Photo of a closed sign at an AMC Theater

Risk of Reopening US Economy Too Fast: A W-Shaped Recovery

WASHINGTON — When the coronavirus erupted in the United States, it triggered quarantines, travel curbs and business shutdowns. Many economists predicted a V-shaped journey for the economy: A sharp drop, then a quick bounce-back as the virus faded and the econo...
Photo of auto workers in Dearborn, Mich.

Factory Shutdowns Near WWII Demobilization Levels in US

WASHINGTON — American industry collapsed in March as the pandemic wreaked havoc on the U.S. economy. Manufacturing and overall industrial production posted the biggest declines since the United States demobilized after World War II. The lockdowns and travel...
Photo of a for sale sign in front of a house in Londonderry

US Pending Home Sales Trended Higher Before Virus Outbreak

BALTIMORE — Americans signed more contracts in February to buy homes, but the gains are likely relics of a moment before the coronavirus outbreak sent the U.S. economy spiraling into a likely recession. The outlook has deteriorated rapidly over the past month...
Photo of an empty NYSE floor

Stocks Rise on Wall Street, Heading for Three-Day Rally

NEW YORK — Stocks marched higher on Wall Street Thursday, putting the market on track for its first three-day rally in six weeks, even as the astonishing scale of the downturn slamming the economy because of the coronavirus becomes more apparent. Nearly 3.3...