COVID-19

COVID-19 is caused by a coronavirus called SARS-CoV-2. Older adults and people who have severe underlying medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness.

Source: cdc.gov

US Pending Home Sales Drop Almost 21 Pct As Buyers Stay Home

US Pending Home Sales Drop Almost 21 Pct As Buyers Stay Home
US Pending Home Sales Drop Almost 21 Pct As Buyers Stay Home
April 29, 2020  |  Real Estate

Pending single-family home sales fell by nearly 21 percent in March compared to February as the economic impact of COVID-19 took its toll on the...

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Powell: Low Rates Stay Until Economy Is On ‘Road To Recovery’
Powell: Low Rates Stay Until Economy Is On ‘Road To Recovery’
April 29, 2020  |  Economy

Federal Reserve Chairman Jerome Powell said Wednesday (April 29) that the Fed will “not be in any hurry to withdraw [monetary stimulus] … until we’re...

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Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
April 29, 2020  |  News

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped...

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Study: Economic Damage Would Be Worse Without Lockdowns, Social Distancing
Study: Economic Damage Would Be Worse Without Lockdowns, Social Distancing
April 29, 2020  |  Economy

A new study reveals that government-imposed shutdowns and social distancing could cut the economic impact of COVID-19 in half. Get the Full Story Complete the...

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Lyft Lays Off 982 Employees, Furloughs 288, Cuts Exec Pay
Lyft Lays Off 982 Employees, Furloughs 288, Cuts Exec Pay
April 29, 2020  |  Ridesharing

Lyft, the San Francisco-based ridesharing company, has laid off 17 percent of its workforce and imposed salary reductions for executives for three months, CNBC reported....

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Many US Restaurants Say PPP Loans Don’t Meet Their Needs
Many US Restaurants Say PPP Loans Don’t Meet Their Needs
April 29, 2020  |  Loans

An industry trade group said it’s highly likely that many restaurants will return loans from the U.S. Small Business Association’s (SBA) bailout program, the Financial...

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Deliveroo To Lay Off 15 Pct Of Staff Amid COVID-19
Deliveroo To Lay Off 15 Pct Of Staff Amid COVID-19
April 29, 2020  |  Gig Economy

Deliveroo announced it was laying off 367 employees and furloughing 50 — roughly 15 percent of its staff of over 2,500 — as it battles...

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Digital Retail Shift Faces Growing Pains
Digital Retail Shift Faces Growing Pains
April 29, 2020  |  Retail

Now that the digital shift is well underway, the attention turns to keeping the momentum going. New developments are focusing on supply chain, government activity...

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