The unemployment rate fell to 10.2%, the Bureau of Labor Statistics reported Friday, but remains above the Great Recession high of 10% reached in October 2009. Friday’s report had good and bad parts, and economists are still trying to grasp how the labor market behaved in this unparalleled situation. For …
Read More »“Everything is gone.” Flooding in China is ruining farmers and risking rising food prices
“The crops have completely failed,” Bao told CNN Business in an interview on the social media app WeChat, adding that his family has already lost about 200,000 yuan ($ 28,000) worth of products. “The rice was almost ripe and ready for the harvest before the flood. But now everything is …
Read More »Saudi Aramco profit drops 50% for H1 2020 as pandemic bats oil price
An offshore drilling rig is located in shallow waters near the Manifa offshore oil field, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Oil giant Saudi Aramco has reported a 50% drop in net income for the first half of its fiscal year, …
Read More »Will you get a second incentive check in Trump’s executive order?
President Donald Trump (Photo by Paul Hennessy / SOPA Images / LightRocket via Getty Images) SOPA Images / LightRocket via Getty Images Will President Donald Trump send you a second incentive letter by executive order? Here’s what you need to know. Second stimulus controls Trump today signed executive orders for …
Read More »Trump includes jobs that show reporting signal
The White House is trying to capitalize on the latest numbers of jobs, claiming they point to a strong economic recovery among President TrumpDonald John TrumpJoe Arpaio loses bid for his old position as Sheriff Trump blames opinion that Russia denigrates Biden: ‘No one is harder on Russia than I …
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