Debate Over Virus Aid Deepens As Economy Falters
The Nation weighs another economic rescue as the economy weakens with unemployment near 11 percent and hiring slowing. Experts urge extended aid for the unemployed, state and local governments, and small businesses while Congress tussles over replacing or extending the $600 weekly federal supplement.
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Oxford Economics
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American Enterprise Institute
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Scott Shane
Case Western Reserve University
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Markets Rally As Gold Hits Intraday High In Turbulent Week
U.S. stocks regained ground led by tech names with the S&P 500 up 0.7 percent and the Dow and Nasdaq also advancing. Gold surged to intraday peaks near 1940 ahead of Fed policy meetings and earnings reports from Amazon Apple Facebook and Google parent Alphabet. Meanwhile durable goods orders rose 7.3 percent in June driven by transportation and a 3.3 percent increase in core capital goods, signaling partial manufacturing rebound amid COVID-19 concerns.
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Oxford Economics
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