Apple Is temporarily closing all 53 of its California stores, about a dozen others during final days of holiday season due to COVID-19 surge.
Author: Paul Davidson, USA TODAY
Fed vows to continue bond-buying but opts against moves that would lower mortgage rates
Fed vows to continue bond-buying stimulus until “substantial further progress” is made toward “maximum employment and price stability goals.”
‘Fatal for small businesses’: Big firms delay payments to smaller suppliers during COVID-19
Many big companies are waiting months to pay their smaller suppliers during the pandemic, even if they have the cash, threatening their survival.
Amid surging COVID-19, Fed could take steps to lower mortgage rates, boost economy
The Fed may adjust bond purchases to push down mortgage and other long-term rates. Officials also may give guidance on how long purchases will continue.
Still hunting for Clorox wipes? Shortages now likely to last until mid-2021, company says
Clorox executive says shortages of disinfectant wipes likely won’t ease until mid-next year as demand outpaces supply.
Another economic blow: A slowdown in US population growth worsened by COVID-19
COVID-19 pandemic is worsening a slowdown in population growth that’s delivering yet another blow to the economy
Wage gap
The rich got richer 🤑
Economy adds disappointing 245,000 jobs in November while COVID-19 rages across country
The economy 245,000 added jobs in November as unemployment fell to 6.7% amid a pandemic that hit new case records across the country
There’s a stigma?
Longterm unemployment
COVID-19 vaccine prospects may already be boosting consumer spending, economy
Prospects for highly effective COVID-19 vaccines may already be boosting consumer and business confidence and spending, and the broader economy.