Economy

Coins have been in short supply around the U.S. during the coronavirus pandemic.

Exact Change Please: Walmart, Kroger, CVS Are Feeling The Coin Shortage

7:38pm July 16, 2020

by Alina Selyukh

Stores, supermarkets and gas stations are grappling with low supplies of pocket change. The national shortage is due in part to people going out less to spend money during the pandemic.

Federal Unemployment Benefits To Expire Soon. What's Next?

4:58pm July 16, 2020

NPR's Sarah McCammon speaks with three workers from different parts of the country about the federal CARES Act unemployment benefits expiring at the end of July.

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Customers wait in line to enter a Zara store inside the newly reopened Garden State Plaza mall in Paramus, N.J., on June 29.

America Went Shopping For Clothes Again In June

9:34am July 16, 2020

by Alina Selyukh

U.S. stores and restaurants got a boost in June as retail sales jumped 7.5%. Spending on clothes doubled. But this was before a new surge in the coronavirus prompted renewed shutdowns in some states.

Economy

How Racial Inequality Manifests In The U.S. Banking System.

6:19am July 16, 2020

Black-owned financial institutions are a shrinking part of the U.S. financial system. NPR's podcast The Indicator from Planet Money looks at what that means for America's racial disparities.

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Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, says his organization has a big role to play in reducing racial economic inequities, which he says, is crucial to a stable economy.

Economy

Racism Has An Economic Cost, Atlanta Fed President Warns

9:15pm July 15, 2020

by Emma Bowman

Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta says his organization is committed to reducing racial economic inequities, which he says, is crucial to a stable economy.

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Forsyth Futures Provides Local Data On COVID-19 Economic Toll

6:12pm July 15, 2020

by Paul Garber

There's a new tool for tracking the economic impact of the pandemic on Forsyth County.

Government Watchdogs Point Out Poor Implementation Of CARES Act's Oversight Measures

4:05pm July 15, 2020

by Tim Mak

The $2 trillion CARES Act was passed with multiple overlapping accountability mechanisms designed to prevent waste, fraud and abuse. But government watchdogs are pointing out flaws in the system.

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Pump jacks operate at dusk near Loco Hills in Eddy County, New Mexico, on April 23. U.S. oil producers are grappling with prolonged low oil prices and the uncertainty created by the coronavirus pandemic.

Economy

Oil Industry, Accustomed To Booms And Busts, Is Rocked By Pandemic

4:05pm July 15, 2020

by Camila Domonoske

When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty.

More so than other big banks, Goldman Sachs depends on stock and bond trading to make money, and the financial markets were the place to be in the second quarter.

Economy

It's Nice To Be Rich: Wall Street Is Raking In Profits In The Stock Market

4:05pm July 15, 2020

by Jim Zarroli

The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it's raking in money on trades.

White House Used Pandemic To Weaken Safety Regulations, Reporter Says

2:17pm July 15, 2020

by Dave Davies

New Yorker writer Jane Mayer reports on conditions at a Delaware poultry processing plant owned by a major Trump donor: "No matter what's going on, they've got to keep those chicken lines running."

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