Microsoft is in talks to buy parts of TikTok, a forced sale after Trump threatened to ban the Chinese-owned video app, which claims 100 million U.S. users and hundreds of millions globally.
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.
Leaders from some of America’s largest companies signed an open letter to Congress urgently calling for lawmakers to help small businesses.
The coronavirus pandemic is entering a new month, meaning Americans struggling amid the economic fallout once again have to worry about paying their rent.
Katrina Brooks, owner of the online shop, Black Pearl Books says at this point, they’re just scaling for the moment.
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
"By extending this emergency SNAP funding, the State of Texas is helping to ensure families can continue to put food on the table," said Governor Abbott.
The flexibilities will protect access to important care and resources that many Texans rely on for their health and safety.
Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year.
Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers who say they are being miscast as potential saviors.
The differences in Washington over the next coronavirus aid package are vast.
P-EBT is a one-time benefit of $285 per eligible child and can be used in the same way Supplemental Nutrition Assistance Program (SNAP) food benefits pay for groceries. The deadline is now August 21.
The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.
As Congress and the White House resume their efforts to agree on a new economic aid package, evidence is growing that the U.S. economy is faltering. And so is concern that the government may not take the steps needed to support hiring and growth.
The framework is expected to extend — but reduce substantially — just-expired expanded unemployment benefits, send a fresh round of $1,200 stimulus check to American adults earning less than $75,000 in August and funnel tens of billions of dollars in aid to schools and universities.
The $600 weekly boost in jobless aid that millions of people have received since early in the pandemic is set to expire.
In the past three months, the outlook for the U.S. economy has improved in the eyes of business economists. However, the optimism is couched somewhat by the resurgence of the coronavirus.
Treasury Secretary Steve Mnuchin says that many Americans will be getting another $1,200 stimulus check in August. But, he says that the GOP is determined to cut down the $600/week in extra federal unemployment benefits that millions have been getting for months.
This week saw details from a federal health organization’s efforts to ramp up coronavirus testing by December, the looming expiration of a key COVID-19 unemployment benefit made headlines, and health leaders discussed the need for states to incorporate different types of data into their coronavirus response.
The deadline is August 3 and the Provider Relief Funds may be used to cover lost revenue due to the coronavirus or health related expenses purchased to prevent, prepare for, and respond to the virus.