The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross domestic product (GDP) in the January-March quarter, according to a report in the Associated Press (AP) on Tuesday (April 28)....
French Prime Minister Edouard Philippe said that nonessential merchants could open again beginning May 11, but they will be able to require that customers wear masks, Reuters reported. Philippe also said per the report that limitations would remain for train travel of long distances and that Paris...
Starting last week, the COVID-19 stimulus funds began hitting the bank accounts of citizens nationwide. All in, the $290 billion program – part of the $ 2 trillion CARES Act that was passed earlier this month – will send $1,200 per adult and $500 per child...
Texas, Ohio and New York are among the states joining Georgia over the next several weeks in reopening parts of their operations during the coronavirus pandemic, according to The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and...
The U.S. economy could face a historic shock amid the coronavirus pandemic, with a possible 16 percent unemployment rate, hitting levels aligned with the Great Depression from 1929 to 1939, according to a CNBC report. Get the Full Story Complete the form to unlock this...
As individuals consider COVID-19 and the potential of the economy reopening again, American consumer sentiment dropped for the third consecutive month per University of Michigan data. The consumer sentiment index dropped to 71.8 in April compared to forecasted result of 67, CNBC reported. Get the...
After previously indicating that he supported increased tax rates but was against a wealth tax concept, billionaire investor Leon Cooperman said in a televised interview that the coronavirus emergency will “likely” change capitalism permanently and taxes will need to be increased before long, according to...
The coronavirus pandemic continues to rock the country, as another 4.43 million Americans applied for unemployment benefits in the week ending April 18, the U.S. Labor Department reported on Thursday (April 23). That brings the total number of Americans who’ve filed for unemployment to about 26 million...
At the start of 2020, things looked incredibly bright for the residential remodeling industry as a whole — unemployment was at 30-year lows, consumer confidence was at an all-time and bookings had healthy backlogs growing year-on-year. The year started with all the right elements in...
