Finance

You’ve just lost your job? Here’s what you need to know

WASHINGTON — Nearly 10 million Americans have lost their jobs and applied for unemployment benefits in the past two weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy. Job losses related to the coronavirus are sure to rise further in coming weeks, with economists saying the U.S. unemployment rate […]

You’ve just lost your job? Here’s what you need to know Read More »

Trump’s Company Seeks Financial Help as Coronavirus Takes Toll

All over the country, businesses large and small are seeking breathing room from their lenders, landlords and business partners as they face the financial fallout from the coronavirus crisis. President Trump’s family company is among those looking for help. With some of its golf courses and hotels closed amid the economic lockdown, the Trump Organization

Trump’s Company Seeks Financial Help as Coronavirus Takes Toll Read More »

Outbreak: bankruptcies, layoffs, quiet skies and empty rails

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Thursday related to the global economy, the work place and the spread of the virus. ———————————— ZOOM: At the end of last year, the video-conferencing company Zoom had about 10 million daily users. By March,

Outbreak: bankruptcies, layoffs, quiet skies and empty rails Read More »

How Jerome Powell’s Unconventional Career Path Prepared Him for This Crisis

“It’s a unique situation, and Jay has the right attributes for dealing with it,” said Nellie Liang, who worked closely with Mr. Powell on financial stability issues as a Fed staffer and now is a senior fellow at the Brookings Institution. “He’s a person who can size up a situation very quickly and be decisive.

How Jerome Powell’s Unconventional Career Path Prepared Him for This Crisis Read More »