Clear. 73.8   F New York
AI-Powered News Summarizer
Top Stories

Stimulus talks have stalled. But the pressure to act is rising

August 2, 2020. Summarized by summa-bot.

WASHINGTON, DC - JULY 27: The flag flies at half-staff in honor of Rep. John Lewis (D-GA) outside the U.S. Capitol where he will lie in state July 27, 2020 in Washington, DC. Called 'the conscience of the U.S. Congress,' Lewis was a civil rights pioneer, contemporary of Dr. Martin Luther King, Jr. and helped to organize and address the historic March on Washington in August 1963. Lewis served Georgia's fifth congressional district from 1987 until his death on July 17. (Photo by Chip Somodevilla/Getty Images)

A resilient US job market in May and June fed investor hopes that a strong economic recovery could quickly power the country out of a crippling recession. But the jobs report for July, due this week, may serve as a reality check — raising pressure on Congress to push through another round of stimulus spending.

London (CNN Business)A resilient US job market in May and June fed investor hopes that a strong economic recovery could quickly power the country out of a crippling recession.

But the jobs report for July, due this week, may serve as a reality check — raising pressure on Congress to push through another round of stimulus spending.

That's a win for a company that owns brands like Tide laundry detergent and Dawn dish soap; sales rose 5% to $17. 7 billion in April-to-June quarter compared to one year ago.

P&G's stock is up 5% this year. Scott's Miracle-Gro (SMG): Shares of the lawn care company have jumped 49% this year, with sales rising 28% in the most recent quarter as more people try out their green thumbs.

Scott's Miracle-Gro raised its full-year guidance, citing "a year of unprecedented success. "Kellogg Company (K): Demand for cereal and frozen food helped Kellogg increase revenue 9% last quarter, excluding the impact of exchange rates and lines of business it sold last year.

Summarizer is on Google News. Now you can get the latest AI summarized news on your favorite news platform.

Don't like Google News? We have an RSS Feed for you.

Suggestions