U.S. Congress Approves $1.9 Billion Pandemic Package
The U.S. House of Representatives approved on Wednesday, March 10, the expected rescue plan for the Covid-19 pandemic for 1.9 trillion dollars (or one trillion dollars, as it is known in English), promoted by President Joe Biden. The fiscal aid package is for 1.9 trillion dollars and its approval did not have Republican support, different […]
Retail sales rose 5.3% in January, much higher than expected
Stimulus money sent in late 2020 appeared to translate into spending, rather than saving, reversing three consecutive months of declines. Retail sales rose 5.3 percent in January, much more than analysts and economists expected, providing a needed boost to an economy that showed signs of weakening late last year. The big increase in sales, reflected […]
Goldman Sachs plans to move to South Florida
Goldman Sachs Group is considering moving its asset management division to South Florida, potentially joining other financial giants that have left New York for the Miami area. The investment bank has looked at spaces in Palm Beach County and Fort Lauderdale, Bloomberg reported. Goldman Sachs is looking for take advantage of tax benefits if you […]
The U.S. economy is growing at a record 33.1%, according to a second estimate.
The U.S. economy grew at a record pace during the third quarter, according to a second estimate released Wednesday by the Commerce Department. Gross Domestic Product rose 33.1% during the three months through September, unrevised from the first estimate and in line with the expectations of analysts surveyed by Refintiiv. The initial estimate released last month […]
