It’s not just restaurants and movie theaters that are eliminating jobs. Small businesses of all kinds are laying off workers.
Author: Paul Davidson, USA TODAY
In sweeping move, Fed will lend to businesses and local governments and extend bond-buying programs
Federal Reserve to lend up to $300 billion to corporations, small businesses, and will buy more Treasuries
Unemployment claims, a gauge of layoffs, may hit record 2.5M this week: Goldman Sachs
Initial claims for unemployment benefits may total record 2.5 million this week as coronavirus outbreak spreads, according to a Goldman Sachs estimate
Former UN ambassador Nikki Haley resigns from Boeing board over company’s bailout request
Nikki Haley, formerly the governor of South Carolina and US ambassador to the UN, has resigned from Boeing’s board over the company’s bailout request
Fed to bolster money market funds amid stresses caused by coronavirus impact
The Fed will lend to financial institutions to ease strains among money market mutual funds as redemption demands increase.
A recession has probably begun. How bad will a coronavirus-triggered downturn be?
The coronavirus almost certainly has already triggered a recession. How bad will it be? And how long will it last?
What kind of stimulus should Congress pass to rescue the economy?
Economists say a massive stimulus is needed to rescue the economy from the effects of the coronavirus.
Fed cuts rate to zero, launches more bond purchases in historic moves to fight coronavirus
Fed cut rates to near zero, launches bond purchases to pump cash into financial system and encourages bank loans to combat the coronavirus’s impact.
Economists applaud coronavirus relief package passed by House but say more is needed
Economists say the coronavirus relief bill passed by the House will help the most vulnerable but more is needed to keep the US out of recession
As coronavirus spreads, businesses announce nearly 900 layoffs and the total could rise sharply
Firms have announced nearly 900 layoffs due to the coronavirus. The total could rise rapidly, says outplacement firm Challenger, Gray and Christmas