Author: Paul Davidson, USA TODAY

A core measure of consumer prices posted the sharpest decline on record because of COVID-19. But it may not last and it’s no reason to celebrate.

Some 30% of America’s economy has evaporated, leading to 20.5 million job losses and soaring unemployment.

Ready Capital has kept thousands of small businesses waiting for critical loans as it struggled to meet demand

Economists forecast 21.5M job losses and 16% unemployment in April report due Friday. But such numbers don’t account for millions who left labor force.

Deflation, or falling prices, is another risk for the economy. Falling demand for goods and services could push down prices, creating a toxic cycle.

Fed holds key interest rate near zero, vow further aggressive action to fight the effects of the coronavirus.

Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic.

Small businesses are scrambling to secure federal loans to survive the coronavirus fallout. Many have days to survive. Others are wary of the loans.

Another 6.6 million workers file unemployment benefit claims as the coronavirus shuts down the economy and layoffs mount.