Retail spending cratered a record 8.7% in March. The new record dwarfs the previous record of 3.9%. Continue reading Retail Sales Plunge Record 8.7% Last Month
A new survey finds 43% of U.S. small businesses are fighting for survival in the wake of the Covid-19 pandemic.
24% of businesses surveyed have already closed on a temporary basis. Continue reading Survey Finds Almost Half of U.S. Small Business Will Permanently Close Without Help Soon
The study found that of the 379 profitable companies, 91 paid no federal income taxes. A further 56 companies paid rates between 0% and 5%. Continue reading Study: One Quarter of Profitable Fortune 500 Companies Paid $0 in Federal Income Taxes in 2018
The bill includes one-time payments of up to $1,200 for individuals, $2,400 for married couples filing jointly, and $500 per child. Continue reading $2 Trillion Coronavirus Relief Bill Signed into Law
This figure corresponds to 2% of all U.S. workers — 1 in 50. Continue reading 3.3 Million U.S. Workers Filed For Unemployment Last Week, Obliterating Previous Record
The index fell 30% over 22 days, the shortest duration on record. Continue reading S&P 500 Posts Fastest 30% Decline Ever, Faster Than During Great Depression
Spain has nationalized all private hospitals in effort to contain coronavirus outbreak. The European nation also declared a state of emergency, placing the country in lockdown. Continue reading Spain Nationalizes Private Hospitals, Declares Coronavirus Lockdown
Sunday’s move appeared to be the largest single-day action ever taken by the Fed on record. Continue reading Federal Reserve Slashes Rates to Near-Zero and Announces $700B Quantitative Easing
Delta Airlines is set to distribute $1.1 billion in profit sharing to its employees and is also the highest rated airline. Could profit sharing models have a positive impact on quality and efficiency? Continue reading Delta is the Industry Leader in Employee Profit Sharing and also the Best Rated Airline. Coincidence? We Think Not.
This is the second major increase in the minimum wage, which was raised by 16% in 2019. Continue reading Mexico to Raise Minimum Wage 20%