Unemployment claims filed during the week ending June 27 dipped 3.7 percent from the previous week, but 13.2 percent of Americans were still unemployed as of June 20, the Department of Labor reported on Thursday.
Wall Street celebrated its best quarter since 1987, with the Dow gaining 17 percent from April through June, and private-sector employment increased by more than 2.3 million from May to June.
The Goldman Sachs investment bank said forcing all Americans to wear masks would protect the GDP from taking a five-percent hit while helping avoid more lockdowns.
The consumer financial website WalletHub released its “Best- & Worst-run Cities in America” on Monday, and there were a number of surprises.
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) reported on Friday that consumer spending jumped to a new record in May: 8.1 percent over April, more than double the all-time high ever recorded. Just in time for the election! by Bob Adelmann
The wreckage from the Chinese Virus pandemic and imprudent shutdown of the economy by panicked public officials is far from finished. And that could spell trouble for President Trump come Election Day.
If the Fed needs the help of the Treasury to accomplish its purposes, who is in charge: the Fed, or the U.S. Treasury? If the Treasury, then does that make President Trump the new Fed chairman?
After the Fed announced it would expand its efforts to “support” the economy by buying corporate bonds, Wall Street rebounded nearly 1,000 points on the news.