Americans’ household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. The Federal Reserve said Monday […]
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27 July 2020, Berlin: A traveller with a mouthguard comes out of the door of the arriving planes at Tegel airport. Annette Riedl | picture alliance via Getty Images The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed […]