SEOUL – South Korea went into recession for the first time in 17 years as exports plunged due to the coronavirus pandemic. The Bank of Korea announced on Thursday that the country’s gross domestic product fell 3.3% in the April-June period from the previous quarter, when it contacted 1.3%. It …
Read More »A new stimulus package is expected today: $ 1,200 second stimulus checks, unemployment benefits may be included
This is what is inside the new stimulus package. Getty Senate Republicans are expected to present their long-awaited proposed stimulus package on Thursday, and this is what is likely to be inside. This is what you need to know. Second stimulus check How much does the second stimulus check cost? …
Read More »New stimulus package may be unveiled next week
Getty Getty The new stimulus package could be unveiled next week and could look like this. This is what you need to know. New stimulus Senate Majority Leader Mitch McConnell (R-KY) is expected to present a stimulus bill next week when Congress returns from recess. Senate Republicans, with input from …
Read More »The world’s most accurate economist says a full recovery in the United States is unlikely by 2022, and warns of a stock market correction before the end of the year.
Christophe Barraud, chief economist at stockbroker Market Securities, has been rated Bloomberg’s most accurate forecaster of US economic data eight years in a row. He told Business Insider that the United States will not return to its fourth quarter 2019 GDP of 2.1% until at least 2022, and for some …
Read More »Second-stimulus controls could harm student loan forgiveness
Getty Getty Second stimulus tests may be good news for many, but not necessarily if you have student loans. This is what you need to know. Second stimulus check If President Donald Trump has his way, a second stimulus check can be included in the next stimulus. While this is …
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