Here’s another byproduct of the coronavirus pandemic that is unfolding right now and that most people may not even know: The United States is experiencing a currency shortage. This is due in part to US mint cut production in the midst of the pandemic, but retailers are also grappling with …
Read More »Trump approves five-week extension for small business pandemic loan applications
FILE PHOTO: United States President Donald Trump speaks during a press conference on the US economy and new US employment and unemployment numbers in the Brady Press Room Press at the White House in Washington, USA, July 2, 2020. REUTERS / Tom Brenner WASHINGTON (Reuters) – United States President Donald …
Read More »Airlines are taking new bailout cash as prospects worsen
Text size Daniel Slim / AFP via Getty Images American Airlines Group and other companies are queuing for more rescue funds under the Care Act, as the industry faces an increasingly precarious situation due to an increase in coronavirus cases. Five major airlines signed a letter of intent with the …
Read More »The return of the March panic is the biggest risk to the S&P 500 right now. Here is the trigger
Hope for the COVID-19 vaccine and optimism ahead of employment data are boosting stocks as a long holiday weekend of July 4 awaits US investors. But as cities and businesses roll back reopens, some suggest caution with June payrolls (weekly jobless figures are coming, too). Christopher Dembik, head of macroeconomic …
Read More »Asian markets rise in hopes of vaccines, signs of improving global economy
Asian stock markets followed Wall Street higher on Thursday, as hopes of developing a coronavirus vaccine competed with concern over rising infections in the US. The Shanghai SHCOMP Composite Index, + 2.13% increased 0.7% and the Nikkei 225 NIK, + 0.11% in Tokyo added 0.6%. The Hang Seng HSI, + …
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