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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%.....»»

Category: topSource: chicagotribuneJan 21st, 2021

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......»»

Category: topSource: marketwatchMay 3rd, 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......»»

Category: topSource: marketwatchMay 3rd, 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......»»

Category: topSource: marketwatchApr 28th, 2021

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.....»»

Category: topSource: chicagotribuneApr 13th, 2021

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.....»»

Category: dealsSource: nytMar 6th, 2021

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.....»»

Category: topSource: bizjournalsFeb 26th, 2021

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.....»»

Category: topSource: chicagotribuneFeb 23rd, 2021

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.....»»

Category: topSource: chicagotribuneFeb 22nd, 2021

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......»»

Category: topSource: marketwatchFeb 16th, 2021

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......»»

Category: topSource: marketwatchJan 27th, 2021

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......»»

Category: topSource: marketwatchJan 19th, 2021

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......»»

Category: topSource: marketwatchJan 16th, 2021

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......»»

Category: smallbizSource: nytJan 14th, 2021

: 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......»»

Category: topSource: marketwatchJan 14th, 2021

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......»»

Category: topSource: bizjournalsMay 12th, 2020

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.....»»

Category: topSource: bizjournalsMay 8th, 2020

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.....»»

Category: topSource: moneycentralApr 29th, 2020

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.....»»

Category: topSource: moneycentralApr 29th, 2020

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.....»»

Category: topSource: chicagotribuneApr 24th, 2020

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?.....»»

Category: topSource: marketwatchApr 20th, 2020