Economy

The Economy Is Crashing But Booze Sales are Booming Amid Coronavirus

Consumer spending has slowed down in many areas, but alcohol sales are booming. Americans cannot go out to restaurants and bars, so they drink alcohol at home to pass the time and handle the stress. The coronavirus pandemic has caused millions of job losses. Alcohol sales might fall in April if people spend more on…

Economy Got You Down? There’s a Ton of Free Games to Play This Weekend

There’s no shortage of free games to play this weekend. Epic Games and Steam are offering games to keep forever, alongside trial periods of popular games like Cities: Skylines and Sandstorm: Insurgency. Ubisoft is also running a multi-platform Ghost Recon Breakpoint free weekend. Whether you’re on the look-out for your next go-to or need a…

Chinese Economy Collapses in the First Quarter – Is the U.S Next?

Analysts have repeatedly underestimated the economic impacts of the growing Wuhan coronavirus pandemic. The latest data from China show that economic activity in January and February collapsed due to lockdowns and weak consumer demand. China’s economic doom could be an omen for the rest of the world. The stock market’s pain is likely just beginning.…

China’s Economy on the Brink as Coronavirus Fears Intensify

Coronavirus fears are already hurting China’s economy. The government’s widespread quarantines suggest the problem could be much worse than we think. Chinese social media posts give clues about the true extent of the crisis. The world may be on the verge of the next global pandemic. So far, the Wuhan coronavirus has infected over 2,000…

Dow Snaps Out of Rut as Economy Survives Another Crucial Test

The Dow, S&P 500, and Nasdaq resisted the temptation to extend their slump on Thursday. All three stock indices secured substantial gains as trade war developments trended in a positive direction. Meanwhile, the US economy continues to defy recession warnings. The Dow snapped out of its single-day slump on Thursday, racing toward a triple-digit rally…