Last year, Eastern Ohio was affected by a major loss when General Motors made the decision to close their Lordstown facility, a major part of this small town. Since then, a banker by the name of Steve Burns, now CEO for Lordstown Motors, is starting from the ground up with hopes to revive the facility once again.
In May, U.S. retailers were happy to report that since the reopening after the shutdown from the coronavirus pandemic, retail sales jumped a record high of 17.7%. The rebound in sales reflects the gradual lift on businesses after two months of stay at home orders. With the increase in consumer demand, the federal tax payments and unemployment benefits also helped with the increase in sales.
Today many states are holding their presidential primary elections amid the coronavirus pandemic. States that delayed or had made changes to their planned primary due to the outbreak, had postponed since mid-March.
As some countries begin measures to reopen and try to get back to somewhat of a normal routine again, Brazil is still fighting the spread of COVID-19. At least five oil producers have registered coronavirus cases among their employees and contractors at facilities located off the coast of Brazil.
For the first time in 20 years, AAA has NOT issued their Memorial Day travel forecast since the economic data utilized to create the forecast has been affected by COVID-19. Even with states reopening, many Americans are choosing to play it safe and stay home. The AAA annual forecast that estimates how many people will travel over this holiday weekend, plans to make a comeback next year.