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COVID-19

COVID-19

Falling producer price index fans fears of deflation

by Mitchell Hartman
May 13, 2020
Prices of many goods are dropping as demand slows and people stay at home more. But does this mean deflation is here to stay?
A warehouse in China. Producer prices have softened as economic activity has slowed.
Wang He/Getty Images
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COVID-19

What college seniors are losing in their last semester because of COVID-19

by Katherine Wiles
May 13, 2020
College seniors are faced with ending the biggest chapter of their lives so far and looking for a job during a global pandemic and record unemployment.
College seniors are graduating during an unprecedented time for the U.S. economy and job market.
Scott Olson/Getty Images
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COVID-19

Auction industry readies for COVID-19 business closures

by Kimberly Adams
May 13, 2020
The last order of business for many bankrupt companies — restaurants in particular — is to put their assets under the gavel.
A closed restaurant in Washington, D.C., in March. Auction companies are predicting a wave of closures and liquidations due to the COVID-19 pandemic.
Nicholas Kamm/AFP via Getty Images
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COVID-19

Powell warns of a possible sustained recession from pandemic

by Associated Press
May 13, 2020
Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.
Powell urged Congress and the White House to act further to prevent long-lasting economic damage.
Federal Reserve via Getty Images
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Detroit hits pause on tax foreclosures to help homeowners during COVID-19

by Eli Newman
May 13, 2020
Wayne County estimates roughly 10,000 properties were scheduled for tax foreclosure this year, including about 3,200 owner-occupied homes.
Pressing pause on tax foreclosures is a solution to a long-standing problem in Detroit.
Eli Newman
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COVID-19

Big brands are telling TV networks they might not be buying as many ads as planned

by David Brancaccio , Candace Manriquez Wrenn , Rose Conlon and Alex Schroeder
May 13, 2020
More people are at home watching, but there's a lot of uncertainty about the future of TV programming.
As much as $1.5 billion in TV advertising spending could be pulled back.
Pixabay
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COVID-19

Food delivery apps may soon see even more consolidation

by Meghan McCarty Carino
May 13, 2020
That could mean higher prices for consumers, and for the restaurants that rely on the apps.
There are reports that Uber has made an offer to buy and take over Grubhub.
Cindy Ord/Getty Images
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COVID-19

What House Democrats have proposed for a new COVID-19 stimulus bill

by David Brancaccio , Scott Tong and Alex Schroeder
May 13, 2020
The $3 trillion bill proposes another round of direct checks to Americans.
Both sides have their demands, but will Republicans and Democrats be forced by necessity to find a middle ground?
Graeme Jennings/POOL/AFP via Getty Images
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COVID-19

Lost health insurance? COBRA's an option, but it isn't cheap

by Mitchell Hartman
May 13, 2020
The benefit allows you to keep your former employer's insurance plan — as long as you pay your former employer's share of the premium
Drive-up coronavirus testing in Culver City, California.
Kevin Winter/Getty Images
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COVID-19

How possible is a major airline failure due to COVID-19?

by Andy Uhler
May 12, 2020
Boeing CEO Dave Calhoun said it's "likely" in an interview on NBC's "Today" show.
United Airlines planes sit parked on a runway in Denver in April.
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