JAKARTA (Reuters) – Indonesia’s efforts to support its economy through the coronavirus crisis were being hampered by the slow disbursement of a $50 billion stimulus plan, economists said.The World Bank and Indonesian government have warned that millions more people risk being plunged into poverty amid the pandemic, as data showed […]
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TOPLINE The stock market was mixed on Friday, paring back earlier losses to finish positive despite a stronger-than-expected July jobs report being offset by rising U.S.-China tensions and “disappointing” coronavirus stimulus talks. Investors are keeping an eye on ongoing stimulus talks. Johannes Eisele/AFP via Getty Images KEY FACTS The Dow […]
Chief Investment Officer at Cetera Financial Group (@CeteraFinancial). Find more insights at Cetera Investment Management (@CeteraIM) getty Any forecast at the start of 2020 could not have predicted the unthinkable: that a global pandemic would threaten millions of lives and livelihoods and quickly lead to a staggering economic decline. In […]
$600 unemployment checks are about to stop. Congressional Republicans have put forward a stimulus plan. We’ll dig into the details. Guests Claudia Sahm, director of macroeconomic policy at the Washington Center for Equitable Growth. (@Claudia_Sahm) Kenneth Rogoff, professor of economics and public policy at Harvard University. Co-author of “This Time Is […]
MIAMI SPRINGS, FLORIDA – JULY 16: Carlos Ponce joins other demonstrators participating in a protest … [+] to support the continuation of unemployment benefits. (Photo by Joe Raedle/Getty Images) Getty Images As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the […]
CLOSE American Electric Power maintains its headquarters in Downtown Columbus. (Photo: Fred Squillante/Columbus Dispatch) A dark money group wholly funded by House Bill 6 beneficiary and Columbus utility giant American Electric Power contributed $350,000 toward the campaigns now at the center of a racketeering and bribery case that ensnared House Speaker […]
By Andy Bruce and David Milliken LONDON (Reuters) – British businesses have reported their fastest upturn in five years and shoppers pushed their spending back to near pre-lockdown levels, a survey and data published on Friday showed. An early flash reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index […]
There is still a road that leads ahead in these uncertain times. Make sure you’re on it. Getty The recent economic downturn has left many entrepreneurs reeling. It seemed that one minute their businesses were flying high in a full-steam-ahead economy, and in the next they were freefalling in the […]