Economics

As many as 25,000 stores could close in the US this year, according to a new report from Coresight Research. Coresight, which had previously forecasted around 15,000 closings for the year, updated its estimate on […]

(Bloomberg) — In the first few weeks of the pandemic, it was just a trickle: companies like Alaskan airline Ravn Air pushed into bankruptcy as travel came to a halt and markets collapsed. But the […]

The number of Americans struggling to make ends meets continues to grow, even as the economy begins to restart after virtually shutting down to slow the coronavirus pandemic. About 2.1 million Americans filed initial unemployment […]

U.S. equity markets surged to their best levels in months as states continued to reopen and traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to […]

The US has been hit by an unprecedented wave of unemployment since the start of the coronavirus pandemic. Nearly 39 million Americans have filed new unemployment claims and the unemployment rate has hit a staggering […]

A field hospital set up in Brooklyn specifically for coronavirus patients is now being dismantled without having served a single patient, The City reported. As New York City quickly became the global COVID-19 epicenter, city […]

(Bloomberg) — The U.S. jobless rate may still be in the double digits when President Donald Trump stands for re-election in November, said a White House economic adviser and a regional Federal Reserve president. While […]

Layoffs fueled by the coronavirus pandemic continue to mount. About 2.4 million Americans filed initial unemployment benefit claims last week, the Labor Department said Thursday, as the health and economic crisis sparked by the coronavirus […]

House Speaker Nancy Pelosi on Saturday called for Veritas, one of San Francisco’s biggest landlords, to return a $3.6 million Paycheck Protection Program loan that was intended to help small businesses cover expenses and retain […]

Plunging prices have wreaked havoc on Texas companies struggling to avoid a wave of bankruptcies that has ravished the industry during the past five years, leaving them ripe takeover targets for rivals from China and […]