US economy experiences mixture of boom and bust


Even after a daylong hearing which consisted mostly of flaring tempers, pointed accusations, and political showmanship, U.S. tech is still turning a robust profit. This points to the powerful stature of big tech in the American economy and psyche.

For many American experiencing the fallout of the COVID-19 pandemic, big tech’s market gains may feel entirely devoid of reality, where unemployment and financial woes remain largely intact for most Americans.

Explaining the mixed data, Tom Hainlin, a global investment strategist for Ascent Private Capital Management, said “What you’re seeing in the data and in the market reaction is the roll-off of the extra unemployment insurance is a pretty big deal.” Currently, “There’s a lot of expectation for Congress to come through.”


Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.

Want guaranteed coverage? We also offer contract journalism here.  Just be sure you’re comfortable giving up editorial control, because our journalists are dogged and will follow the story through to it’s conclusion. The story will be published to our exacting standards, without regard for your preferred slant.