.C. guidelines have become a source of tension at many stores supplying essential goods during the coronavirus pandemic.
View ArticleSoftBank Won’t Buy $3 Billion in WeWork Stock
The move is a blow to shareholders like Adam Neumann, the company’s co-founder, and venture capital firms that had hoped to cash out of the troubled office space company.
View ArticleAbout 2 Million Guns Were Sold in the U.S. as Virus Fears Spread
A New York Times analysis shows that March was the second-busiest month ever for gun sales, fueled by worries over the coronavirus.
View ArticleHome Depot Halts Sales of N95 Masks Amid Shortage, Company Says
The retailer said it had redirected shipments of the masks to health care providers and emergency responders.
View ArticleReal Estate Spring Buying Season Could Be “Catastrophic"
A strong start to the year for property sales in Manhattan was erased by the coronavirus outbreak.
View ArticleCoronavirus Is Making the Public Pension Crisis Even Worse
The pandemic has handed the funds big losses after they ramped up their appetite for risk over the past decade.
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Four considerations when coronavirus makes you a trustee
By Jason Domark At the time of writing, reports show coronavirus cases have topped 216,000 in the U.S. and are nearing 1 million worldwide. The highest percentage of those worst affected are seniors....
View ArticleMIA closes some concourses
Miami International Airport’s E, F and G concourses have been temporarily closed amid the slump in airline traffic, the Miami-Dade Aviation Department said on Thursday. While the U.S. government has...
View ArticleHow Jerome Powell’s Unconventional Career Path Prepared Him for This Crisis
His winding career path now seems to be a strength, not a weakness.
View ArticlePredictions for the Coronavirus Stock Market
A Nobel laureate is cautiously positive about the market for the long run but worries about how long that will need to be.
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