The U.S. Federal Reserve analysts said the unemployment rate may soar past 32 percent and the coronavirus freeze on the economy could cost 47 million Americans their jobs.
Democratic presidential candidates Joe Biden and Bernie Sanders joined state lawmakers in New York and California in calls to freeze and forgive rent payments, as millions of Americans struggle to make ends meet under coronavirus lockdown.
NewsGuard's Misinformation Monitor tracks misinformation with exclusive data from five countries. Here's the latest edition.
Kirill Dmitriev, the CEO of the Russian Direct Investment Fund, said multinational action is required to rebalance the coronavirus-striken world economy.
"The question is, is it going to be short? Or is it going to be elongated?" Mike Wilson asked.
In normal times, getting laid off is stressful. But now, amid the coronavirus pandemic, it's a nightmare. These steps will help ease the financial strain, from navigating unemployment benefits to getting a break from creditors.
Coronavirus has throttled the travel industry, meaning airlines have to find somewhere to store hundreds of disused aircraft.
"In addition to federal action, lawmakers at the state and local level must do everything they can to ensure that these workers and their families do not suffer economically during this time," the EPI researchers noted.
The collapsing price of oil is forcing some North American producers to the brink of bankruptcy, prompting calls for government assistance.
Traveler numbers have plummeted since President Donald Trump declared a national emergency on March 13.
Boeing and major U.S. carriers are struggling with the turmoil wrought by coronavirus and are pushing for lawmakers to bail them out.
J. Kyle Bass, who predicted the 2008 housing market crisis, said the stock markets should be closed to keep people from making emotional decisions with their money.
"As recession forecasts proliferate, it's not necessarily true that all areas will be hit equally hard," a new analysis by the Brookings Institution noted.
Prior to the pandemic, the U.S. was already expecting a budget deficit of about $1 trillion for the current fiscal year.
Steve Mnuchin laid out how Americans are likely set to receive more than $2 trillion in economic stimulus funds that the federal government is dispersing as a "bridge to get through" coronavirus shutdowns.
As the blow to the economy from the spread of COVID-19 becomes apparent, it's important to take steps now to protect your family's finances and prepare for what lies ahead. Here's what you need to know and do now.
Fifteen economists said they expect the economy to shrink sharply in the second quarter because of the coronavirus outbreak, ending the longest expansion in U.S. history.
The 'Real Time' host made a case for ending the cruise ship industry Friday night in an unusually quiet show with no live studio audience due to the virus.
As the coronavirus outbreak empties offices, here are some of the best tech productivity tools for working from home.
Oil markets have been thrown into turmoil by a slowdown in demand caused by coronavirus and a stand off between Moscow and Riyadh.