The US notched more than 52000 new COVID 19 cases in 24 hours Wednesday, reported by JohnsHopkins University. This is the new record of infections around the country. 52898 more cases was recorded as of 8.30 pm Wednesday, so the total number of cases in US counted to 2682270. Public health experts on Wednesday criticized [...]
In June, White House leaders announced “Operation Warp Speed,” which gives more tax dollars and technical support to companies developing five experimental COVID-19 vaccines to be fast-tracked through testing and then mass production after the development of the vaccine. But there is a lot of speculation that whether the vaccine will be affordable. The Trump [...]
The recent US unemployment report was not as expected. Jobless claims numbers suggest the reopening story isn't having as much of a positive impact on the labor market as hoped. It reinforces the case for more fiscal support to keep the economy on the recovery path. The unemployment claims was more than the forecast which [...]
As per the Retail sales report, American shoppers in May showed a record 17.7% monthly gain in retail spending after devastating declines in the previous months due to the corona virus lockdowns. The recovery was only partially made up for the losses till now as spending were down about 6% year-on-year. And some sectors, such [...]
