When businesses aren't making money, local governments aren't making money.

Apr 14, 2020
Cities and states will have to rethink their budgets because of tax revenue loss.
In some places in Ohio, income tax makes up almost 75% of the revenue. Above, a closed bar in Columbus, Ohio, on March 15.
Matthew Hatcher/Getty Images

How fast can the economy restart? It depends on how consumers feel

Apr 14, 2020
And those feelings may change between now and the lifting of stay-at-home orders.
David Dee Delgado/Getty Images

IMF says global economy will shrink 3% this year because of COVID-19

Apr 14, 2020
IMF economists talked to epidemiologists and tried to estimate how much COVID-19 restrictions will affect the economy.
Forecasts could change dramatically based on policy decisions made around the global COVID-19 pandemic.
Karen Bleier/AFP via Getty Images

Mortgage forbearance numbers up due to COVID-19

Apr 14, 2020
The Mortgage Brokers Association expects the number of home loans in forbearance to increase rapidly.
Justin Sullivan / Getty Images

Small businesses seeking loans to cover COVID-19 losses face confusion, frustration and uncertainty

The loan program was designed before we understood how long this crisis might last, Amanda Ballantyne of Main Street Alliance says.
Jason Kempin/Getty Images

With COVID-19 hammering the economy, banks report first quarter earnings

Apr 14, 2020
Many banks are still expected to pay dividends to shareholders.
The impact of the coronavirus crisis won’t show up until the second quarter, and some banks will soften the blow with profits from administering federal stimulus programs.
Spencer Platt/Getty Images

The race for antibodies

Apr 13, 2020
Researchers hope that antibodies of those who have recovered from COVID-19 can be used in a treatment.
Researchers are looking into new treatments and preventions for COVID-19. Above, a researcher developing a test for the disease in February in New Jersey.
Kena Betancur/Getty Images

For public good, not for profit.

Feeling crazy working from home? Here's some advice

Apr 13, 2020
As the coronavirus pandemic forces many of us inside, a reporter based in Beijing shares ways to make life a little easier.
An empty street in Beijing after the lockdown order to stem the spread of COVID-19.
AFP via Getty Images

Feeding America CEO expects to serve 17 million extra people

Apr 13, 2020
Claire Babineaux-Fontenot said the charity needs more funding, food supply and volunteers to respond to the crisis.
A shelf almost bare of canned food. With Americans stocking up on food for future needs, supplies of containers are running low.
Justin Sullivan/Getty Images

With fewer cars on the road, some cities make more space for walking

Apr 13, 2020
Oakland is one of the cities experimenting with closing streets to through traffic to give room to pedestrians and cyclists to maintain social distancing.
Empty highways and streets during rush hour in car-dependent Los Angeles on April 6.
Mario Tama/Getty Images