Many retailers and restaurants, already crippled by the coronavirus pandemic, are grappling with damage to their properties and new closures following protests sparked by the death of George Floyd that have sometimes turned violent.
Stocks fell with U.S. futures on Friday as President Donald Trump’s planned press conference on China threatened to further stoke tensions between the world’s two largest economies. Treasuries gained alongside most European bonds.
By Eric Morath, Wall street Journal— U.S. workers filed 2.1 million jobless claims last week, extending a downward trend but remaining multiple times higher than before the coronavirus pandemic. The Labor Department’s tally of filings for unemployment benefits was down compared to 2.4 million the prior week. Weekly unemployment claims—a proxy for layoffs—have held above 2 million […]
The United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new housing.