WASHINGTON (Reuters) – Housing construction in the US increased in June in nearly four years amid reports of growing demand for housing in suburbs and rural areas, as companies allow employees to work from their homes during the COVID-19 pandemic. FILE PHOTO: A new home construction site is seen in …
Read More »China’s economy recovers after sharp decline, weak demand, US tensions increase risks
BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
Read More »Retail sales in the United States decline; high unemployment, COVID-19 rise looms over recovery
WASHINGTON (Reuters) – US retail sales rose more than expected in June as consumers bought high-priced items like motor vehicles and went out to dinner, but a resurgence in new COVID cases- 19 is impacting the budding recovery, keeping 32 million Americans unemployed benefits. Economists attributed the second consecutive monthly …
Read More »Retail sales in the United States decline; high unemployment, COVID-19 rise looms over recovery
WASHINGTON (Reuters) – US retail sales rose more than expected in June as consumers bought high-priced items like motor vehicles and went out to dinner, but a resurgence in new COVID cases- 19 is impacting the budding recovery, keeping 32 million Americans unemployed benefits. FILE PHOTO: People line up outside …
Read More »US retail sales exceeded expectations; weekly unemployment claims still high
WASHINGTON (Reuters) – US retail sales rose more than expected in June, but a resurgence in new COVID-19 cases is hurting the fledgling recovery, keeping 32 million Americans with profits from unemployment. FILE PHOTO: People line up outside the Kentucky Career Center before it opens to find help with their …
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