U.S. consumer spending up 8.2% in May
The increase partly erases the record plunge in March and April
- June 26, 2020 June 26, 2020
- 10:12
The increase partly erases the record plunge in March and April
As Covid-19 pummels commercial real estate, the sector's long boom could end
The new forecast calls for the economy to shrink by nearly 5% this year
Sales rose by a record 17.7%
States can now have at least two cities or counties eligible for the Municipal Liquidity Facility regardless of population
The decline is expected to grow worse, economists say
The gains are in stark contrast to the broad S&P 500 index
About 26 million people in the U.S. have applied for jobless aid since the outbreak
Grocery store sales jumped nearly 26%, signifying a shift in consumer behaviour
Wells Fargo also saw a drop in Q1 revenue as banks brace for bad loans