Economic impact

U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support.

What appeared to be a sharp V-shaped growth rebound from the first pandemic lockdown, now seems like a “W” -- these are among the myriad of letters and signs economists are using to describe the outlook for a world turned upside down by COVID-19.

The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends.

Walmart Inc, the world’s largest retailer, said on Friday it was selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the country grapples with an economic crisis.

Executives are more hopeful about the economy than they have been at any time so far during the COVID-19 crisis. Is an end to the pandemic at hand?

Six months. It may feel like an eternity, but that's how long it's been since states started enacting stay-at-home orders.

Williams’ business is one of nearly 70 U.S. Coca-Cola “bottlers” - third-party, independent companies that put Coke and other beverages into cans and bottles and deliver the drinks to retailers and restaurants in every corner of the country. The future of such companies is not only critical for their owners and employees, but also key for their main supplier - Coca-Cola, the world’s No.1 soft drink maker - which needs them to flourish to help it recover from a slump in sales.

Over the past 13 years, Audible has made an effort to integrate itself into the Newark community. When the pandemic struck, it doubled down.

The S&P 500 and Dow closed lower on Thursday after data painted a worrying economic picture on a crucial day for corporate earnings reports, while President Donald Trump exacerbated investor nervousness by floating the possibility of delaying the U.S. presidential election.

The U.S. economy suffered its worst period ever in the second quarter, with GDP falling a historic 32.9%. Economists surveyed by Dow Jones were looking for a decline of 34.7%. Neither the Great Depression nor the Great Recession nor any other slump over the past two centuries have ever caused such a sharp drain on the economy.