Economics News Results

  • Fed Report: Small-Business Sector Highly Vulnerable to Coronavirus Crisis

    Even the best-managed small businesses are in a very vulnerable position as they try to weather the shutdown of much of the U.S. economy during the coronavirus crises, according to the Federal Reserve Bank of New York. A report released Tuesday by the bank said that among "healthy" small businesses, about 20% of them have enough cash saved to operate normally for two months if their revenue were to dry up. Among less financially secure companies, only 10% could operate normally on...

  • A Season of Trouble for the Economy

    Spring is supposed to be the season of renewal, not just in nature but for many businesses. That will make the blow to the economy from the novel coronavirus crisis even heavier. Economic data often give the impression that U.S. business is a steadily moving thing, but that isn't entirely the case.

  • Colombian businesses call for more aid after quarantine extension

    Colombian businesses on Tuesday called on the government to expand measures to help companies weather coronavirus, after President Ivan Duque extended a nationwide lockdown by two weeks. Additional quarantine until April 27 will save lives, Duque said on Monday, but businesses say many could face bankruptcy and increased unemployment.

  • U.S. job openings fall; coronavirus shutdowns seen causing further declines

    * Job openings fall 130,000 to 6.9 million in February. * Small business confidence posts record drop in March. By Lucia Mutikani. U.S. job openings fell in February, suggesting the labor market was losing momentum even before stringent measures to control the novel coronavirus outbreak shuttered businesses, throwing millions out of work.

  • UK-wide coronavirus death toll increases by 786 to 6,159

    The United Kingdom coronavirus death toll rose by 786 to 6,159 people as of 1600 GMT on April 6, the health ministry said on Tuesday. As of 0800 GMT on Tuesday, 213,181 people had been tested of which 55,242 were positive, up from 51,608 on Monday, the Department of Health and Social Care said.

  • Tax Compliance Costs 67% Higher for Small Businesses

    WASHINGTON, April 7, 2020  Small business owners are growing more pessimistic about taxes, and report little impact from the 2017 Tax Cuts and Jobs Act, according to data gathered by SCORE, mentors to America's small businesses.

  • U.S. job openings fall in February, hiring steady

    U.S. job openings fell in February, suggesting the labor market was losing momentum even before stringent measures to control the coronavirus outbreak shuttered businesses, throwing millions out of work. Job openings, a measure of labor demand, decreased 130,000 to 6.9 million, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS.

  • Canada's Ivey PMI plunges more than expected in March

    Canadian economic activity contracted at a pace that was much weaker than expected in March, Ivey Purchasing Managers Index data showed on Tuesday, in the latest sign of the damage to the economy from the coronavirus pandemic.

  • Consumer Sentiment Expected to Fall to 75.0 -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 1500 Consumer Credit Feb+ $14.0 B+ $12.02 B Thursday 0830 Jobless Claims Apr 4 5000 K 6648 K 0830 Producer Price Index Mar -0.4% -0.6%-- ex food& energy Mar +0.0% -0.3%-- ex food, energy, trade Mar -0.1% -0.1% 1000 Consumer Sentiment Apr 75.0 89.1* 1000 Wholesale Inventories Feb...

  • SEC's Clayton Says Companies Should Disclose Need for Bailout Funds

    WASHINGTON--Public companies should disclose to shareholders whether they plan to tap coronavirus-related bailout funds from the federal government, the nation's top securities regulator said Tuesday. Speaking on CNBC, Securities and Exchange Commission Chairman Jay Clayton said investors are "thirsting for information" about how the pandemic has affected companies' earnings power and their need for capital. The roughly $2 trillion aid package passed by Congress last...

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