Stock futures mostly higher on prospect of interest rates staying low
Investors will monitor income and spending numbers and a consumer sentiment report
More than 30 states preparing to offer Trump's $300-a-week unemployment boost
So far, 34 states have been approved to offer sweetened federal unemployment aid, created on August 8 when President Trump signed an executive action for $300 a week in federal aid.
US economy plunged an annualized 31.7% in second-quarter
Unemployment is still high at 10.2%, and roughly 1 million people are applying for jobless aid each week even as the amount of aid they receive has shrunk.
Weekly jobless claims totaled 1M last week, in-line with expectations
Last week, the number of Americans filing for unemployment aid unexpectedly rose to 1.1 million.
Stock futures trade lower ahead of Fed speech, GDP report
Discount retailers and PC makers will report earnings
Powell edges toward loosening the Fed's stance on inflation
The Federal Reserve has always operated under the policy of being ready to raise interest rates at the earliest signs of creeping inflation
IRS to mail stimulus checks to 50,000 Americans after error
The IRS is sending out "catch-up" stimulus checks to about 50,000 Americans in September after an error the agency made earlier this year.
World Economic Forum postpones annual meeting due to COVID-19
Instead, the forum will "digitally convene high-level Davos Dialogues” during the week of Jan. 25 where the WEF says global leaders will share their views on the state of the world in 2021.
US economy in recession but seeing 'signs of life': Fed's Esther George
The U.S. is economy is slowly on the mend, says Kansas City Federal Reserve President Esther George.
New Jersey proposes first-ever $1,000 'baby bond' to narrow wealth gap
The bonds, which will start with babies born in 2021, will be given to children in households earning less than 500% of the Federal Poverty Level
Amazon rivalry prepped big-box retailers for coronavirus
Big-box retailers enjoying strong sales and profits over the last couple of weeks partially attribute their success to pre-COVID-19 pandemic efforts to take on e-commerce giant Amazon.
Global tourism lost $320B from coronavirus in 5 months, UN says
U.N. Secretary-General Antonio Guterres, in a policy briefing, noted that tourism is one of the world’s most important economic sectors and the third-largest export sector of the global economy, behind fuels and chemicals. In 2019, it accounted for 7% of global trade.
New home sales surge in July, highest since 2006
New home sales are counted at the signing of a contract, making them a leading housing market indicator.
New thinking on COVID lockdowns: They’re overly blunt and costly
Blanket business shutdowns—which the U.S. never tried before this pandemic—led to a deep recession. Economists and health experts say there may be a better way.
Wages in key battleground state soar, boosted by controversial Foxconn project
Two of Wisconsin's metropolitan areas rank first and fifth nationally in wage gains out of a total of 389 in the U.S.
When will the US recession end? Most economists say late 2020 or early 2021
A majority of economists expect the U.S. to emerge from the coronavirus-induced recession by either late 2020 or sometime in 2021.
NYC Mayor de Blasio suggests indoor dining may not return until 2021
New York City Mayor Bill De Blasio suggested Monday that the Big Apple may have to wait until potentially 2021 before it will see its restaurants open their doors again for indoor dining.
Dollar steadies Monday, as traders look to global economic health
TOKYO - The dollar steadied against major currencies on Monday as traders looked to more data for a gauge on the health of the global economy and the Federal Reserve’s annual Jackson Hole retreat for guidance on the outlook for U.S. monetary policy.
Foreign agents setting up bogus election websites: DHS
With states changing voting regulations to fit stringent coronavirus guidelines, many voters will go online this year to find out how to cast their ballots for president.
US Postal Service jobs have been disappearing for years amid funding crisis
The U.S. Postal Service, which has come under fire in months for its beleaguered finances, has been steadily bleeding thousands of jobs for years



















