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Equities Rally As Reopenings Trump Geopolitical Tensions
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Adding to the broadly positive outlook is optimism about progress on a vaccine. Read more
Home Sales Dropped Nearly 18% In April, While Decline In Inventory Pushed Prices To A Record High
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The economic fallout from the coronavirus hit the housing market hard in April. Read more
More Than Half Of Small Businesses Are Looking To Have PPP Funds Forgiven, Survey Says
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Frustrations are mounting on Main Street due to a lack of guidance from the Small Business Administration on PPP loan fo... Read more
Jobless Claims Total 2.4 Million, Still Elevated Levels But A Declining Pace From Previous Weeks
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The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straig... Read more
Fed Minutes Show Fears Of 'extraordinary Amount Of Uncertainty And Considerable Risks' Because Of Coronavirus
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The meeting, which ended April 29, concluded with the central bank's policymaking arm holding steady on interest rates a... Read more
Dallas Fed President Robert Kaplan Says More Fiscal Help Will Be Needed, Including Aid To States
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More help will be needed from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas... Read more
As States Reopen, It's A Race Against The Clock For Small Businesses To Pay Bills And Stay Solvent
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As states reopen, the focus has turned to whether smaller companies can find enough business to survive, preventing a wa... Read more
Weekly Mortgage Applications Point To A Remarkable Recovery In Homebuying
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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
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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
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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
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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
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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
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"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
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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
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The Fed noted that the recovery likely would depend on how Americans feel about their safety. Read more