26 August 2020
1) The American Airlines Group Inc. will layoff 19,000 workers once the federal payroll act expires on the first of October, making for a 30% reduction in its workforce since…
1) The American Airlines Group Inc. will layoff 19,000 workers once the federal payroll act expires on the first of October, making for a 30% reduction in its workforce since…
1) This last April, the government offered $349 billion dollars to small businesses, in their stimulates package called the Paycheck Protection Program or PPP, as a way of limiting the…
1) The Federal government is moving to address the record deficits that America has amassed. One method is to stretch out the time over which the deficit is paid off.…
1) The auto industry, already reeling from the new car shutdown and depressed demand, is now concerned about a possible used car price collapse, which could have far reaching effects…
1) Jerome H. Powell, the Federal Reserve Chair, said the U.S. economy is in an emergency, which is deteriorating with alarming speed. His remark comes after unveiling over $2 trillion…
1) Ten million people have rushed to file unemployment claims only to find a system swamped to the point of being nonfunctional. State websites are buckling, their phone lines jammed…
1) To aid in economic recovery, President Trump is calling for a $2 trillion dollar spending plan to update the country’s infrastructure. Monies would be used to update the country’s…
1) A second virus shock wave is already hitting China’s factories as European factories are delaying orders and asking for delays in payments as the coronavirus sweeps across Europe closing…
1) Celadon, a truckload carrier and American trucking giant, is slated to declare bankruptcy as early as December the 11 th. This may possibly be the largest truckload bankruptcy in…
By: Economic & Finance Report Sources close to the President Elect Trump, have indicated that former Goldman Sach’s banker/partner Steven Mnuchin, is being considered as the next US Treasury Secretary;…