The Bulls assure the American consumer – and the stock market – will hold a fine, even if politicians fail to allow a second round of financial stimulus before next month’s election. Some economists, however, are skeptical about how much electricity consumers will be able to buy after the accepted …
Read More »Rise in unemployment claims still reflects wrestling of the US economy
WASHINGTON (AP) – The coronavirus recession hit fast and violently. Now, with the U.S. economy still five months later in the grip of the outbreak, the recovery looks fit and uneven – and painfully slow. The latest evidence came Thursday, when the government reported that the number of workers applying …
Read More »US weekly unemployment claims:
Unemployment insurance claims fell below $ 1 million last week for the first time since March 21 in a sign that the labor market is continuing its recovery from the coronavirus pandemic. The total claims of 963,000 for the week ended August 8 were well below the estimate of 1.1 …
Read More »European equities stand after Trump unilaterally expands unemployment benefits
US President Donald Trump signs executive orders to boost economic relief from coronavirus, during a news conference in Bedminster, New Jersey, on August 8, 2020. jim watson / Agence France-Presse / Getty Images European stocks rose on Monday, fueled by a move by US President Donald Trump to extend unilateral …
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