Markets

One measure of unemployment suggests Biden’s $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist

The U-6 unemployment rate – a less popular reading than the commonly cited U-3 – suggests additional fiscal support could be unnecessary and pose serious risks, says James Paulsen, chief investment strategist at The Leuthold Group. The gauge – which includes those working part-time for economic reasons and workers only […]
One measure of unemployment suggests Biden’s $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist
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WATCH: How business owners can make the most of PPP

The Paycheck Protection Program is back. For millions of small business owners still struggling to pay rent and employ workers, the federal government’s forgivable loan program is a lifeline. This round looks a little different than the original that launched in the spring. It’s aimed at even smaller businesses, and […]
WATCH: How business owners can make the most of PPP
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Trump just cost jobless workers one week of federal unemployment assistance after he failed to sign the relief bill by midnight on Saturday

President Donald Trump did not sign the latest coronavirus relief legislation before midnight on Saturday, costing jobless workers one week of $US300 federal unemployment benefits. State agencies can only distribute benefits for weeks the bill is enacted, meaning the delay could cause the unemployment benefits to be distributed for 10 […]
Trump just cost jobless workers one week of federal unemployment assistance after he failed to sign the relief bill by midnight on Saturday
News

McConnell included $600 checks in COVID-19 stimulus plans after hearing that opposition could cost Republicans the Senate runoffs in Georgia, report says

Senate Majority Leader Mitch McConnell came to back $US600 one-off payments to Americans as part of a new wave of proposed federal coronavirus relief after hearing that prior opposition was hurting Republicans in Georgia, according to The New York Times. Citing a private call, The Times said McConnell described Sens. […]
McConnell included $600 checks in COVID-19 stimulus plans after hearing that opposition could cost Republicans the Senate runoffs in Georgia, report says
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