Sajid Javid told Parliament the country is on track to reopen on July 19 and insisted Britain is "heading in the right direction."
Student loan forbearance is set to expire on September 30, and some Democrats are calling on President Biden to extend the loan period again.
"We really need an economy that works for everyone," Atlanta Federal Reserve Bank President Raphael Bostic said.
China's continued crackdown on Bitcoin mining sent the value of the world's leading cryptocurrency below $30,000 for the first time since late January. The U.S. remaining the top destination for overseas money in 2021 and 2022, the United Nations said in a report.
"As these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal," Powell said.
Premier Mario Draghi said at a joint press conference in Rome with visiting European Commission President Ursula von der Leyen that the funding will make Italy, the EU's third-largest economy, "more just, more competitive and more sustainable in its growth."
The S&P 500 is on track for its first losing week in four weeks, and banks are losing steam along with other stocks that soared earlier in the year with expectations for the economy and inflation.
"The results from our research have major implications for the field of plastic sustainability and demonstrate the power of synthetic biology to address real-world challenges," said the study's first author Joanna Sadler.
Intertrust, a publicly traded international trust and corporate management firm based in the Netherlands, surveyed 100 hedge fund managers worldwide and found that some firms plan to allocate as much as 10% or more of their portfolios to cryptocurrencies.
Restrictions, such as capacity limits and social distancing requirements, will be lifted for most settings, except for certain large-scale indoor events hosting 5,000 or more people.
Bitcoin's 10% climb in the last two days raises a basic question: Is this a dead cat bounce or the foundation for a rally? The National Retail Federation (NRF) said it expects retail sales to increase 10.5% to 13.5% this year compared with 2020.
May brought another surge in prices for American consumers—a .6 percent uptick over April and 5 percent over the past year, the biggest inflation spike since 2008.
"As life normalizes and the service sector continues to gain momentum, we expect initial jobless claims to continue to trend lower,″ said one economist.
"Those people...who are coming into the labor force brand fresh—not old-timers who've been around for a while—the poor, the minorities the disenfranchised, those with less education, young people who haven't had the job experience, these people aren't worth $15 an hour in most cases."
The efforts come after the North Korean economy suffered from the COVID-19 pandemic, despite Kim's increasing bid to push the country towards self-reliance.
Employment data from the Bureau of Labor Statistics showed a steadily improving situation.
Although personal income saw a decrease in April, the amount Americans are spending reflects a rebounding economy.
A stable and prosperous Africa well-disposed to the U.S. will deliver long-term security and opportunity for Americans.
Border town economies that rely on Mexican tourism struggle as the U.S. and Mexico extend restrictions on crossing at the border.
On Monday, six members of the House Ways and Means Committee sent a letter urging Biden to include recurring direct payments in his American Families Plan.
In a Monday op-ed, Pence claimed corporations will flock to China, which "stands to gain thousands of jobs as U.S. employers flee the crushing taxes" proposed by Biden.
The current U.S. economic situation is becoming increasingly unsustainable. Annual deficits and the national debt can't keep rising endlessly as Modern Monetary Policy theorists suggest. Asset bubbles always burst.
Gas stations across the Southeast are hiking prices, while drivers are rushing to fuel pumps in an attempt to fill up before the gas is gone.
Montana, South Carolina and Arkansas are stopping the extra $300 unemployment payment benefits as the economy rebounds. Several states have begun requiring those receiving unemployment benefits to show they are actively searching for work.
Speaking before a European Parliament committee, EU Economy Commissioner Paolo Gentiloni said that when all efforts are counted together, the EU's COVID response stacks up to the $1.9 trillion relief package passed under President Joe Biden.
Fewer than half of Americans say they are even somewhat concerned they or a family member could be infected with the virus, the new poll shows.