It has been a difficult start of the year for commercial aerospace, as the COVID-19 pandemic has sunk global travel demand and sent airlines scrambling to cut costs and avoid liquidity issues. Airlines are grounding jets and canceling expansion plans, putting the companies that
COVID-19 has been wreaking havoc on the U.S. economy for close to two months now. Thankfully, there's been relief for struggling Americans, specifically in the form of a $1,200 stimulus payment that millions of people have already received in their bank accounts. But when we dig
For better or worse, Social Security is our country's most successful social program. For more than 80 years, it's been making payments to eligible retired workers without fail, and is responsible for pulling more than 22 million people out of poverty each and every year.
These have not been the best of times for the banking industry. The average bank stock is down about 39% year to date, and the vast majority have suffered steep earnings losses in the first quarter. Cleveland-based KeyCorp (NYSE: KEY), which owns KeyBank, is no exception.
The spread of COVID-19 (more commonly known as coronavirus) has sparked increased concerns about a 2020 recession. The worry is that quarantines and a possible disruption to the supply chain could tip the economy into a recession. Even if a coronavirus recession doesn't occur,