One Third of Unemployment Benefits Still Unpaid
Bloomberg reports about 67 billion dollars in unemployment benefits owed for the three months to May, with nearly 40 million Americans filing for unemployment. The missing payments reflect delays in state systems and expanded eligibility, including Pandemic Unemployment Assistance for independent contractors.
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Radcliffe
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Stocks rise for third straight session on reopening optimism
The S&P 500 up 0.8 percent for a third day as investors priced in gradual global economic reopenings. Dow climbs 1.1 percent to 25,742 while Nasdaq adds 0.6 percent. energy leads gains with higher oil. NASA SpaceX opening bell from space inspires Nasdaq trading start.
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U.S
Minneapolis
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Tom Hamlin
U.S. Bank Wealth Management
NASA
Spacex
ECB could expand pandemic program to over a trillion euros
The ECB may boost its pandemic emergency purchase program by 500 billion euros to about 1.4 trillion, increasing firepower to shield euro area bonds while Italy faces rising debt and potential market turmoil. Analysts warn of risks to eurozone stability if confidence wavers.
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At&t Inc
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Remrkhi H
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American
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Dodge & Cox Inc
Dodge & Cox
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Mmtec
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