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People have $5 4 trillion in excess savings, report estimates, and they are getting ready to spend

People have $5.4 trillion in excess savings, report estimates, and they are getting ready to spend Mark Lennihan/AP FILE - In this March 25, 2021 file photo, shoppers look at items in Bed, Bath and Beyond, in New York. U.S. consumer prices increased a sharp 0.6% in March, the biggest increase since 2012, while inflation over the past year rose a sizable 2.6%. The big gains were expected to be a temporary blip and not a sign that long dormant inflation pressures were emerging. (AP Photo/Mark Lennihan, File) and last updated 2021-04-19 16:16:18-04 Around the world, a year after the coronavirus pandemic shut down economies and forced millions to stay at home, there are

Asian-American businesses hit hard amid COVID-19: media - World News

2021-04-16 03:36:23 GMT2021-04-16 11:36:23(Beijing Time) Xinhua English BEIJING, April 16 (Xinhua) Asian-owned businesses in the United States have suffered heavy losses amid the COVID-19 pandemic mainly due to difficulties in accessing government aid and fears over rising hate crimes against Asians, according to a recent report by Reuters. By the end of March, sales for Asian-American businesses plummeted over 60 percent year on year, greater than the roughly 50-percent decline faced by other small businesses, Reuters quoted a research from the JPMorgan Chase Institute as saying. A study released last month by the New York Federal Reserve also found that small Asian-American firms fared worse than those owned by black Americans and Hispanic Americans.

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