by Jim Heath | Mar 30, 2020 | coronavirus, Economy, Headlines, Health
Unemployment could skyrocket to a record high as the coronavirus pandemic puts millions of Americans out of work, according to a study from the Federal Reserve Bank of St. Louis. As many as 47 million Americans could be subject to layoffs in the second quarter, which...
by Jim Heath | Mar 27, 2020 | coronavirus, Economy, Headlines, Health
Congress and President Trump today enacted a historic $2 trillion stimulus bill to address the dramatic economic crisis caused by the coronavirus pandemic. Included are direct payments to many Americans, an unprecedented expansion in unemployment benefits and $350...
by Jim Heath | Mar 23, 2020 | coronavirus, Economy, Entertainment, Headlines, Health
Hollywood’s theater owners, film distribution executives, analysts and writers who pore over the numbers each week are reckoning with a full stop. As of last Friday — and for the first time in the 100-plus year history of the motion picture business — virtually...
by Jim Heath | Mar 20, 2020 | coronavirus, Economy, Headlines
Goldman Sachs has issued a grim forecast, predicting that U.S. gross domestic product will plummet by 24 percent in the second quarter of this year, by far the largest drop since detailed records have been kept. The investment banking giant issued its revised forecast...
by Jim Heath | Mar 16, 2020 | coronavirus, Economy, Headlines, Health
The U.S. stock market today plunged 12 percent for its worst day in more than three decades as voices from Wall Street to the White House said the coronavirus is likely dragging the economy into a recession. The S&P 500’s drop means it has plummeted nearly...
