Partners

Sales at Costco fall in April as foot traffic curtailed by the shutdowns.

A precipitous decline in car sales amid the deadly coronavirus pandemic has caught the attention of Capitol Hill, where some lawmakers are issuing early calls for Congress to authorize new aid to the auto industry.

In less time than it takes a farmer to plant and harvest a head of lettuce, the nation’s entire food industry has been flipped on its head by the COVID-19 pandemic. An intricate system for matching supply with demand, established over decades, has been thrown out of whack just as unemployment and food insecurity are skyrocketing among families.

BlackRock Inc. Chief Executive Officer Larry Fink had a stark message for a private audience: As bad as things have been for corporate America in recent weeks, they’re likely to get worse.

The April 2020 jobs report, which will be released by the Bureau of Labor Statistics this Friday, is expected to give a chilling account of the labor market, showing layoffs surged and unemployment rose to Great Depression levels last month.

The coronavirus was officially declared a pandemic nearly two months ago, and measures to contain its spread have resulted in companies of all sizes closing their doors and mostly remaining closed since.

In his ninth-floor office on Paris’s Avenue Montaigne, Europe’s wealthiest man, Bernard Arnault, is spending long hours plotting a post-virus future for his luxury goods empire, LVMH. At 71, the billionaire has lived through several crises, but none quite like this one, with his armada of more than 70 brands -- from Dior to Fendi -- hit from all sides.

Morgan Stanley Investment Management's Andrew Harmstone advises investors to keep their portoflio risk level low and maintain a defensive position while looking for opportunities to add value in an environment of "extremely high" volatility.

A market downswing doesn't need to wreck your retirement.