Second round of coronavirus stimulus coming and small biz loans, payroll taxes likely to be focus
Wall Street executives briefed on the government’s efforts say while the exact details of the next round of the stimulus remain unclear, the various political factions involved in the process have reached an unofficial consensus.
Coronavirus layoffs inspired this business to help women dress for job success
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March jobs report won’t capture coronavirus's full damage to US economy
The forecasts are far less bleak than the picture painted by the record-shattering jobless claims.
Companies hammered by coronavirus pandemic look to drop 401(k) matches
Depending on the employer’s 401(k) plan, contributions to the retirement savings account could be matched (up to a certain point of their salary) by the employer.
Unemployment claims spiked to new record last week, with 6.6M Americans filing for aid
Economists expected the number of Americans filing for unemployment to top 3 million as the virus outbreak leaves the economy reeling.
US weekly jobless claims seen at record high - again
Claims are expected blow past the previous week's record 3.3 million
Fed's Bullard optimistic on coronavirus recovery in fourth quarter: 'We'll be in full throttle again'
Bullard’s comments follow a bleak analysis by St. Louis Fed economists, which projected that unemployment could hit 32 percent in the second quarter.
Private sector sheds 27,000 jobs as coronavirus ripples through US economy
The coronavirus crisis has forced businesses big and small across the country to close their doors in an attempt to mitigate the disease's spread.
Japan's business mood hits 7-year low as virus revives deflation specter
Analysts warn firms are yet to fully factor in the coming business hit from the pandemic
Coronavirus-induced recession poses lowest risk to East Coast, Midwest cities
According to a new report by Redfin, affordable East Coast and Midwest cities have the lowest overall economic risk in the 2020 recession that began in March as a result of the coronavirus.
US economy's recovery from coronavirus could be stunted by excessive corporate borrowing, Janet Yellen says
The borrowing spree happened because regulators had “few, if any” tools to rein it in and because low interest rates made it easier for companies to borrow, she said.
Small business loans under coronavirus stimulus bill: What applicants need to know
The Paycheck Protection Program, is designed to get cash in the hands of struggling small businesses and incentivize them to keep staff on payroll.
Coronavirus-triggered recession likely to be deeper than 2008 financial crisis, analyst says
A "sizable and aggressive policy response" could limit the impact of the recession, the economists said
Rubio: China hid coronavirus data, leading to 'faster and further' spread
Florida senator said that rather than take the necessary steps to alert the world to COVID-19, China withheld pivotal information.
Coronavirus job losses could hit 47M, unemployment rate may surge to 32%, St. Louis Fed says
Economists surveyed by Refinitiv expect the economy shed 100,000 jobs in March, the first losses in almost 10 years and bringing to end a record 113-month-long streak of payroll creation.
What does the coronavirus stimulus package mean for restaurants?
As of February, the industry employed more than 12 million people.
Coronavirus pandemic could slash economic activity, OECD says
OECD economists estimated that total annual output would drop by 6 percent in the developed economies if the unprecedented containment policies implemented by governments last for three months,.
Mnuchin says coronavirus relief instructions for small businesses set to be released Monday
A key piece of the largest relief bill in recent memory is the $350 billion in funding for small businesses.
America’s make-or-break week
The bills are now coming due for big companies and millions of laid-off workers. Decisions made in the next few days will shape how coronavirus impacts the economy.
Coronavirus-free counties mostly rural, poor
More than a third of U.S. counties have yet to report a single positive test result for COVID-19 infections, an analysis by The Associated Press shows.


















