(Reuters) – The United States’ economic recovery showed signs of stagnation last week when the country struggled against rising coronavirus cases and an increasingly fractured government response, according to data from a broad set of industry sources and government. FILE PHOTO: A waitress takes customers’ temperatures when they come to …
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 …
Read More »China says it will stick to US trade deal, but will respond to ‘bullying’
BEIJING (Reuters) – China said Thursday it will stick to the Phase 1 trade deal it reached with the United States earlier this year, but warned that it will respond to Washington’s “intimidation” tactics as relations continue. deteriorating. FILE PHOTO: Hua Chunying, spokesman for the Chinese Foreign Ministry, speaks at …
Read More »Study Shows Americans Who Receive COVID-19 Unemployment Benefits Spend More Than They Work
FILE PHOTO: People line up outside the Kentucky Career Center before it opens to find help with their unemployment claims in Frankfort, Kentucky, USA, June 18, 2020. REUTERS / Bryan Woolston (Reuters) – Americans who received higher unemployment benefits due to the coronavirus pandemic spent more than when they worked, …
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