Category Archives: Business & Finance

EU unveils plan to borrow 750 billion euros to aid economic recovery

The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s.

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Azar: No Spike in Coronavirus in Places Reopening

Authorities are not seeing spikes in coronavirus cases in places that are reopening but are seeing increases in some areas that remain closed, U.S. health secretary Alex Azar said on Sunday.

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California’s Newsom says fed help to states ‘not charity,’ but ‘moral and ethical obligation’ to Americans

Sunday, Governor Newsom of Californication said that his state is facing a major budgetary crisis as a “direct result” of the coronavirus pandemic and called on federal lawmakers to provide some sort of relief funding to states across the nation as they struggle with the economic fallout that has accompanied the public health emergency.

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White House floats large corporate tax cut for firms that bring jobs back from overseas

Friday President Trump’s top economic adviser said that the White House is exploring a massive tax cut for corporations if they bring their supply chains from overseas to the United States, a politically explosive suggestion that could reshape negotiations with Congress over the next stimulus package.

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Unemployment rate drops to 13.3% in May, signaling return of US jobs

The U.S. unemployment rate unexpectedly dropped to 13.3 percent in May, down from a record high in April, indicating the nation’s economy is recovering faster than expected from the coronavirus lockdown.

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Republican Senators Want to Push Pause on Visas

A group of Republican senators want President Donald Trump to stop issuing work visas because of the state of the economy and lack of jobs due to the coronavirus outbreak.

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US beef output tumbles as meat plants prepare to reopen

Shoppers are encountering limits to how much meat they can buy at the supermarket as the meat industry tries to return to normal after roughly three percent of employees at infected meat and poultry processing plants contracted coronavirus.

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Dems reportedly warning preelection economic surge could boost Trump

As President Trump and the rest of the country grapple with an economic downturn and sky-high unemployment rates amid the coronavirus crisis, some Democrats reportedly worry that an explosive economic recovery in the fall could revive Trump’s lagging political fortunes — and boost his chance at reelection.

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Virus Relief Pays Half of Laid Off Workers More Than Their Jobs

The “unemployment benefits on steroids” are giving many people more money per week than they made in their job before they were laid off or furloughed because of the coronavirus pandemic.

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Trump Blames Dems for ‘Lateness’ in Unemployment Money

If you have not received your unemployment money yet, President Donald Trump says blame the Democrats.

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