As the pandemic quickly transformed the labor market, layoffs in the U.S. surged to an all-time high in March. The count of individuals resigning from their positions fell to the lowest level in four and a half years, Reuters reported. Get the Full Story Complete...
Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is expected to drop by nearly 43 percent in the second quarter, CNBC reported. Get the Full Story Complete the form...
A recent economic survey forecasts that 42 percent of layoffs will bring about permanent job losses. In a televised interview on CNBC, University of Chicago Booth School Professor Steven Davis pointed to the airline industry as one example of job losses that won’t be temporary....
House Democrats made the case for a $3 trillion coronavirus stimulus package Friday (May 15), as White House and GOP leaders said they oppose what would amount to the largest emergency spending bill in the nation’s history. Get the Full Story Complete the form to...
Live concert tickets, already rising in recent years amid monopoly-related fears, could see even more expensive turns if smaller companies and venues are shut out due to the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
While the entire travel industry has suffered as a result of the global pandemic, amusement parks in particular have felt the sting sharply as social distancing requirements have stopped their rides, shut their gates and left their future uncertain. Get the Full Story Complete the...
A dire prediction from OpenTable forecasts a quarter of American restaurants will close permanently due to the financial turmoil from the coronavirus pandemic, according to a Bloomberg report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The pandemic is upsetting everyday life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use. Universities, in one case, are providing reimbursements to students. Get the Full Story Complete the form to unlock this article and...
Estimating a loss of $915 million in the second quarter, Starbucks is asking landlords of all of its stores to pardon it for at least a part of rent for the next year, according to a CNBC report. Get the Full Story Complete the form...
