All News Under "AMERICA" RSS ATOM

Industrial Production Plunges Unprecedented 11.2% In April

AMERICA - Published date: .

American industry suffered the most severe plunge on record last month with factories, mines and utilities battered by t... Read more

Retail Sales Plunge A Record 16.4% In April, Far Worse Than Predicted

AMERICA - Published date: .

The biggest factor in the downturn was a collapse in clothing and accessories that amounted to an 89.3% fall from a year... Read more

Want A Fast Economic Recovery? Invest In Tests, Fed's Kaplan Says

AMERICA - Published date: .

Even with tens of millions of jobs lost and a historic decline in output projected this quarter, the U.S. economy could ... Read more

Weekly Jobless Claims Total 2.981 Million, Bringing Coronavirus Tally To 36.5 Million

AMERICA - Published date: .

The total 2.981 million new claims for unemployment insurance brought the coronavirus crisis count to nearly 36.5 millio... Read more

US Import Prices Post Largest Drop In Over Five Years

AMERICA - Published date: .

U.S. import prices fell by the most in more than five years in April as the coronavirus crisis depressed demand for petr... Read more

The Jobs Recovery Could Be Choppy, With Some Coming Back Quickly And Others Lost Forever

AMERICA - Published date: .

Construction and manufacturing may be some of the quickest sectors to regain jobs, experts say, but the hospitality indu... Read more

Buzzfeed Closes News Operations In Britain, Australia

AMERICA - Published date: .

Ten staff in Britain and four in Australia will be furloughed, in a move that is expected to become permanent. Read more

Goldman Sachs Says A Second Wave Of Coronavirus Could Make The Fed Rethink Negative Interest Rates

AMERICA - Published date: .

But negative interest rates wouldn't be "very helpful" to the economy, said Zach Pandl, co-head of global foreign exchan... Read more

Mortgage Applications From Buyers Jump 11%, Signaling The Spring Housing Market May Not Be A Total Loss

AMERICA - Published date: .

As open houses reemerge from the coronavirus shutdown, buyers are coming back to the housing market much faster than exp... Read more

Georgia Tries To Balance Pressure To Reopen Economy With Threat Of Coronavirus Resurgence

AMERICA - Published date: .

Georgia's new coronavirus cases have plateaued, but it could take until the end of the month to know the effects of reop... Read more

Powell's Gloomy Outlook Has Investors Predicting The Fed May Make Another Big Move Soon

AMERICA - Published date: .

Some strategists say the Fed could announce a new quantitative easing program before or at its June 9-10 meeting. Read more

10% Of Retail Demand Might Be Lost Forever

AMERICA - Published date: .

Five percent to 10% of pre-Covid-19 demand could be decimated permanently, as "lost store volume can't entirely be made ... Read more

Fed's Mester Sees A Recovery Or A 'much More Dire' Scenario As Equally Possible

AMERICA - Published date: .

Mester echoed Chairman Jerome Powell's mostly pessimistic view on the economy, telling CNBC on Wednesday that while grow... Read more

Watch Live: House Coronavirus Subcommittee To Hold A Briefing On Reopening US Economy

AMERICA - Published date: .

The House subcommittee tasked with overseeing the country's coronavirus response is scheduled to hold its first briefing... Read more

WHO Officials Warn Of 'vicious Cycle' Of Economic And Health Disasters If Coronavirus Restrictions Are Lifted Too Quickly

AMERICA - Published date: .

"The worst thing that could happen," economically, is that a country reopens and then has to shut down again to respond ... Read more