The American consumer came back last month, with retail sales increasing 7.5 percent from May as stores reopened in warm weather, shoppers shook off lockdown fatigue and the federal government pumped trillions of dollars of stimulus into the economy.
The jump, which sent spending back to just below where it
Employers brought back millions more workers in June as businesses began to reopen across the country. But the recent surge in coronavirus cases is threatening to stall the economic recovery long before it has reached most of the people who lost their jobs.
U.S. payrolls grew by 4.8 million in
WASHINGTON — The Federal Reserve is widely expected to leave interest rates near zero on Wednesday while pledging to continue buying bonds, but economists are watching for any hint about how the central bank might adjust policy in the longer run.
Officials are set to release their first set of
Pacific Gas & Electric said on Wednesday that its chief executive, Bill Johnson, would retire at the end of June after seeing the troubled company through its bankruptcy.
Mr. Johnson, a utility industry veteran, joined PG&E last May after it was forced to seek bankruptcy protection because of billions of
