In a series of tweets, entrepreneur Mark Cuban has called for a sea change in federal government policies to address the COVID-19 pandemic, on both the medical and economic fronts. He said the federal Paycheck Protection Program (PPP) has fallen short because “no amount of...
Federal Reserve Chairman Jerome Powell, speaking on “60 Minutes,” said an economic recovery could take as long as another year and a half, but he said he believes the economy could begin recovering as early as the second half of this year. Get the Full...
The New York Yankees are looking at a shortfall of $312 million if this year’s Major League Baseball (MLB) season ends up going forward with no fans in the stadium. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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....
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...
