This is because she was only offered 15 to 20 hours a week by her employer, a trading company, instead of her previous full-time position. In addition, their overpayment was cut by $ 4, to $ 10. When her air conditioning broke down earlier this summer, she could only afford …
Read More »5 things you should know by July 31: coronavirus, 2020 election, economy, stimulus, hong kong
1. Coronavirus 2. Election 2020 3. economy America’s big economic comeback is wearing thin as coronavirus cases recover. The US economy contracted at an annual rate of 32.9% from April to June, its worst decline on record, and jobless claims rose for the second week in a row. Bleak economic …
Read More »United States consumer spending continues; declining revenue poses a challenge
WASHINGTON (Reuters) – US consumer spending rose for the second month in a row in June, setting consumption for a third-quarter rebound, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits. Concerns about skyrocketing coronavirus infections and expiring unemployment benefits …
Read More »Why the weak dollar is good for your investments
Image: Andy Dean Photography (Shutterstock) As the economic strugglesIt has been a difficult month for the US dollar. Our currency may be on its way to the weakest month in almost a decade, according to the Wall street journal. Two things have caused the recent decline: our coronavirus outbreak and …
Read More »The eurozone’s GDP contracts at the fastest rate in history, losing 12.1% in the second quarter
Reuters Eurozone GDP fell 12.1% in the second quarter, its biggest decline in history. This is significantly higher than the contraction of the Eurozone GDP of 3.6% from 3.6% Spain was the most affected country, with a decrease of 18.5% compared to the previous quarter. The European Union closed a …
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