The layoffs come just a few weeks after Carvana posted a $506 million loss in the first quarter, six times larger than the same period a year ago.

Retailers have started limiting purchases to 3 containers per customer.

The Federal Reserve no longer views the coronavirus pandemic as the biggest threat.

For now, even the more pessimistic economists don’t expect a downturn anytime soon, but some say the risk is rising.

Stocks deepened their losses on Wall Street Monday, sending the S&P 500 to its lowest close in more than a year.

The S&P 500 tumbled 3.2%, deepening its losses following five straight down weeks, its longest such streak in more than a decade.