E.U. Set For a Worse Recession Than Expected: Live Business Updates
Here’s what you need to know:
The economic recession unleashed by the coronavirus in the European Union this year will be even worse
Worse
The Airline Business Is Terrible. It Will Probably Get Even Worse.
Delta Air Lines started 2020 celebrating what it said was the most successful year in company history. Not long after, it shared a record $1.6 billion in profits with its 90,000 employees. But with air travel nearly shut down by the coronavirus, the airline is now bleeding money and will
The Grapelord of Napa Faces a Threat Worse Than Plague
One balmy winter afternoon, Andy Beckstoffer, a grape grower who has done more than nearly anyone to shape the premium U.S. wine industry, was sitting in Mustard’s, a restaurant in Napa Valley that is a kind of clubhouse for the vintner class. Although Beckstoffer Vineyards, the largest private grower in
Rents Are Late, and ‘It’s Only Going to Get Worse’
“One way or the other, we have to get aid to smaller landlords so that the precious affordable-housing stock we have still exists on the other end of this crisis,” she said.
According to the Joint Center for Housing Studies at Harvard University, a quarter of the nation’s 44 million
Coronavirus Is Making the Public Pension Crisis Even Worse
California’s huge state pension system, known as Calpers, is offering a clue about the investment losses these programs face. It posts an investment snapshot, which suggests the total value of its investments has fallen by some $69 billion since mid-February, when it peaked at about $404 billion. Even then,