Treasury Unemployment Payouts Surpass $100 Billion in June...


by www.msn.com

www.msn.com— The U.S. Treasury Department has paid out more than $100 billion in unemployment benefits in June, the most for a single month since the pandemic started and underscoring the importance of federal relief efforts to shore up a battered job market.

The Fiscal Times—Unemployment Payments Top $100 Billion in June. Michael RaineyJune 30, 2020With one day in the month to go, the U.S. Treasury Department has paid out $108.5 billion in unemployment benefits

Business Insider—Meet Colin Huang, who just stepped down as CEO of $100 billion Pinduoduo and whose wealth exploded by $25 billion in 2020. Visual China Group/Getty Images Colin Huang, the 40-year-old founder of ecommerce giant Pinduoduo, is currently China's third-richest person. Huang on July 1 stepped down as chief executive of Pinduoduo, which has managed to rack up a market cap of more than $100 billion in less than five years. Pinduoduo is a gamified online marketplace that connects buyers and sellers and has a market value of $101 billion — more than Uber or Sony. Huang, who owns 29.4% of the company, is currently worth more...

MSN—Biden surpasses Trump in June fundraising. Joe Biden's surge in fundraising comes amid dismal poll ratings for President Trump.