Latinos, Blacks twice as likely to need Covid stimulus checks just to get by yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Business experts pessimistic about stock market under Biden presidency Print this article
Dozens of business experts believe the economy will falter after President-elect Joe Biden assumes office.
In a survey conducted by CNBC, more than 100 chief investment officers, portfolio managers, and CNBC contributors were asked if the Biden administration would benefit the stock market more than the Trump administration. Two-thirds of those surveyed said that they expected stocks to take a tumble.
The expected economic downturn follows years of record-setting growth. President Trump recently praised the Dow Jones Industrial Average s milestone high of 30,000 in a surprise press conference at the White House.
Second stimulus checks will help, but U.S. income crisis runs much deeper than Covid CNBC 12/20/2020 Eric Rosenbaum
Senate Majority Leader Mitch McConnell said on Sunday night that lawmakers in Congress had agreed to a second stimulus deal that would include $600 stimulus checks, additional unemployment benefits, food assistance and rental relief to millions.
The Covid-19 crisis and stalemate over a new relief package has highlighted and compounded the nation s inability to solve a much broader economic issue: income inequality.
Working parents at the lowest income levels are the long haulers of the pandemic when it comes to child care and education struggles, a recent CNBC survey of the U.S. workforce reveals.
The vaccine the second approved for use in the U.S. behind Pfizer and BioNTech s is Moderna s first-ever FDA authorized product. The agency s authorization kickstarts the federal government s plan to distribute roughly 5.9 million doses of Moderna s vaccine to 64 states, territories and major cities across the nation next week.
Initial doses will be limited as manufacturing ramps up, with officials predicting it will take months to immunize everyone in the U.S. who wants to be vaccinated. U.S. officials hope to vaccinate at least 20 million Americans mostly front-line health-care workers and nursing home residents by the end of the year.
The vaccine the second approved for use in the U.S. behind Pfizer and BioNTech s is Moderna s first-ever FDA authorized product. The agency s authorization kickstarts the federal government s plan to distribute roughly 5.9 million doses of Moderna s vaccine to 64 states, territories and major cities across the nation next week.
Initial doses will be limited as manufacturing ramps up, with officials predicting it will take months to immunize everyone in the U.S. who wants to be vaccinated. U.S. officials hope to vaccinate at least 20 million Americans mostly front-line health-care workers and nursing home residents by the end of the year.