The numbers: The number of Americans applying for unemployment benefits increased for the second consecutive week, a sign that economic growth may be stagnant in late July. Claims had declined steadily after peaking in late March. Initial jobless claims rose by 12,000 to 1,434 million in the week ending July …
Read More »The US economy Suffers a titanic drop of 32.9% in the second quarter, GDP shows and points to a prolonged recovery
The numbers: A coronavirus battered economy slowed to a record 32.9% per year in the second quarter, underscoring how big the hole the United States is in to recover from the deepest recession in US history. The wave of damage caused by the first global pandemic in a century was …
Read More »Dr. Fauci recommends wearing glasses to avoid contracting the coronavirus.
Dr. Anthony Fauci says that eye protection may be recommended at some point to help prevent the spread of COVID-19. The infectious disease expert sat down for a remote Q&A with ABC News via his Instagram account on Wednesday, and his comments on the glasses raised many eyebrows on social …
Read More »World gold demand declined in the first half of 2020, even as ETF inflows hit a record high
Global demand for gold declined in the second quarter and the first half of this year overall, but demand for gold as an investment rose to a record as holdings of exchange-traded funds reached a record high in late June, according to a report by the World Gold Council released …
Read More »UPS shares skyrocket to record after big gains and revenue as residential demand increased
Shares of United Parcel Service Inc. UPS, + 3.39% It shot up 10.6% to a record in pre-market trade on Thursday, after the parcel delivery giant reported second-quarter earnings with far-above-expected revenue amid rising demand. residential and health care shipments that emerged from the COVID-19 pandemic. Net income increased to …
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