The hardships continue. The S&P, Dow, and Nasdaq all dropped at least 0.6% this past week. 1.42 million Americans filed for unemployment benefits this past week, accelerating for the first time in nearly four months. Market expectations were only at 1.30 million.
Dan Forest is not your typical politician. He grew up in Charlotte, born and raised as a proud North Carolinian, and managed to become president of the largest architectural firm in the state. In 2012, he found his calling in serving the people and became the first Republican Lieutenant Governor of North Carolina since 1897. By 2016, Forest made history again by becoming the first Republican Lt. Governor to ever be re-elected.
Markets have been showing indications of another slowdown. Some of the largest banks, including Wells Fargo, JP Morgan, and Citigroup, have nearly doubled the amount of money set aside for corporate loans. This totals up to $33 billion. It has been revealed that the good news of second quarter gains was in reality due to banks collecting fees by helping companies stockpile their cash, not in helping companies in deals.
AANN had the opportunity to interview Ken Yang, a Political Consultant in Arkansas. He is a first-generation Asian American who wholeheartedly devotes his efforts to helping others. His story serves as a prime example of Asian American success, achieving greatness even in the face of adversity.
Kenneth Wong, a leader in business, the military, and the community sits down with AANN to share key insights on how he achieved success.
The Labor Market is what had everyone’s attention this week. US Unemployment beat expectations of 12.3% this month to settle at 11.1%. The number of unemployed people fell by 3.2 million to 17.8 million as they returned to the labor market.
