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U.S. Economy
IHS: 10 States Will See Jobless Rates Reach 16%
A return to pre-pandemic employment levels is not expected until early 2024 at the national level, with the…
Why Apparel Sales Might Recover Before the Economy Does
Consumers' willingness to shop in malls will determine economic recovery, even though unemployment may not…
Holiday Weekend, Store Reboots Offer Consumer Confidence Clues: The Week Ahead
The Memorial Day weekend will be closely watched for a read on the consumer mindset at stores that have…
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Trump Puts Vaccine Effort into ‘Warp Speed’ Amid Economic Devastation: The Week Ahead
President Trump pushes for the creation of a COVID-19 vaccine as the political debate over economic versus…
US Economic Shocker: New Forecast Sees 37% GDP Decline, Consumer Spending Down 43%
Consumer spending is expected to contract at a 43 percent rate in the second quarter and roughly 8 percent…
Experts Weigh Question of Economic Versus Public Health: The Week Ahead
Business activity is expected to resume in Q3, but social distancing could become the new normal if a second…
‘We Will Survive’ 22 Million Job Losses, Economist Says
Recovering from the 22 million+ job losses in just four weeks will "take some time," S&P Global Ratings' Beth…
US Economy Headed for 26.5% Q2 GDP Drop, Levels Not Seen Since Great Depression
IHS Markit economists predict a 26.5 percent annualized drop in second-quarter GDP–bringing it to Great…
Emerging Markets Will Get ‘Hammered’ in Downturn Eclipsing Great Recession: IHS
IHS Markit economists said most economies around the world won't return to pre-pandemic levels of output for…
Congress Takes on Triple Threat With $2.2 Trillion Stimulus: The Week Ahead
Congress is fighting three crises: the coronavirus pandemic, financial market breakdowns and the threat of…
Recession Ahead and It’ll Be Brief But Deep: The Week Ahead
Survival tactics? Gaining a tight reign on liquidity and examining loan options from public and private…
Virus Could Drag US GDP to -13%, Spike Jobless Rate to 9%: IHS
As the coronavirus cuts through the U.S. economy, IHS Markit's latest forecast warns that second-quarter GDP…
What’s in the $1 Trillion White House Virus Package
The White House seeks yet another emergency funding package to address the pandemic crisis.
Moody’s Sees Apparel in ‘Liquidity’ Crunch as Trump Seeks ‘Big, Bold’ Stimulus Plan
The growing pandemic has Trump calling for economic relief for Americans while Moody's sees apparel's…
Trump Extends Forecast for COVID-19 Outbreak
Fears grew on Wall Street, which saw the greatest one-day decline since 1987, as the U.S. faces the prospect…