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.
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.
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"You're looking at something minus 20 to minus 30 in the second quarter," Kevin Hassett predicted.
CEO Dave Calhoun predicted it will likely take several more years after 2021-2022 before long-term growth trends recover to 2019 rates.
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.
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Treasury Secretary Steve Mnuchin offered a more optimistic assessment, saying that the economy would "really bounce back in July and August."
Pelosi asked where so-called "fiscal conservatives" were when Trump and Republicans gave tax cuts to "the wealthiest 1 percent of Americans" in 2017.
NewsGuard's Misinformation Monitor tracks misinformation with exclusive data from five countries. Here's the April 2020 edition.
The reviews of what should happen next as Texas slowly reopens its economy are mixed, with some businesses ready to hit the ground running, and others wanting to wait and see if COVID-19 comes back in a second devastating wave.
In the past five weeks, 26.4 million people have filed for unemployment nationwide due to the economic fallout of the coronavirus pandemic.
Brazilian steakhouse chain Fogo de Chão is one of many businesses under fire for accepting loans intended to help small businesses stay afloat during the coronavirus pandemic.
U.S. oil prices went negative on Monday for the first time in history, as the market battled with a coronavirus-driven lack of demand, over-supply and limited storage options.
Two workers rights groups say Amazon hasn't released "a comprehensive health and safety plan" for its facilities and workers, leaving workers potentially exposed to the virus.
U.S. energy trading experts said Monday's first-ever oil futures crash below $0 does not mean that Americans will suddenly be paid to fill up their cars' gas tanks.
On Monday, prices on the May contract for West Texas Intermediate crude futures fell to their lowest point since March 1999.
In his weekly round-up of business and economic news, Newsweek editorial director Hank Gilman gives the lowdown on AOC vs. Cramer, pharma shortages and the future of shopping
The International Monetary Fund said the global economy is set to suffer the worst financial crisis since the Great Depression this year as governments worldwide deal with the coronavirus pandemic.