Customers dine outside at the Via Carota restaurant in West Village, New York, June 26, 2020. Noam Galai | fake pictures American companies saw a spike in activity in early July as states eased restrictions to contain the new coronavirus pandemic, a Federal Reserve report showed Wednesday, but were unsure …
Read More »Beijing reports GDP for the second quarter of 2020
China reported that the country’s GDP grew 3.2% in the second quarter of this year, compared to the previous year, exceeding analyst expectations and recovering from the first quarter contraction. It occurs when the blockades to contain the coronavirus outbreak in China decreased, and when Beijing implemented stimulus measures to …
Read More »China’s economy grows again in Q2, more support needed to drive recovery
BEIJING (Reuters) – China’s economy is likely to return to modest growth in the second quarter after a record contraction, as the closure measures ended and politicians increased stimulus to combat the shock of the coronavirus crisis. Workers in facial masks, after the outbreak of coronavirus disease (COVID-19), work at …
Read More »Dow futures change little as index tries for fifth straight day of gains
A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | fake pictures Stock futures changed little in trading overnight Wednesday as the earnings season kicks off, giving investors a clearer picture of the overall health of American companies. Dow Jones Industrial Average …
Read More »US Paycheck Protection Reached Some of Its Brands, But Lost the Most Vulnerable
(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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