Hedge-fund manager Dan Niles, in a note cited by Yahoo Finance this week, warned his clients way back in February that he was getting “increasingly worried” investors weren’t ready for the impact the spread of the coronavirus could have on the U.S. economy. He’s not any more optimistic now then he was back then. See full story.
Coronavirus update: 1 million global cases, 51,485 deaths and U.S. workers file for benefits in record numbers
The number of cases of the coronavirus that causes COVID-19 topped 1 million on Thursday as U.S. jobless claims soared to record levels, offering a grim look at how the illness is hurting businesses, individuals and the economy. See full story.
Brace for the ‘deepest recession on record,’ says BofA analysts, as jobless claims surge to 6.6 million
There are no parallels for the pandemic fueled slowdown that the U.S. economy is currently contending with, and that is forcing economists like those of Bank of America Global Research to forecast a decidedly grimmer outlook for the American economy than they offered just two weeks ago. See full story.
America’s housing market is showing the first signs of trouble because of the coronavirus pandemic
Sellers appear to be holding off on listing their homes for sale in anticipation of less buyer traffic during the normally busy spring home-buying season. See full story.
The IRS changed the tax filing rule for Social Security recipients — why that’s a good thing
The decision could cause some people to miss out on the coronavirus stimulus money See full story.
A 5-point plan to food shopping in the epicenter of COVID-19 in the United States. See full story.