Page 20 - Bi Select News Today

Americans who got $600 stimulus checks spent 30% more than those who didn't, per BofA Research. The economy might be even stronger with Biden's plan.

Drew Angerer/Getty Images To stimulate the economy after a dramatic slowdown and stock-market crash triggered by the coronavirus pandemic, the Federal Reserve bought Treasury bonds and mortgage-backed securities, a process known as quantitative easing that was pioneered during the 2008 Great Recession. The Fed also kept interest rates low. The wealthy were incentivized to invest in the stock market, and they benefited as equities recovered to record highs by year ...

Walmart Chief Customer Officer Janey Whiteside spoke at the National Retail Federations Chapter One conference. Whiteside said that retailers must be prepared to ditch the old "normal" and "meet customers" with expedited and diverse fulfillment options. "I would imagine these next 12-to-24 months, people arent going to quite know: is it normal?" Whiteside said. As the coronavirus pandemic drags on, people around the world are looking forward to returning to some semblance of normalcy.  But acc...

Millennials' K-shaped pandemic is deepening a decade-old wealth gap, in which some are scraping by on their savings and others are getting richer.