"Reopening is actually much harder than closing. Closing was abrupt and disruptive, but it was simple. Everything is closed. Reopening is more delicate and more nuanced," Cuomo said Wednesday.
Harold Uhlig, an economist at the university and editor of the prestigious Journal of Political Economy, has equated protesters to "flat earthers" and said they should have coordinated their protests with police departments.
Business leaders spoke out to condemn racial inequality following George Floyd's death. Here are plans from the CEOs of Walmart, Bank of America and others to try to be part of the solution.
Treasury yields dropped on Thursday as rising fears of a second wave of the virus and a cautious economic outlook from the Federal Reserve drove investors to safe-haven bonds.
Governments face a series of complicated decisions in considering police reforms in response to protests against brutality and racism that have stemmed from the death of George Floyd.
President Trump opposes a push to take the names of the Confederate leaders off military bases that has gained force after the death of George Floyd in Minneapolis police custody.
Uber had been in talks with Grubhub on an acquisition for about a year and a half but saw the deal slip away from the company in the last few days, sources say.
For consumers with good credit, historically low interest rates on mortgages and credit cards are an asset. But riskier borrowers are shut out of the relief.
The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month and mortgage-backed securities at $40 billion.
Treasury yields fell on Wednesday as the Federal Reserve kept interest rates near zero and projected no increases in the near term as the economy recovers from the coronavirus pandemic.
Uber, which had been in on-and-off deal talks with Grubhub for more than a year, is likely to pull out of those merger talks over antitrust concerns raised about the potential deal.
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