By the numbers: A snapshot of Chicago’s economy six months into the pandemic
Since the start of the coronavirus pandemic, hundreds of thousands of Chicago-area jobs were lost, consumer spending dropped 43%.....»»
Market Snapshot: Dow futures rise to kick off May
U.S. stocks on Monday are seen trading higher to start the week and new month as evidence mounts that American corporations are rebounding from the deadly COVID pandemic, portending a strong bounce for the overall economy in the second half of 2021......»»
Market Snapshot: Dow futures rise around 200 points to start May trade
U.S. stocks on Monday are seen trading higher to start the week and new month as evidence mounts that American corporations are rebounding from the deadly COVID pandemic, portending a strong bounce for the overall economy in the second half of 2021......»»
: Investors are still keeping their cash levels high — but here’s what’s drawing them to stocks, UBS says
Investors have kept their cash piles high in the pandemic, according to a UBS survey. But their optimism about the economy has risen over the past three months and here’s where they’re now considering investing......»»
28 closed or temporarily closed businesses on the Magnificent Mile: Block-by-block analysis of where North Michigan Avenue stands after impact of pandemic, unrest
After decades at the center of Chicago’s retail, hospitality and real estate worlds, North Michigan Avenue faces one of its greatest challenges. Here is a block-by-block snapshot.....»»
More than 70 percent of Americans back Biden"s pandemic response, but many are unhappy with the economy, poll finds
President Joe Biden has made the pandemic his central focus during his first two months in the White House. President Joe Biden puts on a face mask while speaking to reporters on October 26, 2020 in Chester, Pennsylvania. Photo by Drew Angere.....»»
Despite record year in 2020, Sprouts will open fewer stores than expected in 2021
Sprouts Farmers Market Inc. put up record earnings numbers in 2020, despite the global pandemic that stalled the economy in most sectors. The Phoenix-based specialty grocer released its earnings for the fourth quarter and the full year of 2020 on.....»»
With millions of jobs likely gone for good, the pandemic is forcing unemployed Chicagoans to rethink their careers
Across Chicago, the job market is tight as the ongoing health crisis continues to batter parts of the U.S. economy, forc.....»»
From store manager to welder: Tight pandemic job market forcing some Chicagoans to switch careers
Across Chicago, the job market is tight as the ongoing health crisis continues to batter parts of the U.S. economy, forc.....»»
Bond Report: 10-year Treasury yield marks biggest daily jump in over three months
U.S. Treasury yields rise Tuesday, starting the holiday-shortened week on a bearish footing as traders flee from longer-dated government bonds amid expectations for vaccines and fiscal spending to power the economy through the pandemic......»»
The Fed: ‘We have not won this yet,’ Fed’s Powell says, signaling policy to remain ultra-easy
Fed Chairman Jerome Powell on Wednesday stressed that the battle to restore the economy to health in the wake of the pandemic has not been won, a signal policy will remain ultra easy for months to come......»»
Market Snapshot: Dow snaps 3-day slide, stocks kick off week with gains as Yellen calls for more fiscal aid
U.S. stocks recorded gains on Tuesday as Janet Yellen in her Senate confirmation hearing called for more fiscal aid for the pandemic-battered economy......»»
Market Snapshot: Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street
President-elect Joe Biden's proposal to spent another $1.9 trillion to help fight the pandemic and its shocks is putting Wall Street on inflation-watch. But investors say the U.S. economy and financial markets would be worse off without it......»»
Stocks drive higher, brushing aside worries about U.S. stability
Stock prices have soared for months in defiance of an ailing, pandemic-wrecked economy. Now they seem impervious to something even more disturbing: the erosion of American democracy......»»
: Chinese exports shot to a record high in 2020 as the world economy sank
Economists expect China’s exports growth to slow in the coming months if western economies manage to control the COVID-19 pandemic's second wave and resume normal activity......»»
Here are the latest Central Ohio employers to announce job cuts amid the coronavirus pandemic
A bankrupt retailer is shuttering a distribution center for good and an auto auction is furloughing staff potentially for months, two of the latest examples of the coronavirus pandemic's impact on Ohio's economy......»»
Horrific jobless numbers as nation"s unemployment soars
More than 20 million jobs were lost in April as the coronavirus pandemic has wreaked havoc on the nation’s economy. The national unemployment rate skyrocketed to 14.7 percent, according to federal data released Friday. In all, 20.5 million nonf.....»»
GDP declined in first quarter, with worse economy to come
The coronavirus pandemic officially snapped the United States’ economic growth streak in the first three months of the year. The question now is how deep the damage will get — and how long the.....»»
GDP declined in first quarter, with worse economy to come
The coronavirus pandemic officially snapped the United States’ economic growth streak in the first three months of the year. The question now is how deep the damage will get — and how long the.....»»
Pandemic pivot: How Chicago-area businesses and workers are managing the coronavirus crisis
The coronavirus pandemic is forcing Chicago-area companies and workers to face harsh realities about their paychecks and their place in the local economy. The Tribune is reaching.....»»
Inside the Chinese media’s reporting on the historic collapse of a powerhouse economy
It’s a sensitive time for Chinese media, with the country facing recrimination from abroad for birthing the coronavirus pandemic and the worst economic numbers on record coming in. So what are the mostly state-controlled media saying?.....»»