GDP to shrink 9.5 per cent this year – less severe than the 14 per cent which had been forecast – but Bank warns of surge in unemployment amid ‘unusually uncertain’ outlook
The Paycheck Protection Program provided respite for hard-hit small businesses, but it is ending soon. With no word on further government help, owners worry about their fate.
Nearly 1.2 million filed for state benefits last week, the lowest total since March, as economic readings offer only limited encouragement.
Uber said revenue fell 29 percent in the second quarter because people traveled less, but food deliveries soared.
The Tennessee Valley Authority rehired more than 100 employees just three days after President Trump singled out the federally owned utility for outsourcing those jobs and blasted its CEO over his “ridiculous” pay package.
The administration said President Trump issued the order to plug gaps in the medical supply chain that have been revealed during the coronavirus crisis.
Three former board members at German car manufacturer Audi, along with a retired manager have been charged with fraud, criminal advertising and indirect false certification for their part of the “dieselgate” scandal.
Former Spanish King Juan Carlos is dogged by allegations of corruption and has gone into exile. His move has triggered a public debate about whether the monarchy is good for the country and its economy in particular.
The iconic actress and entrepreneur joins forces with TV workout legends for a much-needed quarantine sweat session.
Releasing a work of non-fiction can be an amazing opportunity for yourself and your business, but only if it’s done in the right way
A second statewide lockdown could be on the cards if infections continue to rise but the economic impact worries residentsBusiness is slow at Studio 23, a hair salon just off the main drag in Pikeville, a small city in rural eastern Kentucky, so barber Derek Harris is outside chewing the fat with two maskless police officers while waiting for his first clien […]
Economists worry expiration of $600 weekly lifeline will lead to sharp drop-off in household spending and set back the economyAnother 1.18 million people filed for unemployment benefits last week as economists worry the expiration of enhanced unemployment benefits will lead to a sharp drop-off in household spending and set back the US economy’s near-term rec […]
Manhattan district attorney’s office seeking eight years of the president’s personal and corporate tax recordsNew York prosecutors investigating Donald Trump’s finances previously issued a subpoena to Deutsche Bank, one of the foremost lenders to the president’s business, as part of their inquiry – and the bank complied, according to the New York Times.The o […]
New York Attorney General Letitia James describes a lawsuit seeking to dissolve the National Rifle Association, alleging executives violated state nonprofit laws. The NRA filed a countersuit in New York state court, and President Trump suggested the organization should move to Texas. Photo: Justin Lane/Shutterstock
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As millions of new traders sign up for the investment app Robinhood, the company is facing scrutiny for enabling some inexperienced users to make risky bets. WSJ spoke with a financial education professional and two Robinhood traders about how the app is shaking up the brokerage industry.
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