Two thirds of jobless Americans have higher incomes than before the pandemic thanks to...
Democrats in the American Congress demand the extra subsidy of $600 a week to be paid until the end of July. Yet, Republicans argue...
More than 4 million Americans are skipping their mortgage payments
Roughly 4,1 million Americans are belated with their mortgage payments, the Mortgage Bankers Association reported. Number of requests for deferred payments has reached record-high...
Fed Chairman Powell: Recovery will take some time and may not happen without a...
Economy will rebound, but it may take some time. The recovery may last until the end of next year. “We really don’t know,” Powell...
Fed Chair gave a speech and shares slumped
Reaction of American stock exchanges came soon after. Dow Jones index dropped in more than 2%, which is almost 500 points. “It may take...
White House considers more economic stimulus aid
During last weekend, officials in Donald Trump’s administration, including Treasury Secretary Steven Mnuchin and White House economic advisor Larry Kudlow, discussed with lawmakers how...
Rationing? American retailer Costco temporarily limited meat purchases per person
American retailer Costco limited meat purchases to 3 items per person
Meat processing plants capacities significantly dropped due to coronavirus and there’s a shortage of...
British government is ready to support air industry at any cost
Aviation industry has been heavily hit by the coronavirus crisis
That fact obviously impacts aircraft manufacturers. Tens of thousands of people globally will lose their...
The U.S. economy will rebound in May and June, Mnuchin says
Steven Mnuchin, the American Treasury Secretary, says that the U.S. economy will rebound from coronavirus crisis during third quarter of 2020.
Once the U.S. economy...
Carmakers in Europe to soon reopen their factories
In March, sale of personal cars dropped interannualy in more than 50%
Mostly because carmakers had to close down their factories due to coronavirus. They...
Unemployment rate could reach level of the Great Depression
By the end of March, unemployment rate in the U.S. grew to 4,4% from February record low 3,5%
Yet, the reality could be much worse...
