In the second quarter, GDP contracted at an annual rate of nearly 33%. Regionally, economic activity declined far more in areas reliant on sectors like manufacturing and tourism. Plus, how Quebec is trying to help local businesses stay afloat.
Democrats and Republicans appear no closer to reaching a deal on a COVID-19 relief bill. What does Fed Chair Jerome Powell think about that? Strong second-quarter earnings expected for Amazon. What utility PG&E can expect from a deal with Tesla.
Germany saw a large drop-off in consumer spending and in its vital export sector. China’s Huawei takes Samsung’s crown as the world’s biggest smartphone seller. Kenya’s flower industry starts to blossom again.
Chip Somodevilla, Matt Winkelmeyer, Justin Sullivan/Getty Images
Four CEOs of Big Tech companies testify before Congress. Investors consider second-quarter earnings from GM, Boeing and more. And, you’ll be able to watch Universal Pictures movies at home sooner after their releases thanks to a new deal with AMC.
People of color are almost twice as likely as white people to be worried about paying for care if they get COVID-19, a new study shows. The pandemic’s effects on big automakers. And, former Deadspin staffers start a new company.
The French government has launched a crisis distillation scheme to deal with an oversupply of wine. Turkey has new social media laws. Saudi Arabia expects major losses with fewer people at the Muslim hajj pilgrimage.
This Thursday, we’re going to find out what happened to U.S. GDP in the second quarter. Google is adding a new undersea cable network. The Trump administration’s plans to regulate social media. And, Marketplace’s new podcast kids and their families.
We now have two competing bills for COVID-19 relief after Senate Republicans released theirs Monday. Plus, the latest on President Trump’s picks for the Fed. And, a French solution for hand sanitizer shortages.
One mom spotted a lack of diversity in magazines for young Black girls in the U.K. So she started her own. Malaysia’s former prime minister is convicted in 1MDB financial scandal. Google announces a new transatlantic data cable.
Pharmaceutical executives are expected at the White House Tuesday to talk drug prices. What will Fed Chair Jerome Powell have to say about the economy this week? And, in California, Latino communities continue to bear the brunt of the pandemic.
