Fed vows to continue bond-buying stimulus until “substantial further progress” is made toward “maximum employment and price stability goals.”
Author: Paul Davidson, USA TODAY
‘Fatal for small businesses’: Big firms delay payments to smaller suppliers during COVID-19
Many big companies are waiting months to pay their smaller suppliers during the pandemic, even if they have the cash, threatening their survival.
Amid surging COVID-19, Fed could take steps to lower mortgage rates, boost economy
The Fed may adjust bond purchases to push down mortgage and other long-term rates. Officials also may give guidance on how long purchases will continue.
Still hunting for Clorox wipes? Shortages now likely to last until mid-2021, company says
Clorox executive says shortages of disinfectant wipes likely won’t ease until mid-next year as demand outpaces supply.
Another economic blow: A slowdown in US population growth worsened by COVID-19
COVID-19 pandemic is worsening a slowdown in population growth that’s delivering yet another blow to the economy
Wage gap
The rich got richer 🤑
Economy adds disappointing 245,000 jobs in November while COVID-19 rages across country
The economy 245,000 added jobs in November as unemployment fell to 6.7% amid a pandemic that hit new case records across the country
There’s a stigma?
Longterm unemployment
COVID-19 vaccine prospects may already be boosting consumer spending, economy
Prospects for highly effective COVID-19 vaccines may already be boosting consumer and business confidence and spending, and the broader economy.
Is the stock market closed on Thanksgiving and Black Friday?
The New York Stock Exchange and Nasdaq are closed Thanksgiving Day and will shutter early on Black Friday.