You Searched For "recession 2020" and got 20 results
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1 min read
14 successful companies that started during US recessions
Yet some of today's biggest, best-known companies, such as Hewlett-Packard, Microsoft, and Trader J…
Matthew Wilson
2 mins read
McDonald's CEO says customers are more worried about the economy than public health, as the fast-food giant braces for the looming recession
McDonald's CEO Chris Kempczinski said that customers are more worried about the economy than public…
Kate Taylor
4 mins read
4 jarring signals that show the US economic recovery is weakening
Several cities have reinstated lockdown measures to curb the coronavirus's spread. Yet the restrict…
Ben Winck
2 mins read
'All bear markets include false rallies': Citi warns stocks have further to fall during the coronavirus pandemic
Citibank is bracing for a V-shaped recovery once markets do recover although this is likely to be a…
Saloni Sardana
2 mins read
Traders are using giant supertankers to store 160 million barrels of oil as the coronavirus torpedoes demand
60% more oil is being stored at sea in oil tankers than the previous record high during the 2009 fi…
Saloni Sardana
2 mins read
'Ferocity not previously seen in recent history': US economic output plunged the most since 2009 in April as the coronavirus lockdown spread
Service sector output, which accounts for two-thirds of the economy, plunged to 27 from 39.8. Manuf…
Ben Winck
2 mins read
A 2nd wave of US virus cases will plunge the economy into a depression, Moody's economist warns
The US economy sits in "quicksand" until a vaccine can reverse the damage done to consumer confiden…
Ben Winck
2 mins read
BANK OF AMERICA: The US economic recovery will come in 'fits and starts' and feel like we're still stuck in recession
The US is in the middle of the second, or transitionary, phase after the initial shutdown. The last…
Ben Winck
1 min read
The Chicago Fed's top economic index suggests the US entered a recession in March
The index's three-month moving average slid to -0.32, nearing the -0.7 threshold the bank associate…
Ben Winck
3 mins read
The man behind the market's favorite recession indicator says his model still works, even as it says everything is fine in the middle of a global economic meltdown
Harvey Campbell said the yield curve is no longer inverted because the curve is predicting a recove…
Saloni Sardana
3 mins read
Valentino sues NYC landlord to exit 15-year Fifth Avenue store lease, alleging that the once prestigious shopping area is no longer 'workable' as a luxury shopping destination
Valentino is the latest retailer to sue its landlord in order to terminate an expensive lease in ce…
Mary Hanbury
3 mins read
Trucking has been in a recession since late 2018 — and the coronavirus is just the latest slam on some of America's most vulnerable workers
"More than anything, recessions matter because of the scale of disruption they cause for people's l…
Aaron Terrazas
2 mins read
'Bears are out for blood': Oil plunges 21% to a 2-decade low as coronavirus shatters demand
The WTI price for May delivered had touched as low as $14.47 on Sunday before slightly recovering t…
Saloni Sardana
6 mins read
These 4 economic signals suggest the COVID-19 recovery is losing steam as cases spike
Signs of leveling off or declines can be seen in high-frequency indicators that track workers and c…
Carmen Reinicke
2 mins read
Millennial workers have been hardest hit by pandemic pay cuts
Millennials fared the worst in terms of pandemic pay cuts, a Magnify Money study found. But more th…
Hillary Hoffower
3 mins read
Economists expect Friday's jobs report will show the labor market recovery is losing steam as the coronavirus crisis persists
"There's just a huge range of uncertainty about the topline number that we'll see on Friday," said …
Carmen Reinicke
3 mins read
The US economic recovery could take 4 years after government relief efforts come up short, Guggenheim's Scott Minerd says
Lockdowns will be reversed gradually, but areas hit hardest by coronavirus might not reach peak act…
Ben Winck
1 min read
US business debt surged a record 19% in the first quarter as companies braced for economic fallout
A jump in loans and corporate bond issuance pushed total US nonfinancial business debt to $16.8 tri…
Carmen Reinicke
2 mins read
Billionaire investor Marc Lasry says the market isn't pricing in a recession that will last 'for a while'
"It's going to be a hard couple years" as unemployment lingers and an economic rebound fails to get…
Ben Winck
2 mins read
Local coffee shops are being forced out of business by the pandemic — and Dunkin' wants to cash in on their demise
Dunkin' is planning on cashing in on the demise of local coffee shops across America.