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The U.S.’s COVID-19-induced recession ended in April 2020 after two months, making it the nation’s shortest downturn on record, according to the academic panel that serves as arbiter of U.S. expansion dates.
All key indicators of employment and production “point clearly to April 2020 as the month of the trough” in business activity, the National Bureau of Economic Research’s business cycle dating committee said in a statement Monday.
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Employees are embracing AI for money guidance, but new research finds they still want trusted human assistance and personalized tools that connect their full financial picture.
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