The Dow Jones slumped over 600 points as financial troubles at property developer China Evergrande Group became the latest in a growing list of concerns for Wall Street.
Signs of slowdown are everywhere after huge increases in vacation bookings, traveling and eating out earlier this year. Southwest Airlines, Airbnb and restaurants are starting to see a pullback.
CARSON CITY, Nev. (AP) — A panel of economic experts in Nevada has released projections that suggest the economic toll the coronavirus has taken on Las Vegas and the rest of the state will outlast the virus.
The tourist economy in Hawaii has been decimated by the pandemic, with 1 in 6 people there unemployed. Now, the state hopes new traveler testing protocols will help bring visitors back to its beaches.
"This year, we are facing an extraordinary situation," Indian Finance Minister Nirmala Sitharaman told a conference last week before GDP figures were released. "We are facing an act of God."
The new guidance amounts to a midyear open-enrollment period and applies to firms that buy health insurance to cover their workers as well as to those that self-insure — paying claims on their own.
The government chose not to set a GDP growth target for this year because of the economic impact of the coronavirus pandemic. Instead, economic policy will focus on reducing unemployment and poverty.
Millions of Americans have lost work and money due to the coronavirus pandemic. Now, some businesses are reopening. Are you ready to go back to normal life? NPR wants to hear your story.
Many governments, especially in European countries, are handling unemployment differently, paying companies to keep their workers on the payroll until the pandemic is over.
As efforts to slow the coronavirus pandemic temporarily put millions of Americans out of work, forecasters are predicting a record slowdown in the U.S. economy.
