The economic and financial changes we’re going through are unprecedented, and trying to keep up with it all is an impossible task. This newsletter presents some of the most important, interesting, and unexpected economic and businesses news of the week based on a set of statistics. This list is compiled by some of the economics and business experts at EvolvEd, who offer lessons in subjects from basic economics to stock picking (to much more).
- 84% is the amount that restaurant reservations are down in Georgia from a year ago. This is an improvement from the 99.99% that they were down in March and April.
- 10.8% is the amount that sales at Target increased over the quarter ending May 2nd. Digital sales led this rise, growing 141% each month during the quarter.
- $600 billion is the value of the U.S. governments main pension fund, the Thrift Savings Plan. The Trump administration has urged the fund to stop investing in Chinese firms.
- $1.1 trillion is the total market capitalization of Chinese firms in New York.
- 108 is the number of strikes in April in the United States recorded by Payday Report. This is an increase from previous years and is evidence that the pandemic has spurred organized labor movements.
On EvolvEd you can find experts to teach you the fundamentals of business, economics, stocks and many more topics. Go beyond the headlines by truly understanding what is behind the economics that governs our lives.
- Restaurants: https://www.economist.com/graphic-detail/2020/05/19/american-restaurants-are-struggling-to-fill-tables-weeks-after-reopening
- Target: https://www.wsj.com/articles/target-gains-strength-during-coronavirus-11589970900?mod=business_lead_pos2
- TSP: https://www.economist.com/finance-and-economics/2020/05/14/america-files-a-new-financial-salvo-at-beijing