Thursday, June 25, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe There can’t be an economic recovery without a public health recovery Stocks sold off sharply on Wednesday as all three major averages fell more than 2%. Rising case counts and hospitalizations in Texas, […]
The International Monetary Fund further downgraded expectations for the global economy in 2020 and 2021, projecting negative growth for all regions of the world for the first time in the history of its forecasts. The IMF on Wednesday released an update of its World...
Florida, once positioned to be an exemplar among states preparing to relax lockdowns, has now become a cautionary tale — joining California, Arizona and Texas in a string of areas experiencing a resurgence in coronavirus cases. Nevertheless, a volatile Wall Street,...
Federal Reserve Chairman Jerome Powell on Wednesday specifically recommended that Congress extend unemployment insurance benefits, support state and local governments, and funnel more help to cash-strapped small businesses. Historically, the central banker has shied...
The National Bureau of Economic Research said Monday that the COVID-19 crisis has officially launched the U.S. economy into a recession, thus ending the longest economic expansion on record. The NBER’s business cycle dating committee calls recessions based on broad...
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