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Watch live: Fed Chair talks about US economic recovery.

The current economic downturn is the most severe of our lifetime. It will take a while to return to the levels of economic activity and employment that prevailed at the beginning of the year. And it will require continued support from both monetary and fiscal policy to achieve it. As we have emphasized throughout the pandemic, the way forward for …

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Survey: Businesses Stay Watchful While Coronavirus Rises in the US

Coronavirus outbreaks in the southern United States appear to be declining, but this does not mean that companies are losing guard. The majority of small businesses nationwide say they are preparing for a resurgence of coronavirus. They snap up extra supplies to prevent shortages, update websites, increase e-commerce offerings and expand digital payment options. This is according to the latest …

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PayPal cites "death of cash" as fixed items showing revenue

PayPal shares jumped nearly 5% after the market closed on Wednesday when the payments giant announced record revenues of $ 5.26 billion for the second quarter, saying it added 1.7 million new merchants during this period. In a conversation that discussed the results, PayPal executives said that society has reached a "turning point" in terms of "the death of cash," …

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Coronavirus latest: Brazil reports record 69,000 new cases

Australia reports record number of new Covid-19 cases Jamie Smyth in Sydney Australia reported a record number of new Covid-19 cases on Thursday, as authorities fought to contain an outbreak in the state of Victoria which added 723 infections in the national support. Recent outbreaks in New South Wales and Queensland – the latter not reporting a locally transferred case …

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Legislators say airline contractors laid off more than 9,000 despite federal aid

Inside Gate Gourmet 110,000 square feet facility near Dulles Intl Airport. Astrid Riecken | The Washington Post | Getty Images On Wednesday, three House Democrats beat aviation contractors who laid off more than 9,000 employees despite receiving millions in coronavirus federal aid. Legislators asked Finance Minister Steven Mnuchin to stop assisting companies or ask for some of the funds back. …

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Trumps Spite-Germany Plan – WSJ

Under the condemnation of the media, it can be difficult to sort the good from the bad in President Trump's unorthodox foreign policy. Some initiatives that have been ridiculed by foreign policy elites have been wise, such as pulling out of failing arms agreements. Yet the Pentagon's plan to withdraw nearly 12,000 US troops from Germany is far from a …

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