In a move for self-preservation, retailers are demanding that their landlords withhold or slash rent in the coming months as stores have closed to slow the spread of the coronavirus. … READ MORE >
Covid-19
For states struggling with coronavirus, stimulus package is likely not enough
All states – with the exception of Utah – reported significant numbers of workers filing for unemployment benefits as state and local authorities and businesses took the lead in slowing the virus by shutting down the normal flow of interaction. … READ MORE >
New jobless claims surge, signaling hardship for working America
This week’s initial claims increased to 3.283 million from last week’s 282,000, suggesting a substantial drop in income and household spending in the coming weeks and months, and the increased likelihood of the economy falling into recession. … READ MORE >
How health systems can manage the financial impact of the coronavirus
The effects of the coronavirus on health systems will be far-reaching and long-lasting. Beyond the impact on front-line staff and the disruption of having many employees work remotely, health systems are also seeing a cloud loom when it comes to their finances. To seek relief from these headwinds, the chief … … READ MORE >
Why shutting down the economy makes the most sense
In our estimation, sending the public back to work at this time would be premature, put far more individuals at risk and run the risk of another series of economic shutdowns should there be a second or third wave this fall and next winter. … READ MORE >
Expect initial jobless claims to surge this week as coronavirus spreads
When the new figures for initial jobless claims are announced this week, they will jump above the cyclical high of 665,000 set during the recovery from the Great Recession and the all-time high of 695,000 set in October 1982. … READ MORE >
As businesses contend with coronavirus, liquidity becomes a top concern
Financial institutions should assess all options of their short- and moderate-term liquidity. By understanding the liquidity needs of customers, financial institutions will be able to plan for the increased borrowing demand while mitigating the impact on their own financial statements. … READ MORE >
Fed takes robust action to backstop the economy and financial markets
The Federal Reserve moved aggressively on Monday to mitigate what is going to be a severe disruption in the American economy by committing to an open-ended quantitative easing program and the construction of the Main Street Business Lending Program to support small and medium-sized firms. … READ MORE >
Insurance industry girds for major impact from coronavirus
The coronavirus pandemic has turned everyday life upside down for nearly every American. Many schools have closed and in certain areas residents have been ordered to stay in their homes. As its impact is felt across the economy, the insurance industry will not be spared. … READ MORE >
How middle market retailers can position themselves to survive coronavirus, and Amazon
Amazon’s suspension of non-essential products through at least April 5 will leave the door open for other retailers that have the flexibility to focus on the categories that shoppers will not be able to find on Amazon. … READ MORE >