(Reuters) – The rise in coronavirus cases in the United States is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, vowing that the United States central bank “will do what we can, and for as long as necessary. ” “To limit damage and …
Read More »US tenants owe $ 21.5 billion in back rent; Republicans do not offer eviction
NEW YORK (Reuters) – More than $ 21.5 billion in past-due rent looms over Americans struggling to make ends meet, global advisory firm Stout, Risius and Ross estimated Wednesday as Republicans and Democrats scramble for a new aid package COVID-19. FILE PHOTO: Sandra Cruz, who lost her job due to …
Read More »The Fed chief says the increase in the coronavirus begins to affect the US economic recovery.
(Reuters) – The rise in US coronavirus cases and restrictions aimed at containing it have begun to weigh on the economic recovery, the head of the Federal Reserve said on Wednesday, signaling an apparent setback by consumers and a slowdown in the rehire of laid off workers, particularly for small …
Read More »American small businesses face massive closings without further pandemic help
OAKLAND, California / NEW YORK (Reuters) – After surviving two hits at age 27, Olivia Colt launched into a catering business, a dream of a lifetime. Ten years and another hit later, she had turned Salt & Honey Catering Plus Events into a thriving operation in downtown Oakland. Mary Foster …
Read More »Increased COVID-19 Cases Hurt US Consumer Confidence; the real estate market continues
WASHINGTON (Reuters) – US consumer confidence fell more than expected in July amid an outbreak of COVID-19 infections across the country, threatening the economy’s recovery from an unprecedented recession caused by the pandemic. FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store in North …
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