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Coronavirus chaos — wrecked economy, less office space demand, scarce financing — challenges Chicago’s megadevelopments
Chicago’s decade-plus construction cycle has altered the skyline and emboldened developers to draw up some of the costliest real estate plans ever seen in the city. Now the coronavirus pandemic leaves in doubt whether those megaprojects.....»»
Economic Report: Investors and consumers think the U.S. will recover faster from the coronavirus than economists
Investors and consumers evidently have more faith the U.S. will rebound quickly from the coronavirus pandemic than the experts on the economy......»»
China on slow road to recovery, but recession risk is high: Reuters poll
The Chinese economy will slowly recover from its first quarterly contraction since current records began, economists predicted in a Reuters poll, but they warned of a likely recession if conditions worsen again from the global coronavirus pandemic......»»
Treasury secretary Mnuchin predicts US economy will rebound in months and not years: "We are going to have terrific breakthroughs"
Associated Press Treasury Secretary Steven Mnuchin n Sunday said the US economy could recover from the novel coronavirus pandemic within "months." The coronavirus has sent shock waves through bus.....»»
Quarantining is an inefficient way of a tackling coronavirus, says St. Louis Fed’s Bullard
St. Louis Fed President James Bullard says testing everyone for the coronavirus is a good way to help the economy recover from the pandemic......»»
Powell sees every reason to think US can recover "fairly quickly"
Apr.09 -- Federal Reserve Chairman Jerome Powell explains why he believes the U.S. economy can quickly recover from the effects of coronavirus pandemic. Powell spoke Thursday in a virtual presentation......»»
The Fed: St. Louis Fed’s Bullard pitches universal daily COVID-19 testing to help restore economy’s health
St. Louis Fed President James Bullard on Sunday said testing everyone for the coronavirus is a good way to help the economy recover from the pandemic......»»
NewsWatch: Fed’s Bullard says there is ‘good news’ for those worried about the economy’s future: that universal COVID-19 testing will help restore economic health
St. Louis Fed President James Bullard on Sunday said universal testing for the coronavirus is a good way to help the economy recover from the coronavirus pandemic......»»
The Fed: Fed’s Bullard says there is ‘good news’ for those worried about the economy’s future: that universal COVID-19 testing will help restore economic health
St. Louis Fed President James Bullard on Sunday said universal testing for the coronavirus is a good way to help the economy recover from the coronavirus pandemic......»»
A decade of job growth ends, undone by a pandemic
The longest stretch of job creation in American history came to a halt last month, the Labor Department reported Friday, another reflection of the coronavirus pandemic that has brought the economy to a virtual standstill. .....»»
A decade of job growth ends, undone by a pandemic
The longest stretch of job creation in American history came to a halt last month, the Labor Department reported Friday, another reflection of the coronavirus pandemic that has brought the economy to a virtual standstill. .....»»
Coronavirus economy: Reports of an economic crash have been greatly exaggerated
The economy today lives in suspense, not free-fall. The pandemic will pass. Supply chains will refill. Securities markets will recover. Growth will.....»»
Economic Report: Why aren’t Americans happier about the economy? They are paying higher prices for almost everything
Americans should be more bullish about the economy with the U.S. seemingly on the verge of defeating the coronavirus pandemic, but they aren't. Chalk it up to higher prices for almost everything they buy......»»
Companies offering hiring incentives to lure workers amid COVID-19 state reopenings
A growing number of companies across the country are offering incentives to lure new employees as the US economy continues its recovery from the coronavirus pandemic......»»
Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds
Warren Buffett said on Saturday that the U.S. economy is faring far better than he might have predicted early in the coronavirus pandemic, benefiting his conglomerate Berkshire Hathaway Inc (BRKa.N)......»»
Economic Report: Consumer spending soars in March after Americans get $1,400 stimulus checks
Consumers splurged on new cars, recreational goods and takeout food in March after most Americans received $1,400 government stimulus checks, giving a big shot in the arm to an economy still recovering from the coronavirus pandemic......»»
Starbucks see customers return, profits rise
Starbucks Corp. said it expects profit to increase this year as sales recover at cafes that it is operating more efficiently than before the coronavirus pandemic......»»
Economic Report: Consumer confidence jumps to 14-month high thanks to coronavirus vaccines and resurgent economy
Consumer confidence leaped again in April to a 14-month high as rising vaccinations, falling coronavirus cases and a resurgent U.S. economy eased pandemic-related anxieties, a new survey showed. The index of consumer confidence climbed to 121.7 from 109......»»
Data dive: How"s the economic recovery going in Memphis? And who"s hiring?
The Memphis MSA is closer to its pre-pandemic employment level than all but seven of the nation's 53 largest MSAs, according The Brookings Institution. Here's the good news and complicating factors as the workforce looks to recover from the COVID economy......»»
Commodities Corner: Why gold’s biggest quarterly drop in 4 years doesn’t mark the end of its bull cycle
After suffering its biggest quarterly loss since 2016, gold stands as one of the few commodities trading lower this year, but prices still have room to run higher even if the global economy continues to recover and the pandemic moves closer to an end......»»