Expanded unemployment benefits could bump people from welfare, other assistance
Enhanced unemployment benefits could push jobless Americans off safety net programs like Medicaid, food stamps and welfare, or reduce their financial aid.
House bill gives small businesses more time to use PPP loans and lets them spend less on payroll
Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun...
Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi
Women losing jobs at a higher rater than men isn’t just an inequality problem — it’s an economic one too.
RBA Meets as Australia Reopens for Business, Aussie Rallies
The Reserve Bank of Australia is scheduled to hold a policy meeting on Tuesday with an announcement expected at 05:30 GMT. A day later, the GDP growth estimate for the first quarter is due at 01:30 GMT, making it an...
Week Ahead – ECB, RBA, and BoC meetings ahead of nonfarm payrolls
The coming week is action-packed, with three central bank meetings, the resumption of critical Brexit talks, and the release of the US jobs report. The ECB looks primed to expand its QE program but paradoxically, that may not hurt the...
Euro Power Continues, Follow by Yen on Mild Risk-Off
Markets are in mild risk off mode before weekly close, awaiting US President Donald Trump’s “interesting” and “powerful” measures on China. Though, this time, Euro is boosted as the strongest one, followed by Yen. Dollar and Swiss Franc are the...
U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending
The coronavirus crisis has Americans hoarding more money than ever before as widespread fear paralyzes consumer spending habits. The personal savings rate hit a historic 33% in April, the U.S. Bureau of Economic Analysis said Friday. This rate — how much...
EURGBP Skyrockets To New 2-Month High
EURGBP surged towards a fresh two-month high of 0.9055 earlier today after picking up momentum above the 0.9000 resistance. Meanwhile, in technical indicators, the RSI is hovering in overbought zone, while the blue %K line of the stochastic oscillator is...
EURUSD Monthly Close
The euro currency is testing towards the 1.1100 resistance level against the US dollar, as the pair continues its strong upside breakout. Traders will be attempting to perform a positive weekly and monthly price close for the EURUSD pair today....
ETHUSD $235.00 In Focus
Ethereum is starting to rally back towards the April monthly trading high, as the second largest cryptocurrency stabilizes above the $220.00 level. The $235.00 and $250.00 resistance levels are the key upside targets that ETHUSD bulls are focusing on. Due...
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