‘We are going to see human lives lost’ if the coronavirus shutdowns continue

‘We are going to see human lives lost’ if the coronavirus shutdowns continue

Sen. Ted Cruz warned in an interview on Friday that the U.S. will “see human lives lost” if the economic lockdown to contain the novel coronavirus outbreak lasts for months instead of weeks. “We are going to see real devastation from poverty to dreams shattered to family businesses put out of business,” the Texas Republican […]
Strategist predicts Dow 40,000 but warns of ‘more panic days’ first

Strategist predicts Dow 40,000 but warns of ‘more panic days’ first

The stock market is up nearly 30% from its March 23 low. But that doesn’t mean we’re heading straight toward to new highs, says one strategist. “While I think this rally is very impressive and it has a lot of thrust that you’d normally see at the beginning of new...
For most small businesses, April will be much worse than March

For most small businesses, April will be much worse than March

Procter & Gamble’s sales rose 10% in its third quarter, which ended in March, thanks to American consumers stocking up on staples like toilet paper heading into the coronavirus lockdown. That suggests that in April, as the pandemic continues and such products...
This week in Trumponomics: Liberation wars

This week in Trumponomics: Liberation wars

President Trump did a couple of things right this week. He backed a coherent if better-late-than-never federal plan for reopening the economy, which is largely shuttered due to the coronavirus pandemic. And he deferred to governors who are the ultimate deciders in...
143 public companies have cut CEO pay

143 public companies have cut CEO pay

The coronavirus economic crisis has left around 22 million people filing for unemployment so far, a staggering number that wiped out all job gains since 2009. One immediate response to the economic shutdown and the sharp job cuts was business leaders taking pay cuts....