America’s economic recovery hits a major roadblock

New York(CNN Business) This summer, the American economic recovery hit a roadblock. The US economy grew at an annualized rate of only 2% in the third quarter, the Bureau of Economic Analysis reported Thursday. The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices weighed on economic activity. It was far lower than the […]

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A Petition With Over 2 Million Signatures Calls for $2,000 Monthly Stimulus Checks for Every American

[Go Banking Rates, iStock] So far, more than 2 million have signed a petition calling for $2,000 monthly stimulus checks for every American. This petition was started by Stephanie Bonin, a Colorado restaurant owner, and was first posted on last year, reports Business Insider. In Bonin’s petition statement, she says […]

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Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’

[CNBC, Getty Images] Negotiations on another Covid-19 relief bill are at an impasse. Some measures may get attached to a spending package that must pass by Dec. 11 to avert a government shutdown. Another weekly boost to unemployment benefits would most likely be part of the mix, according to unemployment […]

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Digital Currencies May ‘Erode’ Dollar’s Role in Global Finance: Report

[Decrypt] A new report from Deutsche Bank says countries need to be ready for the disruption central bank digital currencies may cause. Central bank digital currencies (CBDCs) are likely to transform the way we live, and consumers and financial institutions need to be ready, Deutsche Bank has said.  CBDCs could […]

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