Global mergers and acquisitions plunged in April as companies worked through business challenges resulting from the coronavirus. As parts of the world begin to reopen their economies, questions remain on how bad the aftertaste will be for corporate deal making. … READ MORE >
Blog
A bright spot amid the economic wreckage of coronavirus: apartment rental payments
On Friday, the National Multifamily Housing Council released its Rent Payment Tracker, and reported that 80.2% of apartment households made a full or partial rent payment as of May 6. … READ MORE >
How business development companies are navigating the economic shock
As business development companies reel from the effects of the coronavirus outbreak, the valuations of their portfolio companies have dropped as the risk of default has grown amid a liquidity crunch. But there are steps they can take to manage the significant shock to the economy. … READ MORE >
A time to reflect on the reopening of state economies
There is an undeniable and understandable rush to reopen economies. But as the coronavirus continues to spread, it is also undeniable that decisions made in May will reverberate for years to come. … READ MORE >
U.S. April employment report: Prelude to a tragedy
It is difficult to ponder the significance of 20.5 million jobs lost and a 14.7% unemployment rate – the grim toll of the jobs data released on Friday — among the casualties and death that surround us. … READ MORE >
As private equity firms prepare to deploy cash, a backlash looms
As many middle market businesses struggle to stay above water, private equity firms are well-positioned to provide a lifeline. But there is a looming threat to the way the industry operates, and it is coming from the political sphere. … READ MORE >
Jobless claims, state by state: Eight have a million or more since the coronavirus outbreak
A cumulative 33.5 million claims of newly unemployed people have been processed by the state agencies in the seven weeks since the economies of most states were shut down to prevent the spread of the coronavirus. … READ MORE >
Initial jobless claims continue to rise to extreme levels
The increase of 3.2 million in jobless claims for the week ending May 2 brings the cumulative total to 33.5 million during the past seven weeks. … READ MORE >
U.S. April employment report preview: A magnitude complete in itself
When the jobs report is released on Friday, we expect that there will be roughly 22 million jobs lost and that the unemployment rate will increase to 17%, both of which will understate the labor dynamics at play across the economy. … READ MORE >
ISM service sector index: More pain ahead
The Institute of Supply Management’s April report on the service sector, like its manufacturing cousin, implies that the domestic economy has not yet troughed. The ISM said on Tuesday that the forward-looking new orders and business activity components of its Non-Manufacturing Index declined to 32.9 and 26, well below the 41.8 top line. … READ MORE >