While much of the U.S. hunkers down to work and shop online, large swaths of the country are trying to cope without a connection to the Internet. Before the coronavirus hit the U.S, only about seven percent of American employees had jobs that allowed them to work remotely, according to the Bureau of Labor Statistics. Lack of Internet access has also left millions of households cut off from vital servifces and information during the pandemic.
U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll on the economy, according to data from the University of Michigan.
Industrials have soared this week. These are the best stocks within the group, according to Todd Gordon of Ascent Wealth Partners and Nancy Tengler of Laffer Tengler Investments.
If store closures because of the coronavirus last longer than eight months, that is when "liquidity becomes a significant risk factor" for department store chains, Cowen & Co. said.
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic.
"It's the wildcard. It's the thing that no one seems to be able to stop. And it's deflationary not at a time we want to see deflation," CNBC's Jim Cramer said.
The state has already spent $1 billion trying to stymie the outbreak and estimates that business closures will cost roughly $10 billion to $15 billion in lost revenue.
Money experts typically recommend setting aside three to six months' worth of living expenses in an emergency fund. Does this rule of thumb still apply today, as the coronavirus pandemic continues to threaten the global economy?
What you should do depends on your age and where you stand financially, says Ric Edelman, founder and chairman of Edelman Financial Engines, ranked the No. 1 top registered financial advisory firm by Barron's in 2019.
Yelp said this week it was partnering with GoFundMe to provide a "seamless way" for people to donate to businesses being hurt by the COVID-19 pandemic.
"Be in no doubt that I can continue ... to communicate with all my top team, to lead the national fight back against coronavirus," Johnson said in a video posted to social media.
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans.
With travel at a near standstill amid the coronavirus pandemic, the Department of Homeland Security is delaying the Real ID enforcement deadline to Oct. 1, 2021.
If you are looking to embark on some self-improvement while stuck at home during the coronavirus outbreak, consider taking some free online college courses.