Tracking by JPMorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further

The U.S. Is Battling Two Recessions, Not Just One

The country is in the middle of two simultaneous downturns — a short-term seizure caused by fear of coronavirus and a longer-term slump that will look more like a traditional recession. Unfortunately, the latter is just beginning.

New York City’s $70 Billion Tourism Industry on Hold Indefinitely

With theaters, museums and stadiums closed, the city looks nothing like its usual self at the height of the summer tourist season.