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Six COVID deaths reports in Tarrant County on Thursday

Tarrant County Public Health on Thursday, Oct. 29 reported six COVID-19 deaths. The deceased include a man from Mansfield in his 90s,...

Tarrant County reports 5 COVID deaths

Tarrant County Public Health on Wednesday, Oct. 28 reported five COVID-19 deaths.The deceased include two women from Fort Worth in their 70s,...

El Paso officials ask residents to stay home for two weeks as COVID-19 hospitalizations surge

By Cassandra Pollock and Julián Aguilar, The Texas Tribune Oct. 25, 2020 "El Paso...

Tarrant County reports 2 COVID deaths on Sunday

Tarrant County Public Health on Sunday reported two COVID-19 deaths. The deceased include a woman from Forest Hill in her 80s and...

Never before has an economic catastrophe hit so hard, so fast. The U.S. gross domestic product — the broadest measure of economic output — will collapse from April to June in what is sure to be the ugliest quarter ever captured in Commerce Department records dating to 1947. The cause is no mystery: To combat the coronavirus outbreak, businesses have closed, flights have been cancelled and Americans have isolated themselves at home, bringing economic life to a near-standstill. Capital Economics expects the U.S. economy to plummet at a 40% annual pace in the second quarter. How bad is that?
The previous record for an economic free-fall was set in 1958. In the first quarter of that year, GDP plunged at a 10% annual pace in a short but nasty downturn. Economists blame tight-fisted policy by the Federal Reserve and cuts in defense spending for the eight-month 1957-1958 “Eisenhower Recession.” But in a report last month, Alambic Investment Management noted another, familiar-sounding “major culprit’’: The Asian Flu, which surfaced in Singapore in February 1957, and ultimately killed about 116,000 people in the United States and 1.1 million worldwide.

Latest News

Industrial park coming to Arlington

A logistics real estate giant is developing a master-planned industrial park in Arlington that could cost more than $65 million.

Pier 1 returns via REV with virtual retail presence

Fort Worth’s legendary home furnishings retailer Pier 1 is back – virtually at least. Retail Ecommerce Ventures (REV) on Oct....

Textron: 3Q Earnings Snapshot

PROVIDENCE, R.I. (AP) _ Textron Inc. (TXT) on Thursday reported third-quarter net income of $115 million.On a per-share basis, the Providence, Rhode...

Exxon to cut 1,900 US jobs as oil industry struggles

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — Exxon Mobil is slashing 1,900 jobs from its U.S....

Self-driving tech company opening location in Alliance

TuSimple, a self-driving technology company that focuses on heavy-duty trucks, is coming to AllianceTexas’ Mobility Innovation Zone (MIZ) in north Fort Worth.