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.
The White House and members of Congress are considering whether to push another stimulus package. Unemployment may get worse yet before it gets better. How hotels are having to rethink safety. COVID-19 puts Britain’s relationship with China under strain.
Workers and employers want to know: When will it be safe to go back to work? And how will we know? Data emerges that shows U.S. meat is still being shipped overseas, especially to China. France begins to lift virus restrictions.
We hear from the construction and hospitality industries as the U.K. government unveils plans to exit lockdown. A look at Paris on the first day back at work after one of Europe’s longest and strictest lockdowns. Disneyland in Shanghai reopens.
The U.S. lost 20.5 million jobs in April. The unemployment rate is at 14.7%. Native American tribes are grappling with a surge of COVID-19 cases. Food banks at colleges and universities are seeing more and more students show up.
