(Reuters) – The Paycheck Protection Program appears to have thrown a critical safety net under the US mid- and upper-middle-income jobs, but faltered when it comes to lower-paid jobs and industries hardest hit by the coronavirus pandemic, according to a Reuters analysis of the loan details. FILE PHOTO: People visit …
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TOKYO (Reuters) – Tokyo raised its coronavirus alert to the highest “red” level on Wednesday, alarmed by a recent surge in new daily cases to record highs, with Governor Yuriko Koike describing the situation in the Japanese capital as “quite severe ” The resurgence of the virus in Tokyo could …
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WASHINGTON (Reuters) – The US economy will recover more slowly than expected amid a surge in new cases of coronavirus across the country, and a broad second wave of the disease could cause economic pain to deepen again Federal Reserve officials warned Tuesday. FILE PHOTO: A pedestrian walks past a …
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WASHINGTON (Reuters) – US consumer prices rose the most in nearly eight years in June when companies reopened, but the underlying trend suggested that inflation would remain silent and allow the Federal Reserve to continue to inject money into the economy. In crisis. FILE PHOTO: A merchant works inside his …
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SAN FRANCISCO (Reuters) – As the United States prepares for presidential, congressional and local elections in November, the country’s economy is also on a roller coaster. FILE PHOTO: Information signs are seen at the Destiny USA shopping center during the reopening, as restrictions on coronavirus disease (COVID-19) are eased in …
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