Economy

The $16 TRILLION bug: Pandemic could cost US economy its entire annual output

2 days ago   |   By RT

The US economy may lose a whopping $16 trillion due to the devastating impact of the Covid-19 outbreak, both in output and people's lives, new research has found.
While most studies assess the costs of the deadly virus by its impact on the national gross domestic product , a paper published in the Journal of the American Medical Association earlier this week offered a different approach.
The authors of the study - former Treasury Secretary Lawrence Summers and Harvard University economist David Cutler - also took into account losses associated with those who have died due to the virus, in...
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Can Frozen Food Packaging Spread Covid-19? China CDC Finds Live Coronavirus

Can Frozen Food Packaging Spread Covid-19? China CDC Finds Live Coronavirus

2 days ago   |   By Forbes

The China CDC has detected and isolated live Covid-19 coronavirus from the outer packaging of imported frozen cod while contact tracing an outbreak in Qingdao, China.
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U.S. Department of Justice files antitrust lawsuit against Google

U.S. Department of Justice files antitrust lawsuit against Google

The U.S. Justice Department alleges that Google carries out anticompetitive business practices and maintains monopolies in search and advertising. Read more ...

US home construction up 1.9% in September to 1.4 million

US home construction up 1.9% in September to 1.4 million

WASHINGTON - U.S. home construction rose a solid 1.9% in September after having fallen in the previous month, as home building continues as one of the bright spots of the economy. Read more ...

In a leaked memo, Google CEO Sundar Pichai calls for employees to keep their...

In a leaked memo, Google CEO Sundar Pichai calls for employees to keep their focus amid a new antitrust lawsuit: 'Keep doing what you're doing'

Summary List Placement The Department of Justice has hit Google with a lawsuit that accuses the company of abusing its monopoly to give itself an unfair advantage in search and... Read more ...

'Stronger than ever': Here's what 4 Wall Street banks expect from Netflix's...

'Stronger than ever': Here's what 4 Wall Street banks expect from Netflix's 3rd-quarter earnings report

Summary List Placement Netflix is set to report third-quarter earnings Tuesday afternoon, offering investors the latest look at how its subscriber growth has held up after... Read more ...

Nancy Pelosi walks back the Tuesday deadline she previously set for a...

Nancy Pelosi walks back the Tuesday deadline she previously set for a stimulus deal with the White House

Summary List Placement House Speaker Nancy Pelosi said on Tuesday that the deadline she set to negotiate a pre-election stimulus deal wasn't, in fact, a deadline at all. During... Read more ...

Google is expected to counter the DOJ's historic antitrust lawsuit with...

Google is expected to counter the DOJ's historic antitrust lawsuit with claims that it's misunderstood and faces plenty of competition

Summary List Placement Google is gearing up for an antitrust battle that could revolutionize how tech giants function. On Tuesday, the United States Department of Justice filed... Read more ...

Melania Trump has a lingering cough after her COVID-19 diagnosis and will...

Melania Trump has a lingering cough after her COVID-19 diagnosis and will cancel a campaign appearance in Pennsylvania

Summary List Placement First lady Melania Trump is dealing with a lingering cough after her coronavirus diagnosis earlier this month and will not make a Tuesday campaign... Read more ...

The economy will be just fine without more stimulus - but markets could sell...

The economy will be just fine without more stimulus - but markets could sell off sharply, says one top strategist

Summary List Placement The US economic recovery can continue without fresh stimulus, but the lack of a near-term deal could rankle markets, Seema Shah, chief strategist at... Read more ...

We got an exclusive look at the pitch deck that Tony Fadell-backed Menlo...

We got an exclusive look at the pitch deck that Tony Fadell-backed Menlo Micro used to raise a $44 million Series B to reinvent the electric switch

Summary List Placement The circuit breaker was invented by Thomas Edison in 1897, and if you ask Menlo Micro CEO Russ Garcia, not much has changed with the technology since... Read more ...

Welcome to the world of 'social commerce,' where brands like Mucinex use...

Welcome to the world of 'social commerce,' where brands like Mucinex use Youtube fashion shows to launch loungewear lines designed to break the internet

Summary List Placement Anyone who's ever had a cold knows Mucinex. The over-the-counter decongestion medication is a stalwart staple of medicine cabinets everywhere. But on... Read more ...