More people filed for state unemployment benefits last week. Meanwhile states are facing delays because of fraud—California says it won’t be processing new applications for two weeks.
Hundreds of billions of dollars from the CARES act are still untouched. A senator asks if there’s a better way for it to be put to use.
Tiktok has filed an application in China to export Bytedance’s technology. It’s hoping to close the Oracle deal soon.
And new lockdown measures in the Eurozone could make the bad loan problem even worse. We talk to Daniel Lacalle, chief economist at Tresiss, about the possible implications.