The minimum wage is set to rise in 20 states and 32 localities on or around New Year’s Day as the push toward $15 an hour spreads.
Author: Paul Davidson, USA TODAY
Vaccines could unleash a hobbled US economy and spur job growth in 2021. But risks loom.
COVID-19 vaccine likely to spur a strong economy and job growth in 2021 but it depends on Americans’ willingness to be vaccinated and the timetable.
COVID-19 threatens ‘the cultural water cooler’ of small, independent movie theaters
Independent movie theaters struggling to survive the coronavirus pandemic are set to get billions in federal aid. Will it be enough?
Apple is temporarily closing all California stores, a dozen more around U.S. amid COVID-19 surges
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.
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 🤑