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Business Ideas Article
Monday, June 1, 2020
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Employment down, savings up, and an uncertain summer for the U.S. economy
June is here.
And as summer has arrives across the country, so too does something resembling a resumption of economic activity.
We’ve noted recently that economic data has stopped getting worse, building the case that the most severe impacts of the lockdown-related economic stoppage are behind us.
But this still leaves the economy a long way from healed.
As Bank of America outlined in a note last month, the current recovery is likely to play out in three phases: lockdown, transition, recovery. We are now in the transition phase. But what this phase might look like continues to be informed by some of the jarring data coming out of the economy’s March-April lockdown phase.
Walmart stores suffer damage from George Floyd protests and looting — several hundred forced to close early
Walmart (WMT) joins a growing list of retailers whose stores have been vandalized and looted amidst the George Floyd protests sweeping the U.S.A Walmart spokesperson told Yahoo Finance that 12 stores across the country have sustained damage from the violence (seen...
Stock futures opened lower Sunday evening, dropping against a backdrop of protracted protests in some of the nation’s largest cities, many of which had already been struggling to reopen amid the coronavirus outbreak.The protests centered on constituents’ outrage over...