White House rejects bailout for U.S. Postal Service battered by coronavirus

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Dollar-denominated exports in China jumped 7.2% year-on-year, economists at Reuters predicted a fall of 0.2%. In July, China posted a trade surplus of $62.33 billion, beating the $42 billion economists had expected. China’s trade surplus was $46.42 billion in June. Despite the coronavirus pandemic hitting global demand, exports from China have held up as exports in medical supplies jumped in the first half of the year

trump china us economy

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Georgia, Oklahoma, and Alaska allowed some shops to reopen after measures imposed to curb the spread of the coronavirus, as the country's death toll passed 51,000. Salons and spas could reopen in Georgia and Oklahoma while Alaska lifted restrictions on restaurants. Customers visiting the newly reopened businesses in Georgia, Oklahoma, and Alaska will be expected to continue adhering to social distancing measures

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The provision, in a section outlining which small businesses qualify for loans from the federal government, allowed big chains like Shake Shack, Potbelly and Ruth’s Chris Steak House to get tens of millions of dollars while many smaller restaurants walked away with nothing when the $349 billion fund was exhausted last week.

house funds guys

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U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week. However, the fact remains that the U.S. is the top oil producer, and if it does not adjust its output, Russia’s and Saudi Arabia’s willingness to curb production will make little sense for prices.

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