ECONOMY

Economy

The Pandemic Has Hit Some Businesses Hard, Others Are Benefiting

3:24pm July 31, 2020

by Scott Horsley

In a week of bleak economic news, some companies are finding ways to prosper. Amazon notched record profits during its most recent quarter, but Google's parent company saw its first drop in sales.

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Economy

Nobel Prize-Winning Economist Offers Insights Into Historic Economic Decline

8:13am July 31, 2020

NPR's Rachel Martin speaks with economist Paul Romer about the worst GDP numbers in U.S. history, and what's ahead for the economy. He says the current decline is worse than the 2008 recession.

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Members Of The Class Of 2020 Face A Brutal Job Market

7:45am July 31, 2020

by Uri Berliner

New college graduates fortunate enough to land jobs during the pandemic begin their careers under bizarre circumstances — they often haven't met their bosses and coworkers in person.

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News Brief: Pandemic Sales, COVID-19 Hospital Data Glitches, 2020 Census

7:43am July 31, 2020

Even in financial uncertainty, some firms turn a profit. Major glitches reported in a federal government database for hospital data. And, the Census Bureau's door-knocking program will end early.

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An Amazon delivery truck is parked outside a warehouse in France on April 16. The online retail giant's revenues and profits soared in the second quarter.

Amazon Doubles Profit To $5.2 Billion As Online Shopping Spikes

8:35pm July 30, 2020

by Alina Selyukh

The company's sales went through the roof between April and June, hitting close to $89 billion — a 40% increase from a year earlier. Amazon added 175,000 new hires to help keep up with the demand.

3 Months Of Hell: U.S. Economy Drops 32.9% In Worst GDP Report Ever

6:03pm July 30, 2020

by Scott Horsley

The coronavirus triggered the sharpest economic contraction in modern history in the second quarter as the pandemic hammered the economy, the Commerce Department said Thursday.

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Experts Doubt The Strength Of Economy's Recovery As Coronavirus Rates Grow

4:33pm July 30, 2020

by Scott Horsley

The pandemic triggered a historic drop in the U.S. economy this spring. And a hoped-for summer rebound could be short-circuited, as infection rates grow around the country.

A view of the banking district in Frankfurt, Germany, on Thursday. Government statistics show the German economy contracted by 10.1% in the second quarter of this year.

Germany's Economy Suffers Biggest Quarterly Drop On Record

4:04pm July 30, 2020

by David Welna

The decline in economic output from March through June was worse than economists expected. Still, the downturn has not inflicted large job losses for Europe's biggest economy.

State Utility Shut-Off Moratorium Ends This Week

7:02am July 30, 2020

by Eddie Garcia

A state moratorium on shutting off utilities due to non-payment expires this week. Governor Roy Cooper says a new program is coming.

News Brief: GDP Preview, Federal Agents Step Back In Portland, Big Tech Hearing

6:30am July 30, 2020

Commerce Department expected to release grim economic report. Federal law enforcement officers are standing down in Portland, Ore. Four big tech CEOs testify before House panel's anti-trust hearing.

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