BUSINESS
U.S. Job Losses Due to Coronavirus Likely to Set Country 'Back Two Decades'
"At the high end, we will have returned to a level of employment last experienced in the mid-1990s," economist Elise Gould wrote.
EU Economy Will Shrink by Historic Amount, Marking Its Deepest Recession
"Both the depth of the recession and the strength of recovery will be uneven," the EU's economy commissioner said.
The Best Infection Prevention Products
During the coronavirus outbreak, health care is more important than ever. In Newsweek's first Best Health Care series, we highlight the best infection prevention products.
Trump Adviser Predicts 'Worst Unemployment Rate' Since Great Depression
"My guess right now is that it's going to be north of 16 percent, maybe as high as 19 or 20 percent," Kevin Hassett said.
Coronavirus Scams Cost Americans $23 Million, FTC Says
Americans in all 50 states have reported more than $23 million in losses due to coronavirus scams, according to the Federal Trade Commission.
The Best May Deals and Sales for Mother's Day, Memorial Day and more
Year after year, retailers offer deals on athletic apparel and footwear to entice us to get out and get fit. We celebrate Pet Week with our furry friends, and we have Mother's Day and Memorial Day sales; two reliable opportunities to save big.
Why the U.S. Economy May Never Be the Same Again After Coronavirus
It will take years before the economy is at pre-pandemic levels again.
Stimulus Check Isn't Enough? Here Are Five Ways to Come Up With Extra Cash
If you're struggling financially as a result of the COVID-19 outbreak, these five options can help you find extra income or additional funds to help pay your bills and basic living expenses.
On the Street: Unemployment, Warren Buffett... and Jane Bryant Quinn
Why many folks aren't getting paid, Warren Buffett's annual meeting and investing advice from Jane Bryant Quinn.
Warren Buffett Says Buying Airline Stocks a 'Mistake' During a Pandemic
Billionaire investor Warren Buffett's company sold off stocks in four major U.S. airlines. During an annual meeting Saturday through a live-stream, he called the investments during a pandemic "a mistake."
Shell Faces 'Crisis of Uncertainty,' Says CEO Amid Historic Oil Slump
The Anglo-Dutch energy giant said its Q1 net income had fallen by 46 percent as the industry grapples with a fall in oil demand driven by the coronavirus pandemic.
Coronavirus Pandemic Forces Small Businesses to Close for Good
Small businesses, particularly mom-and-pop restaurants, have been hit hard during the COVID-19 pandemic and many of those have closed their doors for good.
Up to 14 Million Americans Shut Out of Unemployment Benefits
For every 10 Americans who successfully filed unemployment claims during the coronavirus pandemic, at least three or four more have been unable to register due to rampant state-by-state technological problems.
Inside the Next Phase of the Bill and Melinda Gates Foundation
Q&A with Mark Suzman: Next Up For The Bill and Melinda Gates Foundation.
Why the Coronavirus Pandemic is Philanthropy's Big Moment
Why charities like the United Way are built to tackle Covid-19
Buffett/Gates: Their "Giving Pledge" is 10 years old. Is it a Success?
More Than 200 billionaires promised to donate a majority of their wealth since the Buffet/Gates "Giving Pledge" launched 10 years ago. Is that a success?
Trump Adviser Says US Will See 'Biggest' Drop In GDP Since Great Depression
"You're looking at something minus 20 to minus 30 in the second quarter," Kevin Hassett predicted.
Boeing Says Air Travel Won't Return to 2019 Levels for Two to Three Years
CEO Dave Calhoun predicted it will likely take several more years after 2021-2022 before long-term growth trends recover to 2019 rates.
Nearly 350,000 People in Nevada Have Filed for Unemployment, Sets State Rec
Around 350,000 Nevada residents have filed for unemployment benefits since the start of the coronavirus pandemic, doubling jobless numbers seen during the Great Recession and setting an all-time state record.
On the Street: Mitch, Potbelly, Texas Smart…and Midnight Oil! | Opinion
Column: Mitch McConnell takes on Blue Nation.
Advice to the Class of 2020 from People Who Graduated in the Last Recession
Seven tips to help this year's college seniors succeed from experts who got their own degrees during the Great Recession and other crises—and made out just fine anyway
Bank of America CEO: Economy Won't Fully Rebound Until 'Late Next Year'
Treasury Secretary Steve Mnuchin offered a more optimistic assessment, saying that the economy would "really bounce back in July and August."