National

New-Home Sales Actually Increased

Month-over-month April new-home sales were up 0.6 percent after a downturn that took place from the outbreak of COVID-19. Says Zillow: "The coronavirus pandemic has generated any number of nasty surprises over the past few months, but the unexpected strength… more

Hertz Files for Bankruptcy

Rental-car company Hertz has filed for bankruptcy after a major sales downturn that was fueled by COVID-19. "The impact of Covid-19 on travel demand was sudden and dramatic, causing an abrupt decline in the company's revenue and future bookings," said… more

Oil Prices Start to Come Back

Oil prices are gaining some ground after weeks of near-all-time-lows since the outbreak of COVID-19, due to the reduction of travel and the transportation of goods. It comes as Wall Street is set for a big uptick, and the New… more

Memorial Day 2020 — More Than Just a Holiday

If you’re sufficiently determined, and not particularly time-challenged, you can rummage around the voluminous files of the National Archives and eventually, you’ll come across this item: Hand, Sammy, hospital apprentice 1st class, USN. Parents, Mr. & Mrs. Albert Francis Hand,… more

Victoria’s Secret Parent Closing 300 Stores

L Brands, the parent company of Victoria's Secret, said it will close 250 of those stores due to them being shut for months due to COVID-19 and the resulting revenue loss. Meanwhile, the company is also closing Bath & Body… more

Projections See Worse May Unemployment

The forecasts coming in for May unemployment are grim, with economists saying that an additional 10.3 million jobs could be lost in May, on top of the 20.3 million in April. "It is looking like May is shaping up to… more

KCI Expects June Flights to Decrease

Flights at Kansas City International Airport are expected to fall in June, with 100 less daily departures year over year, due to COVID-19. There are about 20 routes suspended, which will result in 108 fewer daily departures and 14,791 fewer… more

Report: Earlier Social Distancing Could Have Save Thousands

A new Columbia University report says that tens of thousands of lives would have been saved if social-distancing measures would have been put in place more quickly in the United States. If the measures were put in place one week… more

Most Small Businesses Want PPP Loans Forgiven

About 80 percent of small businesses that are members of the National Federation of Independent Businesses have applied for SBA loans, and 54 percent are hoping for them to be forgiven, according to a recent survey. “Small businesses continue to… more

Fed Voices Extreme Economic Uncertainty

Federal Reserve leaders are worried about a continued spike in COVID-19 cases that could impact the economy longer term, even though locales are reopening for business. The Fed, which has cut interest rates near zero, sees potential major economic further than… more