Could electricity consumption during coronavirus predict the depth of a recession?
As the coronavirus situation evolves rapidly, energy consumption could help economists keep track of the changing economic situation.
Kudlow hopeful coronavirus-sidelined economy will reopen in 4-8 weeks
White House economic adviser Larry Kudlow says the Trump administration is working on a plan to make that happen.
500,000 coronavirus small business loans approved so far, Kudlow says
White House economic adviser Larry Kudlow said he’s hoping loans for small businesses will help the U.S. economy “reopen” from the coronavirus pandemic contraction in just a matter of weeks.
CARES Act will blunt coronavirus-inflicted economic pain, study finds
Without its passage, the U.S. economy would have contracted at an annualized rate of 37 percent
What caused the financial crisis in 2008?
The worst financial crisis since the Great Depression was triggered by overheating in the housing markets
Powell expects 'robust' economic recovery from coronavirus downturn
Powell said policymakers at the U.S. central bank are committed to using the full scope of their vast powers to support the economy.
Unemployment claims swell to 6.6 million as coronavirus paralyzes US economy
Economists surveyed by Refinitiv expected the number of initial claims for state unemployment benefits to hit 5.25 million.
Large-scale debt cancellation during coronavirus pandemic 'unthinkable,' ECB's Lagarde says
Former ECB chief Mario Draghi has called for corporate debt cancellations.
Fed to hold interest rates near zero until US weathers 'recent events,' minutes reveal
The central bank on Wednesday released minutes from two emergency meetings, held on March 2 and March 15.
April rent not paid by nearly a third of US apartment tenants
Only 69 percent of tenants paid any of their rent between April 1 and 5.
Biden says economic damage from coronavirus crisis could ‘eclipse’ Great Depression
The Democratic presidential frontrunner, however, said the crisis could create an opportunity for the next president to make major structural changes.
Senate Democrats propose $25K coronavirus hazard pay for essential workers
The Democrats’ proposal, the so-called Pandemic Premium Pay, would offer up to $25,000 for workers earning less than $200,000 per year
US economic output plunges by 29% as coronavirus forces widespread shutdowns
Restaurants, bars, hotels, gyms, beauty salons, entertainment venues and other businesses deemed non-essential have been ordered to close.
Mnuchin: Trump looking at how parts of US economy can be reopened
The coronavirus pandemic has forced an unprecedented shutdown of businesses throughout the country.
Pelosi says fourth coronavirus stimulus package could cost $1T
There’s growing consensus among lawmakers that they will need to act again to expand relief efforts to workers and businesses.
Small-business confidence in US economy dropped in March: NFIB
Economists look to the report for a read on domestic demand and to extrapolate hiring and wage trends in the broader economy.
Consumer expectations plunge as coronavirus drags on economy, New York Fed finds
The report was conducted between March 2 and March 31, when jurisdictions across the country directed millions to stay at home
Kudlow says US economy could 'snap back' from coronavirus crisis
Kudlow said the economy could begin to recover within a four- to eight-week period.
Coronavirus crisis shows need for wealth tax, basic income, Financial Times editorial argues
The economic lockdown, according to the Financial Times editorial board, has disproportionately impacted “already worst off” individuals
States could receive federal funding to expand unemployment benefits this week
In the final two weeks of March, nearly 10 million Americans filed for unemployment benefits.