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A Chinese-American civil rights group is suing Trump for $22.9m for calling COVID-19 the "China Virus" and "Kung Flu". That"s $1 for each Asian American and Pacific Islander living in the US.
The Chinese American Civil Rights Coalition is suing Trump for defamation and infliction of emotional distress on Asian Americans. Former President Donald Trump, left, is being sued by a Chinese-Ameri.....»»
: Americans took on significantly less debt during the COVID-19 pandemic — except in one major way
Many Americans have focused on spending less and paying off debt throughout the COVID crisis, rather than taking out new loans......»»
Chinese-Americans poured more than $80,000 into a Proud Boy crowdfunder before Jan 6 insurrection
Asian-Americans and ex-pats from China bank-rolled effort the far-right Proud Boys medical expenses after a violent confrontation with BLM protesters. A member of the Proud Boys guards the front st.....»»
Americans are spending big on hotels and airline tickets as the economy rebounds, Goldman Sachs says
The sectors that wer.....»»
Treasury Secretary Janet Yellen says Americans can expect a "big return" from Biden"s $4.1 trillion spending proposal
The proposals are unlikely to fuel a dangerous surge of inflation, but if they do, the government has the tools to address it, Yellen said. Treasury secretary Janet Yellen pushed for stimulus checks Andrew Harnik/AP President Biden's s.....»»
Economic Report: Consumer spending soars in March after Americans get $1,400 stimulus checks
Consumers splurged on new cars, recreational goods and takeout food in March after most Americans received $1,400 government stimulus checks, giving a big shot in the arm to an economy still recovering from the coronavirus pandemic......»»
8 signs that travel is on the verge of a booming comeback
Vaccines, a new stimulus, and the prospect of summer have Americans itching to travel again as airline, hotel, and restaurant spending climbs. .....»»
: Burberry shares soar as British luxury group upgrades outlook after strong rebound in sales
Demand from Chinese consumers, who have been spending at home, has boosted sales of luxury companies.....»»
China"s plans to boost military spending may make its neighbors even more uneasy
Chinese defense funding will reach US$209 billion in 2021, and Premier Li Keqiang says the military will get a training boost. .....»»
Economic Report: Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
Americans increased spending in January for the first time in three months after the government sent $600 stimulus checks to families and boosted unemployment benefits as part of effort to shore up the economy......»»
: Americans are more likely to go on shopping sprees when the stock market is rising — why that’s a bad thing
'A 10% rise in stock prices is associated with a rise in average spending of just under 1%,”'according to a report published by the JPMorgan Chase Institute......»»
Here"s How Americans Are Spending Their Stimulus Payments
The U.S. government recently sent out its second round of stimulus .....»»
December"s $600 stimulus boosted spending by 30% - and Biden"s new plan calls for checks twice as large
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. Joe Biden plans to implement a $1.9 trillion stimulus packag.....»»
New Year"s resolutions: We"ll focus on health next year, not finances
Covid-19 is driving Americans' New Year’s resolutions focus for 2021 further toward health and wellness and away from their finances, even though many have developed bad spending habits during the pandemic, new research from Allianz Life I.....»»
Congress approves $7 billion for aid on internet bills and efforts to close the digital divide, as part of the larger COVID-19 stimulus package
The coronavirus pandemic has highlighted the digital divide between Americans with and without broadband access as careers and education go remote. The spending allocates $3 billion for monthly rebates on internet bills. eyecrave/Getty Ima.....»»
Nearly 3 million Americans filed jobless claims last week
Many of these workers lost their jobs because of closures and a huge drop in spending and travel during the pandemic. In total, 36.5 million people have filed for unemployment benefits in the past eight weeks......»»
JPMorgan"s U.S. credit card holders spent 40% less due to coronavirus
Credit card spending among some of JP Morgan Chase & Co's U.S. customers fell 40% during March and early April compared to last year, as Americans stayed home to protect against the novel coronavirus, according to a new report on Thursday......»»
Trump broadly claims Chinese-Americans are "VERY angry" with China, but some Asian-Americans lawmakers say "we are very angry at you"
AP Photo/Patrick Semansky Multiple Asian-American lawmakers disputed President Donald Trump's claim that Asian Americans were all "VERY angry" at China. Trump's tweet came .....»»
Small businesses face rise of ‘friendly fraud"
With Americans growing more cautious about their spending habits in the wake of layoffs and pay cuts, experts caution that small businesses should brace for a rise in “friendly fraud.â€.....»»
Zillow eyes home-flipping as Americans tire of their houses
Americans are spending more time than ever at home. Seems like a good time to sell them a new house, according to Zillow. Zillow Group is preparing to fire up the company’s home-flipping business,... To view the full story, click the title link......»»