Julia Nix pulled her silver Ford Escape into Traders Village, an 80-acre flea market on the outskirts of San Antonio’s southside, around 8:30 p.m. on Monday, May 4. The place was closed; beyond the pa
In early March, as it became clear that the coronavirus pandemic really wasn’t a hoax but was about to upend American life, I started texting my friend Paul, an investment adviser, about the stock mar
Europe Dispatch: A Continent Reopens A Mile-Long Line for Free Food in Geneva, One of World’s Richest Cities The Swiss city is best known for bankers, watchmakers and U.N. officials. But the virus has
After accounting for the present crisis, the average millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history. Millennials will bear the
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Pay Cuts Become a Tool for Some Companies to Avoid Layoffs “Shared sacrifice” in the white-collar ranks aims to avoid the cost of staffing up again. With no end to the crisis in sight, it is a leap of
More than 38 million Americans have lost their jobs since the outbreak of the COVID-19 pandemic. Stay-at-home orders have ground much of the economy to a halt, prompting trillions in stimulus spending
WASHINGTON — As states begin to reopen from coronavirus-related shutdowns, a wave of unpaid utility bills coming due will not only saddle Americans still out of work with new debt, it could also drive
A Wave of Small Business Closures Is on the Way. Can Washington Stop It? Bipartisan proposals address weaknesses of a hastily passed aid program. Checking a to-go order at Farley’s East in Oakland, Ca
As Reopening Starts, Americans Expect Recovery to Take Years Even those financially unaffected by the coronavirus shutdown don’t foresee a rapid rebound for the economy, a Times survey finds. Jeff Loc
Too Big to Fail: The Entire Private Sector Large parts of financial markets are now being managed by the government. Even if they don’t like it, investors must acknowledge it. Wall Street has rebounde
watch now VIDEO 3:40 03:40 Here's a recap of Fed Chairman Powell's comments on US economic outlook Squawk Box The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Dep
New York (CNN Business) The US stock market stands 4% higher today compared to a year ago, despite the death and destruction unleashed by the coronavirus pandemic. Although more than 80,000 Americans
Grocery prices showed their biggest monthly increase in nearly 50 years last month, led by rising prices for meat and eggs, the U.S. Bureau of Labor Statistics reported Tuesday. U.S. consumers paid 4.
How to Create a Pandemic Depression Opening the economy too soon could backfire, badly. May 11, 2020 By Opinion Columnist Last week the Bureau of Labor Statistics officially validated what we already
Why Economic Pain Could Persist Even After the Pandemic Is Contained Plunging revenue at many businesses, whether they close or not, could ripple through the economy and block a quick return to prospe
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Editor’s note: The Economist is making some of its most important coverage of the covid-19 pandemic freely available to readers of The Economist Today , our daily newsletter. To receive it, register h
E.U. Is Facing Its Worst Recession Ever. Watch Out, World. New forecasts predict a 7.4 percent economic collapse and risks of even worse decline if the reopening triggers a second virus wave. The Louv
Published 7 May 2020 comments Share page About sharing Media caption, No quick return to normality, says Bank of England chief By Szu Ping Chan Business reporter, BBC News The Bank of England has warn
Published 6 May 2020 comments Share page About sharing Image source, Getty Images By Andrew Walker BBC World Service economics correspondent The European Union faces a deep and uneven recession, accor
DO HIGH LEVELS of public debt reduce economic growth? Many economists asked that question after the financial crisis of 2007-09, when bank bail-outs and fiscal-stimulus programmes caused debt-to-GDP r
Outside of Boston, a marketing company is struggling to figure out how to cover its bills. In Indiana, a dance studio is waiting on three emergency-loan applications. In Baltimore, a deli is closed an
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European Slump Is Worst Since World War II, Reports Show The European Central Bank will pay banks to lend money after the economy shrank the most in decades. The worst is yet to come, the eurozone’s t
Editor’s note: The Economist is making some of its most important coverage of the covid-19 pandemic freely available to readers of The Economist Today , our daily newsletter. To receive it, register h
Worst Economy in a Decade. What’s Next? ‘Worst in Our Lifetime.’ U.S. gross domestic product declined in the first quarter, dragged down by the pandemic’s grip in March. Don’t even ask about this quar
The best advice Warren Buffett can offer to young people who want to invest is to learn accounting. Furthermore, he warns investors against obsessing over stock price charts and urges them to focus on
In the wake of the 2007–09 Great Recession, it was hard for people with less-than-perfect credit to secure a mortgage . This stood in stark contrast to the years leading up to the financial crisis, wh
The circumstances of the 2020 market crash might be unique to the coronavirus pandemic, but they lead investors to wonder: Are such drops normal for equity markets, or is this different? (See our upda
Streetwise Oil prices falling below $0 are merely the weirdest illustration of the destruction of demand in the economy April 25, 2020 8:03 am ET Focus in closely and oil prices turned negative this w
The former Fed official makes the case that the economic devastation due to responses to curtail the deadly COVID-19 pandemic warrants a shock-and-awe counter by the U.S. central bank. “Terrifyingly h
Jobless Numbers Are ‘Eye-Watering’ but Understate the Crisis With 4.4 million added last week, the five-week total passed 26 million. The struggle by states to field claims has hampered economic recov
It’s always next to impossible to pinpoint precisely what the stock market has priced into valuations . Although right now, equities strategists would universally agree the market has factored in two
“ ‘It is impossible to overstate the pain that people are feeling now and will continue to feel for years to come... No one who lives through Pandemic 1 will ever forget it.’ ” That’s Bill Gates, Micr
How long would it take you to save for an emergency like the coronavirus? If you’re rich, it would take about two months to save enough to cover four weeks of expenses. If your household makes somewhe
Economy Surveys suggest governments have effectively closed parts of the economy where face-to-face interaction is unavoidable Updated April 23, 2020 1:23 pm ET Business activity in the U.S., Europe a
Jamie Black-Lewis received loans from the Paycheck Protection Program for her two spas, Oasis Medspa & Salon and Amai Day Spa, in Washington state. Many of her 35 employees think they will make more m
Keith Hoodlet