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Larry Summers says the US relief package would be hard to execute by the most competent government, calling the US government one ‘run like a hi...
The former US Treasury secretary and World Bank economist Larry Summers predicts who will be hurt and how much and suggests how to quickly recover.
The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing ...
Over 10 million Americans filed for unemployment in March. Macy's, Marriott, buzzy startups, and more contributed to that record-breaking number.
Small business optimism falls by the most ever in March, ending a record run as coronavirus worry sets in
"Many owners have had to close their doors and others are scaling back operations dramatically," said NFIB chief economist William Dunkelberg.
UBS: Nearly $1 trillion in mortgage debt could be delinquent this year as a ‘prolonged credit crunch’ looms
The bank's consumer credit health gauge hit its worst reading since 2009 in the first quarter due to rising unemployment and worsening sentiment.
The United Nations just said that coronavirus could wipe out the equivalent of 195 million jobs worldwide
That's a 7% drop in global working hours this quarter, a UN labor agency says, with 30 million jobs lost in the first quarter of 2020 alone.
The private equity chief said the pandemic is "putting stress on everything."
China and other Asian countries' success in dealing with COVID-19 can offer lessons to the West, JPMorgan said in a note on Tuesday.
The world's third-largest economy will deploy the funds to provide security and protect jobs for its people.
Boris Johnson tested positive for COVID-19 and is being treated in the ICU. Experts explain the possible fallout of other world leaders catching the c...
Experts weigh in on the social, political, and economic effects of a world leader contracting COVID-19.
The Fed will start buying debt backed by emergency small-business loans — giving banks more leeway to offer critical aid
The Fed's new program will allow banks to sell their small business debt and shore up cash for additional relief lending.