All News Under "AMERICA" RSS ATOM

Weekly Mortgage Applications Point To A Remarkable Recovery In Homebuying

AMERICA - Published date: .

If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite co... Read more

CBO Projects 38% Drop In GDP, $2.1 Trillion Increase In The Deficit

AMERICA - Published date: .

The CBO also projects 26 million more unemployed Americans than there were at the end of 2019. Read more

Jamie Dimon Says Coronavirus Crisis Is 'wake-up Call' For A More Inclusive Economy

AMERICA - Published date: .

Dimon detailed the steps his firm has taken to support customers and employees since the crisis began two months ago. Read more

Unemployment Is Nearing Great Depression Levels. Here's How The Eras Are Similar — And Different

AMERICA - Published date: .

The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early... Read more

U.S. Housing Starts Fall Sharply In April

AMERICA - Published date: .

U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to... Read more

Powell To Tell Congress The Fed Is Committed To Using All Tools To Fight The Unprecedented Downturn

AMERICA - Published date: .

"We are committed to using our full range of tools to support the economy in this challenging time," Powell said in rema... Read more

Homebuilder Sentiment Bounces Back In May, After Record Plunge In April

AMERICA - Published date: .

After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in M... Read more

Powell Says A Full Economic Recovery May Not Happen Without A Vaccine

AMERICA - Published date: .

The Fed noted that the recovery likely would depend on how Americans feel about their safety. Read more

Federal Government Should Help States, Cities And Hospitals Recover From Coronavirus, Gary Cohn Says

AMERICA - Published date: .

Former Trump advisor Gary Cohn said that a potential vaccine shouldn't stop the government from providing aid to parts o... Read more

Trump Advisor Kevin Hassett: Fed Chief Too Pessimistic On Time It'll Take For Economy To Recover

AMERICA - Published date: .

White House senior advisor Kevin Hassett told CNBC on Monday he disagrees with Fed Chairman Jerome Powell on the time-fr... Read more

LinkedIn Data Shows U.S. Job Hiring May Have Hit Bottom In Mid-April

AMERICA - Published date: .

The U.S. may have experienced the worst of its coronavirus-related job losses in mid-April, and hiring could be on the v... Read more

Powell Says GDP Could Shrink More Than 30%, But He Doesn't See Another Depression

AMERICA - Published date: .

The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s. Read more

GDP Could Decline By 42% In The Second Quarter, According To The Atlanta Fed

AMERICA - Published date: .

The already dismal outlook for economic growth during the current period just got considerably worse. Read more

Consumer Sentiment Unexpectedly Rises After Massive U.S. Fiscal Stimulus

AMERICA - Published date: .

U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the gov... Read more

This Is The Critical Link To Successfully Reopening The US Economy

AMERICA - Published date: .

The successful relaunch of the U.S. economy after the coronavirus shutdown will depend on how effectively companies trea... Read more