Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Just as the coronavirus hit communities of color disproportionately hard in the spring, those same communities face a tougher path to full economic recovery.conducted by Goldman Sachs, Babson College, and David Binder Research, 39% of Black business owners receiving PPP loans have already been forced to lay off employees. That share was just 32% among all survey participants.
Black business owners are also at a greater risk of cutting salaries, laying off employees, and depleting their cash reserves if Congress fails to pass new stimulus this month.Black business owners are feeling a disproportionate amount of economic pain and face a steeper climb to pre-pandemic activity, Goldman Sachs found in a recentThe coronavirus pandemic slammed communities of color harder than others through the spring.
A bigger gap emerged between those who've struggled to recuperate sales. Nearly one-third of Black business owners said they've seen less than 25% of their pre-pandemic revenues return, while just 16% of all respondents suffered the same hit.Renowned strategist Tom Lee called the market's rebound from its worst-ever crash. He lays out 9 bullish forces for stocks after this week's 'overdue' sell-off, and shares his best strategy for cashing in.
Democrats have united against the measure. Senate Minority Leader Chuck Schumer deemed it "emaciated," and the party continues to call for a bill of at least $2.2 trillion in relief spending.
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