Coverage of the enormous repercussions of COVID-19.
Shutting down the U.S. economy in an effort to control the coronavirus outbreak came at enormous cost to American businesses. But the damage borne by African American entrepreneurs has been especially significant. Paul Solman reports on how black business owners…
By Paul Solman
One of the business sectors hit hardest by the novel coronavirus pandemic has been air travel. Passenger volume is down a stunning 96 percent in the U.S., while airline losses have topped $300 billion worldwide. Despite canceled flights, travelers are…
A sector of the economy that is being hit especially hard amid the coronavirus pandemic is the restaurant industry. In normal times, Americans were spending roughly as much money on dining out as they were at grocery stores. With restaurants…
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