"The first phase of stimulus was, you know quite honestly, wasted," Chamath Palihapitiya told CNBC on Tuesday. "We know this economy is always consumer led."
For the last 11 weeks, public attitudes about leisure activities, like going to the movies, hasn't moved significantly, a warning that consumer habits are not returning to pre-pandemic normalcy.
Hundreds of thousands of workers won't be eligible to receive a $300 weekly boost to unemployment benefits provided by the Lost Wages Assistance program. Here's who doesn't make the cut.
Apparel retailer Francesca's said its ability to continue as a going concern is in doubt after it reported a quarterly sales decline of 29%, citing major supply-chain constraints.
None of the officers involved in the case have been charged. Detective Brett Hankison, who shot 10 rounds blindly into the apartment, was fired in June.
The Nasdaq Composite Index hit a correction this month but has bounced back, with big tech stocks like Apple and Tesla rising again. Recent market history says sudden Nasdaq selloffs don't last.
President Donald Trump's son-in-law and senior advisor Jared Kushner said Tuesday that he supports the president's plan to cut drug prices and argued that the U.S. shouldn't pay more than other European countries for the same treatments.
About one in four Americans say that because of Covid-19, they've taken advantage of some sort of payment deferral program. Navigating these programs can be challenging, but experts say that taking some simple steps and doing your homework can help you avoid pitfalls.