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Jobless Claims Total 1.5 Million, Worse Than Expected As Economic Pain Persists

AMERICA - Published date: .

The elevated claims number persists even as all states have reopened to varying degrees and nonfarm payrolls grew by 2.5... Read more

U.S. May Retail Sales Surge 17.7% In The Biggest Monthly Jump Ever

AMERICA - Published date: .

U.S. retail sales were expected to rise 8% in May, after plunging 16.4% the prior month as retailers went into lockdown ... Read more

Powell Warns Of 'significant Uncertainty' About The Recovery And Says Small Businesses Are At Risk

AMERICA - Published date: .

The Fed chairman repeated warnings about the economy during the first day of his semiannual testimony before Congress. Read more

Powell Says The Fed Doesn't Want To 'run Through The Bond Market Like An Elephant'

AMERICA - Published date: .

Powell said the central bank's announced move this week to buy corporate bonds fulfills a pledge it had made earlier but... Read more

Homebuilder Sentiment Posts Biggest Monthly Surge Ever, A Sign Housing Is Rebounding From Coronavirus

AMERICA - Published date: .

Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Associati... Read more

The Fed Says It Is Going To Start Buying Individual Corporate Bonds

AMERICA - Published date: .

Those purchases will go along with the ETFs the Fed already has been buying, the central bank announced Monday. Read more

New York Region Manufacturers Are The Most Optimistic Since The Great Recession

AMERICA - Published date: .

Monthly improvement came across the board, especially in the index of future business conditions. Read more

U.S. Import Prices Post Largest Gain In More Than A Year

AMERICA - Published date: .

U.S. import prices rebounded more than expected in May, which could further diminish fears of deflation as the economy b... Read more

Treasury Secretary Mnuchin Says 'we Can't Shut Down The Economy Again'

AMERICA - Published date: .

Treasury Secretary Steven Mnuchin told CNBC that shutting down the economy for a second time to slow Covid-19 isn't a vi... Read more

More Expensive Meat Drives Up U.S. Producer Prices

AMERICA - Published date: .

U.S. producer prices increased more than expected in May amid a surge in the cost of meat, but the underlying trend in p... Read more

Weekly Unemployment Claims Better Than Expected As Workers Leave Jobless Rolls

AMERICA - Published date: .

Those collecting benefits declined as well, totaling 20.9 million, compared with a downwardly revised 21.5 million a wee... Read more

The Company That Saved Barneys, Forever 21 While In Bankruptcy Says It's Time To 'buy Low, Sell High'

AMERICA - Published date: .

The company that has purchased retailers such as Forever 21 out of bankruptcy is looking for buying opportunities during... Read more

Fed Sees Interest Rates Staying Near Zero Through 2022, GDP Bouncing To 5% Next Year

AMERICA - Published date: .

The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month an... Read more

Here's What Changed In The New Fed Statement

AMERICA - Published date: .

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous... Read more

U.S. Consumer Prices Post Third Straight Monthly Drop

AMERICA - Published date: .

U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the Co... Read more