Oh what a difference six months can make. A half a year ago the unemployment rate was making the headlines for the “right” reasons. In September the unemployment rate in the U.S. hit a 50-year record low of 3.5 percent. This was widely reported as...
The former chairman of the Federal Reserve, Ben Bernanke, said he thinks the coronavirus-influenced recession will be a short one, and recovery will happen quickly, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Canadian Federation of Independent Business (CFIB)’s latest Business Barometer indicated that small business confidence dropped to a new historic low with the impacts of the coronavirus pandemic. The national confidence level dropped an additional 19 index points from last month’s following a 10-point decline...
Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond will likely get a lot tougher, as business spending pulls back, shutting down tailwinds of near-term (and even long-term) growth....
One of the first Federal Reserve reports to measure the U.S. economy since the coronavirus pandemic began is pointing to a grim future. The Philadelphia Federal Reserve’s March Nonmanufacturing Business Outlook Survey showed steep declines Tuesday (March 24) in most data points, with three of...
Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
U.S. Treasury Secretary Steven Mnuchin said on Wednesday (March 18) that the country won’t see Depression-like unemployment levels, walking back his previously reported comments that joblessness could hit 20 percent unless Congress acts. Get the Full Story Complete the form to unlock this article and...
In the world of credit, in the scramble to shore up at least some financial stability by filling corporate coffers for the deluge of rainy days now here, size matters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. Get the Full Story...
