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.
On Wall Street, some optimism penetrates the coronavirus uncertainty
Stocks rallied this week as Washington acted to provide $2.2 trillion of relief to an economy shocked by the coronavirus outbreak.
Trump weighs rolling coronavirus quarantines
Trump could keep heavily infected hotspots like New York City shuttered for longer than areas that are only minimally affected.
Coronavirus appointment: Trump names Peter Navarro Defense Production Act coordinator
Navarro’s appointment came the same day the White House announced that Trump had invoked the wartime law to require General Motors to prioritize ventilator production.
Trump signs $2T coronavirus relief package
Americans may see direct payments of up to $1,200 within three weeks.
Coronavirus stimulus deal includes rewards for special interests groups, lawmakers' home states
The House on Friday passed the $2 trillion bill, the largest relief plan in recent memory
Mnuchin: Small business relief in coronavirus stimulus bill could keep half of Americans at work
Businesses with fewer than 500 employees are eligible for the loans, which can be used for payroll and other expenses, like insurance premiums.
Big cruise-ship lines wouldn't qualify for aid under stimulus package
The cruise industry was among the first to take a public hit from the virus.
US economy grew at 2.1% rate in fourth quarter
The Commerce Department said Thursday in its third and final look at the fourth quarter that growth was unchanged from its previous estimate.
Fed's Powell says US economy may already be in a recession
Powell said that a rebound from a coronavirus-induced recession will likely be "solid."
Coronavirus economic recovery will take 'weeks and months, not years:' Kudlow
Trillions in stimulus will hasten the economy's recovery from the coronavirus pandemic's side effects, according to Larry Kudlow.


















