The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.
The battered U.S. labor market probably saw a fourth month of improvement in August, but chances of further outsize gains are diminishing without the widespread stimulus payments and small-business aid that have sustained incomes and spending.
The city’s new normal is a smorgasbord of cafes on closed streets and fine food served in parking lanes. Fourteen restaurateurs reflect on what they’ve learned, and how they and the city’s diners have been willing to evolve.
When the Dutch government invested in home-grown chipmaker Smart Photonics this summer, it was a departure for a country with a hands-off approach to business.
Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
The largest share of U.S. small businesses since February say they plan to add workers in coming months, though hiring conditions remain difficult as the pandemic continues to add to uncertainty in an uneven recovery.
Federal Reserve Bank of Cleveland President Loretta Mester says the U.S. economic recovery remains “fragile,” requiring more government action to prevent long-term scars.
McDonald’s Corp. is the subject of a lawsuit by more than 50 Black former franchisees in the U.S. who say they were driven out of business after being pushed by the company to set up shop in crime-ridden areas and denied financial help extended to White franchisees.
American Express Co. is making another bet on small businesses, this time letting them borrow more on their cards.
When the Dutch government invested in home-grown chipmaker Smart Photonics this summer, it was a departure for a country with a hands-off approach to business.
More than $1 billion in federal coronavirus relief went to U.S. small businesses that received multiple loans, although that wasn’t allowed by the stimulus program, according to an analysis by congressional subcommittee Democratic staff, which also raised red flags for potential fraud with thousands of other companies.
The Trump administration said it’s recovered almost 70% of $1.6 billion in relief payments mistakenly sent to dead people as the government rushed out stimulus money to blunt the economic impact of the coronavirus, according to a government watchdog.
It’s not inappropriate, but you need to make a convincing case.
City First Bank of D.C. in Washington and Los Angeles-based Broadway Federal Bank agreed to merge, creating the biggest Black-led bank in the U.S.
New U.S. federal guidelines on who should be tested for coronavirus drew criticism from the governors of New York and California, while the top Trump administration official overseeing testing defended the shift.
Facebook Inc.’s gains accelerated Wednesday, sending shares higher by 8.2%, as analysts hailed a new shopping section on its namesake social network, projecting strong e-commerce growth potential.
Federal Reserve Bank of Kansas City President Esther George, who has been among the most hawkish Fed policy makers, doesn’t oppose some overshooting of the central bank’s 2% inflation target and sees more risk of price pressures being too weak than too strong.
President Donald Trump and speakers at the Republican National Convention sought to paint a positive picture of his widely criticized handling of the coronavirus pandemic, with cameos by frontline workers and praise for his leadership in the race to develop a vaccine.
