Lucy Harley-McKeown

Several states, such as New York and California, are experiencing issues with unemployment relief as many Americans pin their hopes on a second stimulus check despite the political gridlock in Congress.

The research found that since April, the proportion of people who describe the economy as "bad" has reduced by 11 percentage points.

A leading tax think tank totted up the numbers in March, and estimated that Biden would increase taxes overall by between $3 trillion and $5 trillion over the next decade if he were to get into power.

Morning Consult found in a survey of more than 2,400 people, that Trump receives lower support when asked on the phone than online among those making $75,000 or more each year.

Those that do not file tax returns or receive federal benefits may miss out on stimulus checks, according to a government report, which looked at the $2.6 trillion that was passed in emergency coronavirus support.

This morning, reports emerged that U.S. and Chinese officials had reaffirmed their commitment to phase one of their joint trade deal in a call.

Federal Reserve Chairman Jerome Powell has been tipped to outline the central bank's most active efforts yet in bringing inflation back to a healthy ballpark.

Despite bullish markets, many investors and strategists would not bet on a Trump victory come November.

Walmart's gains tapered off with the stimulus payments, CEO Doug McMillon said, while Target CEO Brian Cornell played down the successful quarter.

"I don't think anyone would claim to understand what is actually being proposed or say with any certainty that it will be enacted," Rupert Weston, a U.K.-based partner at law firm Burges Salmon LLP, told Newsweek.

Bloomberg estimates that, year-to-date, Musk's net worth has rocketed by $62.8 billion. On Monday alone, Tesla stock surged by 11 percent, bumping Musk's worth up by nearly $8 billion.

Reports from Reuters and from analysts polled by Bloomberg suggest it could fetch between $20 billion and $50 billion—a wildly higher price tag than the valuation of its peers.

"It's true there has been a rebound, but not because of anything the president has done," says Eric Winograd, chief U.S. economist at AllianceBernstein.

In its second quarter SEC filings, the fund reported total value of $11.4 billion, and notably bought Boeing while it sold Tesla.

Questions remain about whether markets could be a leading indicator of what is to come in the real economy.

This was despite warnings from big players facing "real concerns" about its longevity as the world's reserve currency.

The injunction and the lawsuit are the most potentially damaging challenges to the companies' businesses so far.

A rise in coronavirus cases in the U.S. suggests that the hoped for V-shaped economic recovery still has far to go.

5.4 million unemployed Americans could run out of money to pay for things like rent, auto payments, credit cards, health insurance, food, and clothing by the end of this month.

Since the stock market crash in March, investor confidence has seemingly returned to the market, despite continued gloomy economic warnings elsewhere.

The calls come as many support measures are about to or have expired. There is no set deadline for the passing of a second stimulus bill.