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...
Wholesale change — the type that leads to seismic shifts, upending daily life across the way we travel, eat, live, work — always comes when a tipping point is reached, when the “old” way of doing things no longer makes sense, or is no longer...
The COVID-19 pandemic has upended millions of consumers’ lives, be it through health complications, job loss, stay-at-home orders or a more general anxiety about what the future holds as consumers across the United States share in the experience of being stuck at home. Get the...
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....
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...
