Almost 3 million more people filed for unemployment last week. Some groups are getting hit harder than others. And, British cheesemakers lost a lot of business with the closing of restaurants. Direct-to-consumer sales are alleviating some of their surpluses.
Gig workers are eligible for unemployment benefits, but they might be getting less money than they should. And, Marketplace’s podcast “The Uncertain Hour” has a new season out now on public policy and “A History of Now.”
New Zealand’s finance minister unveils a “once-in-a-generation” budget to support the country’s businesses as they start reopening. Spain introduces a 14-day quarantine for all foreign visitors. British cheesemakers’ call for public support.
Jerome Powell is urging Congress and the White House to spend more money to prop up the economy. Brands are reportedly cutting back spending for TV ads. County officials in Michigan have temporarily stopped foreclosing on properties for unpaid taxes.
House Democrats have a fresh stimulus bill that would double the amount of aid the government has already spent, to $6 trillion. Uber wants to buy Grubhub. Understanding the continued health insurance coverage known as COBRA.
The British economy shrank by 2% during the first three months of the year. Also, India announces $266 billion worth of stimulus measures for businesses. Shoppers in Chile share concerns about safety during the virus.
How will government officials respond to Elon Musk’s declaration that he’s opening up Tesla’s assembly plant in Northern California? Moods among small businesses are the lowest since 2008. Substance use treatment goes virtual during COVID-19.
Still waiting for stimulus money? The deadline for people to get their direct deposit bank information to the IRS is Wednesday. Optimism among small business owners is down. Frugality is becoming more ingrained in the culture.
Saudi Arabia takes a hit as profits at its state-run oil firm dip. Toyota and Honda release warnings about the year ahead for automakers. The Premier League warns its soccer clubs they’ll owe TV broadcasters more than $400 million.
