Coronavirus fallout will haunt U.S. economy for years, costing it $8 trillion through 2030, CBO says

1 minute ago   |   Washington Post   |   5 articles

The White House has decided not to put out its own economic projections this summer.
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Stock indexes head higher on Wall Street after wobbly start

Stock indexes head higher on Wall Street after wobbly start

1 minute ago   |   Stl Today   |   2 articles

Stocks are notching modest gains on Wall Street Monday as investors balance cautious optimism about the reopening of businesses shut down because of the coronavirus pandemic...
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Pico Neo 2 Eye hands-on: The 4K, eye tracking, enterprise Oculus Quest

Pico Neo 2 Eye hands-on: The 4K, eye tracking, enterprise Oculus Quest

5 minutes ago   |   Venture Beat

Facebook scored a hit with the all-in-one consumer VR headset Oculus Quest, and now Pico has an enterprise-focused alternative with some big improvements.
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APCIA, Credit Agencies, Object to Proposed Colorado Credit Directive

5 minutes ago   |   A.M. Best

An insurance trade association and credit scoring institutions have joined arms in opposing a proposed directive in Colorado that would require insurers to ignore credit scores...
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MBA Survey: "Share of Mortgage Loans in Forbearance Increases to 8.46%" of Portfolio Volume

MBA Survey: "Share of Mortgage Loans in Forbearance Increases to 8.46%" of Portfolio Volume

5 minutes ago   |   Calculated Risk

Note: To put these numbers in perspective, the MBA notes "For the week of March 2, only 0.25% of all loans were in forbearance." From the MBA: Share of Mortgage Loans in...
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China buys U.S. soybeans after halt to U.S. purchases ordered: sources

5 minutes ago   |   Reuters

State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases after...
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The coronavirus will cost the economy nearly $8 trillion, Congressional Budget Office says

9 minutes ago   |   CNBC   |   2 articles

Through fiscal 2030, the virus will reduce real GDP by 3% from initial economic estimates in January before the pandemic hit.
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U.S. Producers Prove Better Swing Supplier Than Previously Thought

9 minutes ago   |   Forbes

The quick reaction of American producers to cut output in response to market conditions have shown the U.S. to be a better swing supplier than previously believed possible.
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The best cash-back credit cards of June 2020

The best cash-back credit cards of June 2020

9 minutes ago   |   Business Insider   |   2 articles

The best cash-back credit cards in 2020: Best overall: Citi® Double Cash Card The most bonus categories: Wells Fargo Propel American Express® card Strong intro APR offer: Chase...
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Strava has a free and paid version - here's everything you need to know about the social-fitness app's membership tiers

Strava has a free and paid version - here's everything you need to know about the social-fitness app's membership tiers

9 minutes ago   |   Business Insider

Strava has a free and paid version - the paid version, Strava Summit, gives you access to more features. Strava Summit costs $5.00 per month, or $59.99 a year. The free version...
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The Latest: WHO official: Central, South America hard hit

The Latest: WHO official: Central, South America hard hit

The Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems... Read more ...

Tech cos. respond to George Floyd's death, ensuing protests and systematic...

Tech cos. respond to George Floyd's death, ensuing protests and systematic racism

On Sunday, a fourth night of protests erupted around the country, spurred on by the May 25 death of George Floyd at the hands of the Minneapolis police. The movement is a... Read more ...

Facebook employees are reportedly holding a virtual walkout against the...

Facebook employees are reportedly holding a virtual walkout against the company's handling of Trump's posts

Dozens of Facebook employees are holding a virtual walkout on Monday. The unprecedented activism is to protest the company's decision not to take down one of Trump's messages... Read more ...

Construction Spending Decreased in April

Construction Spending Decreased in April

From the Census Bureau reported that overall construction spending decreased in April: Construction spending during April 2020 was estimated at a seasonally adjusted annual... Read more ...

Apple closes stores across the US over safety concerns amid George Floyd...

Apple closes stores across the US over safety concerns amid George Floyd protests

On May 25, a 46-year-old black man named George Floyd died in Minneapolis after a white police officer pinned his knee to Floyd's neck for several minutes during an... Read more ...

Amid protests, U.S. police scanner apps and others saw record downloads

Amid protests, U.S. police scanner apps and others saw record downloads

Downloads of police scanner apps, tools for private communication and mobile safety apps hit record numbers this past weekend in the U.S., amid continued nationwide protests... Read more ...

'Minnesota is in play': Trump insiders view nationwide protests as a...

'Minnesota is in play': Trump insiders view nationwide protests as a political opportunity that could change the 2020 election map

President Trump and his supporters have seized on the violence surrounding protests over the death of George Floyd as a new message for the 2020 White House campaign. They are... Read more ...

The Latest: Pakistan says it's relaxing a ban on tourism

The Latest: Pakistan says it's relaxing a ban on tourism

The Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems... Read more ...

5 Ways Agile Can Help Your Remote Team Thrive

5 Ways Agile Can Help Your Remote Team Thrive

Many companies are leaning into the notion that working remotely doesn't have to mean a sacrifice in work quality. What it does mean, however, is that leaders need to set their... Read more ...

The shift to even more e-commerce spending in the US just accelerated by at...

The shift to even more e-commerce spending in the US just accelerated by at least 2 years because of COVID-19, according to this chart from Morgan Stanley

Morgan Stanley expects COVID-19 to pull forward the US e-commerce penetration rate by at least two years. The firm estimates e-commerce to account for over 23% of US retail... Read more ...