It’s a given that widespread coronavirus lockdowns are costing cities and states billions in tax revenues, but experts say that areas that rely heavily on nonresident workers to balloon their coffers are particularly vulnerable to growing fiscal stress. For key states and cities, COVID-19 orders keeping non-essential workers at home, are also likely to keep […]
The coronavirus lockdown has stagnated the economy, but the homebuying market is so competitive that buyers are actually facing bidding wars in certain markets. Some 41.4% of Redfin offers faced competition in the four weeks ending May 10, according to a recent...
According to economic projections from the Penn Wharton Budget Model, states with Republican governors are forecast to see bigger economic gains by July 24 from reopening compared to states with Democratic ones. Yahoo Finance analyzed the Wharton Model’s projections...
The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits topping 2 million, yet again. The latest swath of applications brings the total amount of jobless claims to more...
More economic re-openings continued on Wednesday — with all 50 U.S. states seeing some degree of lockdown measures being relaxed this week — even as global coronavirus diagnoses and death tolls mounted. The U.S. has seen a significant slowing of the virus spread in...
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