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The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.
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The Fed leaves interest rates near zero as expected, and promises to use all of its tools to support the economy. Officials project unemployment above 9% at the end of this year.
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The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.
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The coronavirus recession is the second — or even third — economic downturn of millennials' adult lives. That could mean reduced wages for life.
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In a letter to shareholders, the JPMorgan Chase CEO applauds the government and the Fed for quick work, but says the pandemic will have devastating consequences for the global economy.
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People along the St. Lawrence River love to watch and take photos of the huge freighters that move through the water every season. If you’ve been…
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New York state finds itself with a five billion dollar surplus -- something that hasn't happened in a while. It's thanks in large part to bank settlements…
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A new report on the status of workers finds the period since the 2008 market crash may turn out to be a “lost decade” for New Yorkers, as wages stagnate…
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Upstate New York is having a hard time getting over the recession. Unemployment in upstate rose to 8.5 percent in August, close to one percentage point…
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Syracuse University announced this month that it has reached the $1 billion mark in its fundraising campaign, which was launched in 2005. University…