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Fed chairman Jerome Powell on Wednesday announced the economic data now coming out "is worse than any data we have seen for the economy."
Consumer debt hit a fresh record high to start 2020, even as credit card balances declined while Americans adjusted to the coronavirus pandemic.
The people running states like New Jersey and cities like Chicago know they're broke.
Small business impacted by the coronavirus pandemic have had difficulty obtaining loans from the Paycheck Protection Program (PPP), according to a CNBC/SurveyMonkey Small Business Survey released Monday.
America's meat processing crisis, mainly triggered by labor shortages and plant closings due to coronavirus spread, is set to unleash a new wave of automation across plants to ease labor and health woes.
In all of U.S. history we have never seen anything like this. I have been sitting at my desk for quite a while searching for the proper words to convey the gravity of what we are facing, and to be honest it has been quite a struggle.
A Virus with a Political Bias?; New York's Tragic Missteps; Chloroquine vs. Remdesivir; W.H.O-Tube; Pharma Owns TV Docs?
Studies have consistently found that generous unemployment benefits increase unemployment rates.
In the last week 3.839 million Americans filed for unemployment benefits for the first time.
Tyson Foods is set to double bonuses, increase wages, and better protect employees amid one of the worst health crises to strike the nation's meatpacking plants
An obviously better solution than sinking the world economy into a great depression is a greater use of "laissez-faire".
Studies have consistently found that generous unemployment benefits increase unemployment rates.
Dr. Anthony Fauci, head of president Trump's coronavirus task force, is demanding that people 'shelter in place' and practice 'social distancing' but, when asked whether strangers should hookup using dating apps, Fauci said, "If you want
MORE than half of Los Angeles residents are unemployed -- making up an estimated 1.3 of the 22 million people who have filed for unemployment amid the coronavirus crisis.
Texans flocked to the state's Capitol in Austin to protest Covid-19 lockdown measures, refusing to practice social distancing and cheering for Dr. Anthony Fauci to be fired by President Donald Trump.
Thousands of cars line up at San Antonio food bank from before dawn as millions file for unemployment across the country
The price of a great many assets will crash, out of proportion to the decline in demand.
Top Market Strategist Says "In 20 Years I Have Never Seen Anything Like This"
Two House Democrats have introduced legislation that would give millions of Americans $2,000 per month during the coronavirus pandemic.
Mixing metaphors magnificently, if this 'picture' was worth a thousand words, the following chart is worth six trillion dollars as it exposes the ugly reality of America today that CNBC proclaimed so proudly on Thursday.
A quarter of Michigan's workers are now jobless with more than one million residents applying for unemployment benefits amid the coronavirus pandemic.
The same day the number of U.S. dead from the coronavirus disease hit the 15,000 mark, we also crossed the 15 million mark on the number of Americans we threw out of work to slow its spread and "bend the curve."
xcuse me, Dr. Fauci Shall I get my measles immunity papers also? You mean I can't go to work or even get a job without having papers showing I have antibodies against each and every pathogenic disease or others can sue me if they believe I infe
Remote work has grown 91 percent over the last decade--and for good reason.
Last Thursday, the scientific mastermind behind the economic carnage and spirit-crushing isolation now constituting the two main pillars of America's ingenious new public health strategy delivered some bad news.
As the Black Death scythed through Europe in 1348 and 1349, workers across the continent discovered that they had power for the first time in their lives.
Two weeks ago it was a record 3.3 million initial claims; last week it was an additional (upwardly revised) 6.875 million in initial claims, and this week another 6.606 million claims (almost exactly our expectation of 6.5 million).
Did The 'Generous' CARES Act Just Guarantee High Unemployment Is Here To Stay?
Here are the key takeaways from Michael Hartnett's latest Flow Show:
...As US Slides Into Depression. Just like that the 113 record straight months of employment growth is over with a bang.
