Coronavirus Business & Economy Impact News | Business Insider

Coronavirus: Business & Economy
COVID-19 Business & Economic Impact Tracker

As the coronavirus (also known as COVID-19) pandemic continues to spread globally, Business Insider Intelligence and eMarketer are continuing to work to analyze the business impact of the virus across each of our coverage areas.

Through our coverage below, get a better understanding of the business and economic implications coronavirus has on trends like remote working, consumer shopping behavior, global advertising spend, and essential industries like food, medical, travel, and transportation.

COVID-19 Business & Economy FAQs


A simple look at the stock market will tell you that coronavirus has led to a volatile economy, but there are numerous other factors at play. The initial outbreak of the coronavirus in China disrupted global supply chains. A record 3.28 million Americans filed for unemployment benefits in the week ending March 21 as coronavirus-induced layoffs surge around the US. Even when the short-term effects end, the long-term economic impact will ripple for years.

More than 99% of all businesses are small businesses1, and they employ about half the US workforce. Most small businesses lack the cash reserves to weather a month-long interruption, and forecasts indicate more than 2 million workers could lose their jobs in just one week as a result of the coronavirus pandemic. There’s also the possibility of a "startup depression," wherein new companies don't enter the job market because of the pandemic.

Hospitality and travel are two of the biggest industries impacted by COVID-19 thanks to travel cancellations, restaurant and bar closures, and low consumer confidence. Manufacturing and construction have largely held off on layoff decisions, but these industries could suffer the strain as consumer demand drops.

The CDC has outlined ways for businesses to adjust to the pandemic, such as assessing your essential functions and the reliance that others and the community have on your services or products.

Featured COVID-19 Articles


Zoom's surging subscriber growth highlights its potential staying power as Google and Microsoft look to steal market share

US digital travel sales will fall 45% this year, down more than $93 billion

US consumer spending's rise may be short-lived

Verizon and AT&T new pricing options could help attract prepaid subscribers amid economic downturn

Bank of America, Citi, Chase, and Wells Fargo have shifted employees to deal with defaulted loans

New research suggests students are learning considerably less from virtual environments

Major US ad agencies are facing an estimated 50,000 job losses in the wake of the coronavirus

Breaking down some of the biggest pandemic-driven shifts in consumer behavior

US retail sales to a record-setting nosedive in March due to the coronavirus pandemic

Coronavirus - Reports, Statistics & Marketing Trends

Latest Coronavirus data and analysis from eMarketer including reports, charts, and articles.
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Coronavirus Impact on Fintech & Banking Industry


The pandemic is spurring fintech regulation across the globe

A new US House of Representatives bill would exempt PPP loans from small banks' asset totals

Citi, JPMorgan Chase, Wells Fargo, and Bank of America saw consumer spending bounce back in Q3 2020

Millennial consumers are struggling to save money and manage credit amid the pandemic

Outlook for banks' digitization plans is darkening amid economic uncertainty

Coronavirus Impact on Retail & Commerce


Reinstating coronavirus measures due to an uptick in cases threatens retail efforts during the holiday season

A new Paysafe study outlines the pandemic's effects on in-store and online retail

Amex cardholders are saving up rewards points, presumably to redeem toward post-pandemic travel

Alibaba's Singles' Day sales likely won't be affected by the pandemic, as China's ecommerce market soars

How the pandemic will change 2020 holiday shopping behaviors

Mastercard saw minor improvement in Q3 as the card network entered its third phase of pandemic recovery

Coronavirus Impact on Healthcare Industry


Google Cloud's new AI suite hits on doctors' admin headaches

Most health execs expect widespread implementation of AI in the next 5 years

Half of US hospitals fell victim to the CMS' fines for high readmission rates

Younger patients are most affected by pandemic-induced changes to health insurance

Epic teamed up with UMinnesota to build an AI tool that identifies COVID-19

Coronavirus Impact on Digital Media & Advertising


Ebury and MarketFinance partnered to expedite the final stretch of the Coronavirus Business Interruption Loan Scheme

US ecommerce sales boomed despite retail struggles in Q2 2020

Despite an expected uptick in ad spending, media buyers don't anticipate spend to return to normal in 2020

Coronavirus Impact on Connectivity & Technology


Slack's new communication formats attempt to address two of the biggest pain points of remote work

Slack's new communication formats attempt to address two of the biggest pain points of remote work

Apple is reportedly pushing for an on-time 5G iPhone launch despite production delays to usher adoption outside of China

Facebook's new Workplace features double down on its social focus and in-house hardware integrations

Shopify is adding new tools as merchants lean on e-commerce during the pandemic

[REPORT] CORONAVIRUS AND 5G DEPLOYMENT ROADBLOCKS