News

Congress just approved more funding for struggling small businesses. Here’s what’s different this time around.

After months of negotiations, Congress struck a $US900 billion stimulus deal, including $US325 billion for small businesses and a continuation of the Paycheck Protection Program. The federal coronavirus relief package will also renew benefits for contract workers and freelancers through the Pandemic Unemployment Assistance Program. The deal allocates money for […]
Congress just approved more funding for struggling small businesses. Here’s what’s different this time around.
News

This is what it looks like when things fall apart

At a press conference on Thursday, Rudy Giuliani’s hair dye dripped down his face while he spit conspiracy theories at a crowd of reporters who seemed (at best) embarrassed for him. This is what it looks like when things fall apart. Trump and his people have nothing but lame-duck power […]
This is what it looks like when things fall apart
News

Retail sales growth decelerates after federal coronavirus benefits run dry — leaving Americans without $600 unemployment checks and waiting for a new stimulus package

The National Retail Federation reported slowed sales growth in August for brands after federal relief and unemployment benefits under the CARES Act expired in July. The NRF found retail sales – which excludes automobile dealers, gas stations, and restaurants – increased just 0.1% month-over-month in August, down from 0.6% in […]
Retail sales growth decelerates after federal coronavirus benefits run dry — leaving Americans without $600 unemployment checks and waiting for a new stimulus package
Strategy

What Trump wants in the next stimulus package

President Trump’s executive actions after stimulus talks lapsed address a payroll-tax deferral, extending the eviction moratorium, enhancing unemployment benefits, and relieving student-loan debt. Each of these is an issue in congress’ ongoing negotiations for another stimulus, which have repeatedly broken down since late July. The four actions taken by Trump […]
What Trump wants in the next stimulus package
Markets

The $600 boosted unemployment benefit just expired. Here’s how much unemployment checks could drop in your state under the GOP’s less-generous replacement plan

The $US600 federal supplement to unemployment benefits expired on Friday. The GOP unemployment plan will reduce weekly benefits nationwide by 44%, according to a new analysis. Weekly unemployment payments would fall to $US521 from $US921 on average nationwide, a $US400 reduction that could be in place for two months. States […]
The $600 boosted unemployment benefit just expired. Here’s how much unemployment checks could drop in your state under the GOP’s less-generous replacement plan
Markets

US stocks rise ahead of Fed meeting, Big Tech testimony

US stocks rose Wednesday ahead of a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. Starbucks and AMD shares climbed after earnings releases. Boeing and General Motors shares also ticked up after earnings reports. Later this week, Apple, Amazon, and Alphabet are […]
US stocks rise ahead of Fed meeting, Big Tech testimony