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The Atlanta Fed's latest model estimates a 52.8% GDP contraction this quarter as the US grapples with COVID-19

The Atlanta Fed's latest model estimates a 52.8% GDP contraction this quarter as the US grapples with COVID-19

21 minutes ago   |   Business Insider

A rolling GDP " nowcast " from the Federal Reserve Bank of Atlanta sees US growth shrinking 52.8% on the coronavirus' economic fallout. The estimate is down from a May 29...
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Construction spending falls less than expected

4 hours ago   |   Reuters   |   5 articles

U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis.
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India's strict Covid-19 lockdown puts 122 MILLION people out of work

India's strict Covid-19 lockdown puts 122 MILLION people out of work

7 hours ago   |   RT   |   7 articles

The Centre for Monitoring Indian Economy said on Monday that India's unemployment rate in May rose to 23.48 percent as a result of the pandemic lockdown. The May figure is...
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3 ways real estate will emerge from the pandemic stronger than before

8 hours ago   |   Inman   |   2 articles

Even in the best of times, buying or selling a home can be challenging. That's particularly true in the wake of COVID-19's impact on the economy and how we live our daily...
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Five charts that track the U.S. economy as states reopen

1 day ago   |   CNBC

As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.
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U.S. COVID-19 Tracker Update: Economy Missing a Spark

3 days ago   |   Economy   |   4 articles

Housing is doing well, but mobility data have not improved significantly.
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Zillow CEO Richard Barton on post-pandemic home buying trends

3 days ago   |   CNBC   |   2 articles

Richard Barton, CEO of Zillow, joins "Squawk on the Street" to discuss home buying as the economy reopens.
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Illinois, New Jersey, and New York are the only states reopening according to federal guidelines, a ProPublica analysis found

Illinois, New Jersey, and New York are the only states reopening according to federal guidelines, a ProPublica analysis found

3 days ago   |   Business Insider   |   5 articles

Illinois, New Jersey, and New York are the only three states to meet White House guidelines for reopening, a ProPublica analysis found. The three states are also the only ones...
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Trump administration delays update to economic forecast as 2020 election nears

3 days ago   |   Fortune

The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how...
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The real risk isn't the federal government's exploding debt. It's how it is structured that's so dangerous

3 days ago   |   Fortune

In 2008, eager homebuyers and developers found themselves lured by adjustable-rate mortgages and flooded into the market, creating the housing craze of the mid-2000s. Then came...
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Construction Spending Decreased in April

Construction Spending Decreased in April

From the Census Bureau reported that overall construction spending decreased in April: Construction spending during April 2020 was estimated at a seasonally adjusted annual... Read more ...

The US housing market shows signs it's inching toward recovery - but sellers...

The US housing market shows signs it's inching toward recovery - but sellers are still hesitating

Realtor.com looked at the 100 largest US metros and found that for the week ending May 23, the US housing market was showing signs of improvement. The report found that, among... Read more ...

A former director of $2.75 billion GitLab is now heading up the influential...

A former director of $2.75 billion GitLab is now heading up the influential foundation that's home to Kubernetes, the widely-used cloud computing project started at Google

On Monday, the Cloud Native Computing Foundation announced Priyanka Sharma, formerly of GitLab, as its new general manager. CNCF is best known for housing the popular open... Read more ...

The Cessna SkyCourier just took its first flight and has already fielded a...

The Cessna SkyCourier just took its first flight and has already fielded a 50-aircraft order from FedEx. Take a look at the world's newest American turboprop

Cessna's newest aircraft, the SkyCourier, has taken to the skies for the first time. The SkyCourier is a multi-use utility turboprop designed for both cargo and passenger use... Read more ...

Trump was rushed into a White House bunker used during past terrorist...

Trump was rushed into a White House bunker used during past terrorist attacks during Friday protests in Washington, DC

President Donald Trump was taken into the White House security bunker on Friday night amid protests against police brutality in downtown Washington, DC, The New York Times... Read more ...

Twitter changed its profile to honor Black Lives Matter amid George Floyd...

Twitter changed its profile to honor Black Lives Matter amid George Floyd protests

Twitter's official account rolled out nods to the Black Lives Matter movement on its profile as protests over George Floyd's death and police brutality raged across the US. The... Read more ...

Real estate agents reveal the top tips and tricks for using Zillow like a...

Real estate agents reveal the top tips and tricks for using Zillow like a pro to buy or sell a home

Zillow is one of the most popular real estate sites in the United States, with over 100 million listings. Business Insider spoke with real estate experts to get the inside... Read more ...

WeWork's US head of real estate is leaving the coworking giant as the firm...

WeWork's US head of real estate is leaving the coworking giant as the firm works through a major turnaround attempt

WeWork's head of real estate for the US, Canada, and Israel is leaving the company after two years. The executive, Aaron Ellison, had helped spearhead growth during the heady... Read more ...

Former Atlanta Mayor Sam Massell on rioting, looting: 'This felt like two...

Former Atlanta Mayor Sam Massell on rioting, looting: 'This felt like two steps backward'

“The destruction of property makes it harder for men and women of good will, whether black or white, to make progress and get reforms,” says the man who served as Atlanta's... Read more ...

Little Progress Made In Trump's Plan For Private Retailers To Test For...

Little Progress Made In Trump's Plan For Private Retailers To Test For Coronavirus

The White House promised widespread COVID-19 testing at CVS, Target, Walgreens and Walmart locations nationwide. But months later, testing is being offered at only a tiny... Read more ...