Home » Posts tagged with » TOM OZIMEK (Page 3)

Kudlow Expects Economy to Surge by Over 20 Percent On ‘Terrific Numbers’

Kudlow Expects Economy to Surge by Over 20 Percent On ‘Terrific Numbers’

BY TOM OZIMEK White House economic adviser Larry Kudlow told Fox News on Thursday that he expects the economy to grow by over 20 percent in the final quarters of 2020 and that predictions for a sharp, V-shaped recovery remain in play. “Twenty-percent-plus growth in the third and fourth quarters. You can score that,” Kudlow said in an interview with […]

Lyft to Suspend Service in California as Gig Work Fight Escalate

Lyft to Suspend Service in California as Gig Work Fight Escalate

BY TOM OZIMEK Lyft announced it will halt its ride-sharing service in California on Thursday in response to a state law that requires them to make drivers employees instead of independent contractors. In a Thursday blog post, the company confirmed that the suspension will take effect on Aug. 20 at 11:59 p.m. PT, while urging support for a ballot […]

US Home Construction Surges by 22.6 Percent, Beating Expectations

US Home Construction Surges by 22.6 Percent, Beating Expectations

BY TOM OZIMEK Construction of new homes in the United States surged by a prediction-beating 22.6 percent last month as homebuilders continue their rebound from the COVID-induced slowdown and reinforcing the view that America’s housing market is a rare bright spot in the economic crisis triggered by the outbreak. The Commerce Department reported Tuesday that new […]

UPS and FedEx Reject Handling Mail-In Ballots as Postal Service Warns of ‘Significant’ Delays

UPS and FedEx Reject Handling Mail-In Ballots as Postal Service Warns of ‘Significant’ Delays

BY TOM OZIMEK As the United States Postal Service (USPS) warned of possible “significant” delays in handling mail-in ballots ahead of the November election, there have been calls for private delivery companies to help manage absentee balloting, an idea both FedEx and UPS have rejected. FedEx and UPS told Reuters that, for the most part, private delivery companies cannot legally […]

Around 3 Percent of COVID-19 Deaths Involve Factors Like Poisoning, Car Accidents: CDC

Around 3 Percent of COVID-19 Deaths Involve Factors Like Poisoning, Car Accidents: CDC

BY TOM OZIMEK Thousands of Americans who died due to COVID-19 had a range of “adverse events” listed on death certificates that seem far-removed from the disease like “contact with venomous animals and plants” and “air and space transport accidents,” according to the Centers for Disease Control and Prevention (CDC). The agency’s most recent provisional death count figures, updated on Aug. […]

Surge In Number of Americans Moving In With Older Family Members Amid Pandemic: Fed Study

Surge In Number of Americans Moving In With Older Family Members Amid Pandemic: Fed Study

BY TOM OZIMEK Researchers at the Federal Reserve have noted a surge in the number of Americans moving in with older family members during the pandemic, with the shift impacting certain demographics more sharply than others. “The COVID-19 pandemic has profoundly affected the living arrangements of millions of Americans,” said Daniel Garcia and Andrew Paciorek, authors of […]

Trump Vows to Use Executive Order to Extend Jobless Benefit

Trump Vows to Use Executive Order to Extend Jobless Benefit

BY TOM OZIMEK President Donald Trump said he would use executive action to extend the pandemic unemployment benefit, along with other measures, vowing to break the deadlock on Capitol Hill over a clutch of pandemic relief measures. Trump made the remarks during a news conference in Bedminster, New Jersey, on August 7. Calling the enhanced unemployment benefit one of the […]

California County to Give $1,250 Stipend to Some COVID-19 Sufferers

California County to Give $1,250 Stipend to Some COVID-19 Sufferers

BY TOM OZIMEK California’s seventh most populous county will give people infected with the CCP virus a one-time lump sum payment of $1,250 under a pilot program meant to help vulnerable residents unable to work while self-quarantining after contracting the potentially deadly bug. The Alameda County Board of Supervisors on Tuesday approved the program, which will initially […]

US Economy Adds 1.8 Million Jobs and Unemployment Falls to 10.2 Percent

US Economy Adds 1.8 Million Jobs and Unemployment Falls to 10.2 Percent

BY TOM OZIMEK The U.S. economy added 1.763 million jobs in July, bringing the unemployment rate down to 10.2 percent and reflecting the continued resumption of economic activity after COVID-19 shutdowns. The Department of Labor said in its closely-watched “nonfarm payrolls” report released Friday that the vast majority of the job gains occurred in the services sector, which accounted […]

US Manufacturing Soars to 15-Month High: ISM

US Manufacturing Soars to 15-Month High: ISM

BY TOM OZIMEK   Manufacturing in the United States, as measured by a key business activity gauge, surged to a 15-month high in July, exceeding economists’ expectations. The Institute for Supply Management (ISM) business survey, published Aug. 3, shows that its topline manufacturing activity indicator, called the Purchasing Managers’ Index (PMI), surged to a reading of 54.2 in July. Readings […]