Consumer spending growth slowed to 1% in August
Economists fear that without further government support, consumer spending will slow significantly in the final three months of this year.
Economists fear that without further government support, consumer spending will slow significantly in the final three months of this year.
A record number of flu vaccine doses are on the way, between 194 million and 198 million for the United States alone.
Fewer Americans than expected sought unemployment benefits last week. The latest claims numbers reflect gradual labor-market improvement but remain well above pre-virus levels.
U.S. airlines said they will begin furloughing tens of thousands of employees on Thursday, but they left open the possibility that workers could be called back if a federal relief package is reached in the next few days.
At issue is a long-delayed package that would extend another round of $1,200 direct stimulus payments, restore bonus jobless benefits, speed aid to schools and extend assistance to airlines, restaurants and other struggling businesses.
Despite an increase in testing capacity, the seven-day average number of individuals tested has fallen to around 9,000 per day in Indiana.
Prospects for additional support from Congress for the economy helped drive the day’s trading, as they have for weeks.
One of COVID-19’s scariest mysteries is why some people with it become only mildly ill or have no symptoms, while others rapidly die. Scientists are starting to unravel why.
The 28th annual running of the race will be part of a doubleheader in which IndyCar will race on the road course on Aug. 14, followed by the NASCAR race on Aug. 15.
The state has reported 100 deaths from COVID-19 over the past week, up from 61 the previous week.
U.S. Treasury Secretary Steven Mnuchin suggested he’ll offer Democrats a proposal for roughly $1.5 trillion in pandemic relief. He said the plan is similar to one put forward by a bipartisan group of House members.
Restaurants are trying to figure out how to extend the outdoor dining season using space heaters, tents, temporary igloos and even blankets. Heat lamps are already in short supply.
The injunction approved by Judge Sarah Evans Barker means that all mail-in ballots postmarked on or before Nov. 3 and received on or before Nov. 13—10 days after the election—must be counted, if otherwise valid.
Even though many Indiana districts have reopened campuses, some school superintendents want the freedom to offer fewer, but longer, instruction days
Many lawmakers are feeling intense pressure to make a new deal, with millions still out of work and cities and states delaying infrastructure projects and laying off workers because of massive revenue shortfalls.
After preying heavily on the elderly in the spring, the coronavirus is increasingly infecting American children and teens in a trend authorities say appears driven by school reopenings and the resumption of sports, playdates and other activities.
The 20 deaths were the most seen in the daily report since Sept. 15, matching that day’s total. The state has reported 90 deaths over the past week, up from 63 the previous week.
Consumer confidence is closely watched for signals about consumer spending, which accounts for 70% of economic activity in the United States.
The coronavirus’s rapid spread and ability to transmit in people who show no signs of the disease have enabled it to outrun measures to accurately quantify cases through widespread diagnostic testing.
The White House and House Speaker Nancy Pelosi, D-Calif., renewed discussions over a possible economic-relief bill as Democrats offered a $2.2 trillion package and Treasury Secretary Steven Mnuchin immediately engaged in talks.