Even as political leaders wrangle over how and when to restart the American economy, the coronavirus pandemic’s devastation became more evident Thursday with more than 5.2 million workers added to the tally of the unemployed.
In the last four weeks, the number of unemployment claims has reached 22 million —
There are signs that the Covid-19 crisis is exaggerating, and possibly cementing, those changes.
“There will be a rethink of how much any country wants to be reliant on any other country,” said Elizabeth Economy, a senior fellow at the Council on Foreign Relations. “I don’t think fundamentally this is
But companies with lower credit ratings, which make up a significant share of all big companies and include household names like Ford and Macy’s, could find the public markets more expensive. Yum Brands, which has a relatively low, or “junk,” credit rating, set its interest rate at 7.75 percent on
The new legislation will allow the central bank to grow the size and scope of its programs and potentially push its boundaries even further. It funnels hundreds of billions into the Treasury Department’s Exchange Stabilization Fund that can be deployed to cover potential losses on the Fed’s loans to businesses,
On Monday, nearly 100,000 call attempts were made by 10 a.m., when the call center normally receives 6,000 calls in an entire week. The department put in place a new process under which those filing claims submit their forms at specified times based on their last names. Even so, Ms.
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