• The big debate among economists is whether a rebound from coronavirus lockdowns will resemble a V, a W, an L or a Nike Swoosh. Increasingly, economists and analysts are penciling in another glyph: a question mark. Link
    DealBook Sat 30 May 2020 11:04

    WASHINGTON — There is widespread agreement that the United States economy will soon begin to recover from coronavirus lockdowns. The big debate is whether that rebound will resemble a V, a W, an L or a Nike Swoosh.

  • A compensation fund for women who said Jeffrey Epstein victimized them has taken a step closer to becoming reality. Link
    DealBook Sat 30 May 2020 09:49

    A plan by the estate of Jeffrey Epstein to establish a compensation fund for dozens of women who say they were sexually abused by the financier as teenagers is on the verge of becoming a reality.

  • Auto shoppers typically use the internet to browse and arm themselves with information, but they go to dealers for most transactions. With the coronavirus and stay-at-home orders, that is changing. Link
    DealBook Sat 30 May 2020 08:29

    After more than a decade of getting around New York City almost exclusively by subway and bus, Nicole Avallone decided to buy a car in April after watching the rapid spread of the coronavirus.

  • Cost cutting by automakers will feed political dissent in Europe. Workers at Nissan and Renault have already taken to the barricades. Link
    DealBook Sat 30 May 2020 06:59

    FRANKFURT — About eight million people around the world earn their living making cars and trucks. It’s becoming clearer that not all of them will come out of the pandemic with jobs.

  • “We’ve had discussions all my career about V-shaped recoveries, L-shaped, U-shaped,” said the president of the Federal Reserve Bank of New York. “One thing I’ve learned is, don’t get into that letter game.” Link
    DealBook Sat 30 May 2020 01:19

    WASHINGTON — There is widespread agreement that the United States economy will soon begin to recover from coronavirus lockdowns. The big debate is whether that rebound will resemble a V, a W, an L or a Nike Swoosh.

  • Renault plans to cut 8 percent of its workforce, cut production by one-fifth, and pull out of China. Link
    DealBook Fri 29 May 2020 21:34

    FRANKFURT — About eight million people around the world earn their living making cars and trucks. It’s becoming clearer that not all of them will come out of the pandemic with jobs.

  • Around eight million people earn their livelihoods working for car companies. Renault made it clear Friday that not all of them will come out of the pandemic with jobs. Link
    DealBook Fri 29 May 2020 20:04

    FRANKFURT — About eight million people around the world earn their living making cars and trucks. It’s becoming clearer that not all of them will come out of the pandemic with jobs.

  • The growing data economy and the rise of American rentership have fueled a rapid expansion of the tenant screening industry, now valued at $1 billion. The industry produces cheap and fast — but not necessarily accurate — reports. Link
    DealBook Fri 29 May 2020 13:33

    Burglary and domestic assault in Minnesota. Selling meth and jumping bail in Kentucky. Driving without insurance in Arkansas. Disorderly conduct. Theft. Lying to a police officer. Unspecified “crimes.” Too many narcotics charges to count.

  • The equivalent of one out of every four American workers have filed for unemployment benefits since the coronavirus pandemic grabbed hold in mid-March – rivaling the bleakest years of the Great Depression. Link
    DealBook Fri 29 May 2020 13:23
    Matthew Wilson lost his barista job in Philadelphia, then was turned down for unemployment benefits because he had been working in the state for less than a year.Credit...Hannah Yoon for The New York Times
  • From elevator etiquette to temperature checks, the C.D.C. weighs in on best ways for corporate offices to reopen their doors. Link
    DealBook Fri 29 May 2020 12:43

    Upon arriving at work, employees should get a temperature and symptom check.

    Inside the office, desks should be six feet apart. If that isn’t possible, employers should consider erecting plastic shields around desks.

  • In today's DealBook Briefing: Trump takes aim at social networks over the treatment of his tweets, dollar-store chains take in the big bucks, and a twist in the "Varsity Blues" case could lead to lighter sentences for defendants. Link
    DealBook Fri 29 May 2020 11:28

    President Trump signed an executive order yesterday seeking to strip social networks of legal protections for user content. It’s unclear whether this is legally possible, and the threat of it didn’t seem to deter Twitter, the main target of Mr. Trump’s anger.

  • Americans who found relief in extra unemployment funds and stimulus checks are holding their breath as the cutoff dates for those programs inch closer. Link
    DealBook Fri 29 May 2020 10:18
    After Julie Glasser was laid off in March, benefits from the CARES Act provided “a huge relief,” she said, but “then it’s also this thought bubble up above my head of, ‘How long is this going to last?’”Credit...Mason Trinca for The New York Times
  • California regulators approved a plan that would allow Pacific Gas & Electric to emerge from the bankruptcy case it filed last year, clearing the last major hurdle the company faced. Link
    DealBook Fri 29 May 2020 08:48

    California regulators on Thursday approved a plan that would allow the state’s biggest utility, Pacific Gas & Electric, to emerge from the bankruptcy case it filed last year, clearing the last major hurdle the company faced.

  • Critics say the changes could defang crucial rules that ensure poor communities have access to the financial system Link
    DealBook Fri 29 May 2020 07:18

    Joseph Otting, the top overseer of the country’s largest banks, drew from his own experiences as a banker to rewrite rules for the Community Reinvestment Act. Not everyone is on board.

  • A review of hundreds of federal lawsuits filed against tenant screening companies over the past 10 years shows how hasty, sloppy matches can lead to reports that wrongly label people deadbeats, criminals or sex offenders. Link
    DealBook Fri 29 May 2020 03:08

    Burglary and domestic assault in Minnesota. Selling meth and jumping bail in Kentucky. Driving without insurance in Arkansas. Disorderly conduct. Theft. Lying to a police officer. Unspecified “crimes.” Too many narcotics charges to count.

  • The Labor Department report marks the eighth week in a row that new jobless claims, on a seasonally adjusted basis, dipped from the peak of almost 6.9 million — but the level is still far above any other historical highs. Link
    DealBook Fri 29 May 2020 01:38
    Matthew Wilson lost his barista job in Philadelphia, then was turned down for unemployment benefits because he had been working in the state for less than a year.Credit...Hannah Yoon for The New York Times
  • What does @joerogan’s estimated $100 million podcasting deal with @Spotify say about the media industry at large? Join @bariweiss, @andrewrsorkin and @jkaraian as they discuss on this week's @Dealbook Debrief. Tune in Thursday 5/28 at 11AM ET. RSVP now: Link
    DealBook Thu 28 May 2020 14:47

    Short bio here 40 words. Igendi dolupit volene aut excea velenient ut voluptia cus ape natus utecte porrovite re net aut aruptam dolore sitat.Igendi dolupit volene aut excea velenient ut voluptia cus ape natus utecte porrovite re net.

  • Going by the conventional wisdom, the current collapse in profit expectations should be clobbering share prices. But investors don’t appear to be taking their cues from analysts. The S&P 500 has soared more than 30 percent over the last two months. Link
    DealBook Thu 28 May 2020 13:27

    Wall Street analysts have grown increasingly pessimistic in recent weeks about the outlook for corporate profits, even as investors have pushed markets steadily higher, breaking the link between analyst forecasts and the direction of stock prices.

  • Barbara Sher often said she didn't believe in self improvement, but she thought she could help people make their lives better. Link by @greenpnyt
    DealBook Thu 28 May 2020 13:27

    Barbara Sher, a motivational speaker and author with a comedian’s timing and a dislike of blathery self-help tropes, died on May 10 at 84 at a hospital in Pomona, N.J. The cause was acute respiratory failure, said Patty Newbold, a friend and a business partner.

  • “Oliver Williamson’s work underlies a tremendous amount of modern economic thinking,” Paul Krugman wrote in The New York Times. Professor Williamson, a fellow Nobel laureate, has died at 87. Link
    DealBook Thu 28 May 2020 13:22

    Oliver E. Williamson, an economist whose groundbreaking work on analyzing the structure of organizations was honored with the 2009 Nobel Memorial Prize in Economic Sciences, died on May 21 in Oakland, Calif. He was 87.

  • Walt Disney World has a plan to reopen in mid-July, but safety protocols shows how difficult it will be to operate once-booming attractions as the country prepares for a broader reopening. Link
    DealBook Thu 28 May 2020 13:22

    The Florida resort is one of the largest tourist sites in the world, but capacity will be limited, face masks will be mandatory, and it won’t be possible to get up close and personal with characters.

  • Genesis operates nursing homes in 26 states and is one of the few publicly traded companies in the industry. Its size makes it something of a bellwether. Link
    DealBook Thu 28 May 2020 12:42

    The nation’s biggest nursing home operator, Genesis HealthCare, has received more than $300 million in government grants and loans to help it grapple with the coronavirus pandemic that has killed about 1,500 of its residents.

  • In Today's DealBook Briefing: The politics of statistics, Hong Kong's loss of status, those poor millennials, Europe's "green" stimulus, Joe Rogan's millions and the pandemic's biggest winners. Link
    DealBook Thu 28 May 2020 11:47

    In this quarter, the U.S. economy is expected to record the largest decline on record. But many expect it to bounce back in the next, perhaps at the fastest ever rate. A similar pattern could follow for jobs, with millions fired in the spring and millions hired in the summer. Such is the statistical weirdness that results from a pandemic.

  • It took less than two months for many people in China to leave behind their anger and despair over the coronavirus crisis and the government’s bungled response. Today, they believe China triumphed over the outbreak. Link
    DealBook Thu 28 May 2020 11:37
    Chan Koonchung in Hong Kong. The protagonist of his latest novel is the spirit of a boy killed in the 1989 Tiananmen Square crackdown.Credit...Lam Yik Fei for The New York Times
  • Since March, when the coronavirus crisis began to shut businesses en masse, a generation of professionals has seen careers enter a state of suspended animation. As a result, even well-connected high earners are suddenly in unfamiliar territory. Link
    DealBook Thu 28 May 2020 10:17

    After five years at the wellness industry start-up she co-founded in San Francisco, Hasti Nazem decided it was time for her next adventure in Silicon Valley. Her last day was March 5.

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