The Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law on Friday provides various options for small and midsize businesses facing liquidity challenges from the COVID-19 crisis. … READ MORE >
coronavirus
Video gaming and esports, already growing in the U.S., see major lift during pandemic
A rise in video gaming since pandemic shelter-in-place orders went into effect could be the wave the esports industry has been looking for to become a more widespread trend in the United States. Until more recently, the growing popularity of esports had been most dramatic in Asian countries. The trend … … READ MORE >
Federal Reserve expands scope of Main Street Lending Program
With the Main Street Lending Program likely to be launched in the coming days, the Federal Reserve has once again announced updates that expand the scope of the program. … READ MORE >
FOMC preview: Expect cautious tone as Fed ponders policy shift
We will soon enter the era of post-pandemic economics that will feature stratospheric government deficits necessitating the turn to a seldom used policy called yield curve control. … READ MORE >
Defying gravity: The growing disconnect between the real economy and surging equity markets
There is a growing disconnect between the real economy and equity valuations that, if sustained, will result in slower growth and increased regulation of the investment industry. And that, in turn, will further undermine the legitimate underpinnings of capitalism. … READ MORE >
The coronavirus and civil unrest have highlighted the racial disparity in the American labor market
There is a clear and easily identifiable inequality in employment opportunities that persists to this day. Even as the worst of the economic free fall is now behind the U.S., the opportunity to address long-term and systemic inequities cannot be missed. … READ MORE >
Modeling the spread of the coronavirus: Two different worlds in the U.S.
Differences among the states in their responses to the coronavirus outbreak will undoubtedly affect the duration of the pandemic and the speed of the economic recovery in various regions of the country. … READ MORE >
U.S. jobs report: Recalled workers increase by 2.7 million in surprise lift to labor market
The nascent awakening of the U.S. economy in May resulted in 2.7 million workers being recalled to their jobs, 2.5 million jobs created and a decline in the unemployment rate to 13.3%. … READ MORE >
Trump administration identifies 5 companies for government support in vaccine effort
Drug developers, academic institutions and government agencies across the globe are investigating more than 100 potential vaccines for the coronavirus. The Trump administration on Wednesday identified a handful of organizations that it believes are the most likely to produce a viable vaccine candidate, The New York Times reported. This is … … READ MORE >
Initial jobless claims fall in most states, but the damage has been done
Almost every state had a decline in initial jobless claims in the last week of May, as a ninth week was added to the trend of decreasing yet still substantial household economic misery. … READ MORE >