JPMorgan Chase & Co said on Thursday it would commit $30 billion to address racial inequality over the next 5 years, marking one of the largest corporate pledges related to race since the death of George Floyd. Freddie Joyner has more.
Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday. Business Insider reports better-than-expected trends in retail sales, the housing market, and hiring. BoA lowered its fourth-quarter projection to 3% from 5%. Failed stimulus negotiations are growing increasingly likely. No new aid could be a speed bump for the American economy. BoA made the adjustment after Senate Democrats blocked Republicans' $500 billion measure on Thursday.
America's coronavirus deaths could surpass 511,000 by the end of February. According to Business Insider, the staggering number comes from a new University of Washington model. The model also found that nearly 130,000 of those lives could be saved if 95% of Americans wore masks. The problem officials found is that only 60% of Americans say they always wear a mask in public. Researchers found that mask-wearing could also delay the need for lockdowns.
Former state legislator Jaime Harrison is challenging GOP Sen. Lindsey Graham. He is hoping to take Lindsey Graham's spot for US Senate in South Carolina. Graham is one of the most high-profile Republican Senators and a vocal supporter of Trump. Graham is seeking a fourth term to office in 2020, according to Business Insider. Harrison is putting up a formidable fight in deep-red South Carolina, narrowly outpacing Graham.
If you've managed to get your bachelor's degree, congratulations! And if you're thinking about grad school, get your piggy bank out and start saving. According to Business Insider, getting a master's degree or Ph.D. in your chosen field can be a smart career move, but it can also be a financial time bomb. If you want to go to grad school five years from now, start saving. First, research schools, tuition, and determine your monthly and annual living expenses.
The Wall Street Journal is reporting that streaming service Quibi is considering shutting down. Quibi has struggled to gain a foothold in the streaming industry since its launch in April. Business Insider reports that Quibi has failed to attract viewers and none of its shows have become major hits. Last month WSJ reported that Quibi was exploring multiple options, including a possible sale. The company boasted Hewlett Packard Enterprises CEO Meg Whitman as its CEO.
There are several misconceptions about highly successful people. Business Insider spoke with psychotherapist, Amy Morin. Morin has interviewed many successful people for her podcast. She says that successful are not fearless. They're just more willing to push themselves to face their fears. Morin says mental strong professionals embrace uncomfortable situations. They aren't afraid to ask questions. They admit they don't have all the answer. They always keep learning.