Business & Economy
Business & Economy
Pandemic Piles On Already Reeling Boeing, Leading To Nearly $12 Billion Loss In 2020
Boeing is trying to close the books on a dismal year. The aircraft manufacturer Wednesday reported that the company lost close to $12 billion in 2020, a record loss, as the pandemic depressed demand for new airplanes and the company continued to reel from its 737 Max debacle. Continue Reading Pandemic Piles On Already Reeling Boeing, Leading To Nearly $12 Billion Loss In 2020
Washington Legislators Unveil $2.2 Billion COVID-19 Financial Relief Package
The plan includes $618 million to boost vaccination efforts and contact tracing. It also includes $668 million for school assistance, $365 million to aid renters and landlords and $240 million for grants to businesses. Continue Reading Washington Legislators Unveil $2.2 Billion COVID-19 Financial Relief Package
Retail Spending Dips For 3rd Straight Month As Infections Surge
Even as people continue to splurge on shopping, they cut back on going out to eat and shop. Plus, the earlier-than-usual holiday shopping season meant online shopping as well sales of electronics and appliances dipped in December. Gas stations saw the biggest jump in spending last month, up 6.6%, as people traveled for holiday visits despite health warnings. Continue Reading Retail Spending Dips For 3rd Straight Month As Infections Surge
$1,400 Checks And Help For The Jobless: What’s In Joe Biden’s Plan To Rescue The Economy
President-elect Joe Biden has long pledged he would deliver an aggressive plan to address the raging coronavirus pandemic and the painful recession it spawned. Continue Reading $1,400 Checks And Help For The Jobless: What’s In Joe Biden’s Plan To Rescue The Economy
Farmers Got Big Government Pandemic Relief In 2020, Even Those Who Didn’t Need It
The aid, delivered in two separate packages over the course of the year, went to a wide variety of people in agriculture, including corn and soybean farmers, cattle ranchers, and fruit and vegetable producers. The $46 billion in direct government payments to farmers in 2020 broke the previous annual record by about $10 billion, even after accounting for inflation. Continue Reading Farmers Got Big Government Pandemic Relief In 2020, Even Those Who Didn’t Need It
The Spectacular Rise Of SPACs: The Backwards IPO That’s Taking Over Wall Street
Shaquille O’Neal’s got a SPAC. Former House Speaker Paul Ryan’s got a SPAC. Famed investor Bill Ackman launched a $4 billion SPAC. And a 25-year-old became the youngest self-made billionaire thanks to — you guessed it — a SPAC. So what is a SPAC? A “special purpose acquisition company” is a way for a company to go public without all the paperwork of a traditional IPO, or initial public offering. Continue Reading The Spectacular Rise Of SPACs: The Backwards IPO That’s Taking Over Wall Street
President Trump Signs COVID-19 Relief Deal After His Criticism Threatened To Derail It
President Trump on Sunday night signed a massive coronavirus relief and spending package, relenting on a measure he had called a “disgrace” days earlier. The legislation, which combines $900 billion in COVID-19 aid with government funding through September 2021, was passed by large majorities in both houses of Congress on Dec. 21 — only to see Trump blindside legislators the next day and blast the bill. Continue Reading President Trump Signs COVID-19 Relief Deal After His Criticism Threatened To Derail It
How The Pandemic Turned An Introvert Into A Voice For Gig Workers
The coronavirus pandemic drove many people to recognize gig work as “essential” for the first time, but the crisis also revealed the stark disparities between jobs that come with security and benefits and gig work, which does not. Continue Reading How The Pandemic Turned An Introvert Into A Voice For Gig Workers
‘All Is Not Calm’: Congress Scrambles After President Trump Blasts COVID-19 Relief Package
With millions of Americans waiting for desperately needed economic aid, a massive relief package remains in limbo as President Trump weighs whether to sign it into law. Continue Reading ‘All Is Not Calm’: Congress Scrambles After President Trump Blasts COVID-19 Relief Package
Congress Passes $900 Billion Coronavirus Relief Bill, Ending Months-Long Stalemate
The Senate acted swiftly Monday night, in a 91-7 vote, to approve more than $900 billion for coronavirus assistance, shortly after the House of Representatives passed the package. The aid comes after months of partisan sniping over what elements should be in a relief measure that virtually all lawmakers on Capitol Hill argued was long overdue. Continue Reading Congress Passes $900 Billion Coronavirus Relief Bill, Ending Months-Long Stalemate
Here Is What’s In Congress’ COVID-19 Relief Package
Congress plans to pass on Monday a bipartisan $900 billion COVID-19 relief bill after intense negotiations over its final details. Leaders of both parties are lauding the agreement, claiming victory for provisions they were able to get in — and keep out. The measure includes up to a $600 relief check for many Americans as well as an assortment of aid for small businesses and money to purchase and distribute vaccines. Continue Reading Here Is What’s In Congress’ COVID-19 Relief Package
Congressional Leaders Reach $900 Billion Deal On Coronavirus Aid, Includes $600 Stimulus Payments
After months of partisan squabbling, congressional leaders have reached agreement on a nearly $900 billion COVID-19 relief package. “At long last, we have the bipartisan breakthrough the country has needed,” Senate Majority Leader Mitch McConnell, R-Ky., said on the Senate floor Sunday evening. Continue Reading Congressional Leaders Reach $900 Billion Deal On Coronavirus Aid, Includes $600 Stimulus Payments
