breaking news
General Motors, Ford And Fiat Chrysler To Temporarily Close All US Factories Due To The Coronavirus
AMERICA - Published date: .
Detroit's Big Three automakers plan to temporarily close all U.S. factories as the coronavirus sweeps across the country... Read more
The Federal Reserve Is Adding Another Program To Keep Money Flowing For Big Financial Institutions
AMERICA - Published date: .
In the central bank's latest effort to keep credit markets flowing, the Fed announced a Primary Dealer Credit Facility, ... Read more
Fed Will Help Businesses Get Up To $1 Trillion In Funding In The Short-term Borrowing Markets Amid Coronavirus Crisis
AMERICA - Published date: .
In a move much anticipated on Wall Street, the bank announced a special credit facility to purchase corporate paper. Read more
Fed's Mary Daly Says Current Interest Rates Put Economy 'in A Good Place To Weather The Storms'
AMERICA - Published date: .
San Francisco Fed President Mary Daly said she believes last year's rate cuts put the U.S. economy in a strong position ... Read more
US Budget Deficit Topped $1 Trillion In 2019 For The First Time In Seven Years
AMERICA - Published date: .
The budget shortfall hit $1.02 trillion for the year, a 17.1% increase from 2018, which itself had seen a 28.2% jump fro... Read more
Manufacturing Jobs Are 'tough To Fill' And Stand Out As The Weak Spot In The Employment Picture
AMERICA - Published date: .
It's not that the jobs aren't there: There were still 477,000 open positions as of October. Read more
Job Market Ends 2019 With Disappointing 145,000 Growth In Payrolls
AMERICA - Published date: .
The U.S. jobs market ended 2019 on a sour note, with December's payroll and wage growth missing expectations, according ... Read more
Fed Policy Is In A 'good Place' But Will Remain Flexible On Rates And Repo, Vice Chairman Says
AMERICA - Published date: .
Richard Clarida said rate cuts last year helped quell worries over global weakness. Read more
Private Payroll Growth Surges In December To End 2019 Strong, ADP Says
AMERICA - Published date: .
Companies added 202,000 positions in another sign of a healthy labor market, according to a report Wednesday from ADP an... Read more
US Trade Deficit Falls More Than Expected To Hit Lowest Level Since Trump Took Office
AMERICA - Published date: .
The U.S. trade deficit fell more than expected in November ahead of negotiations with China that cooled the simmering ta... Read more
Private Payrolls Growth Tumbles In November As Jobs Market Is 'losing Its Shine'
AMERICA - Published date: .
The big miss could call into question the relatively rosy estimates for Friday's nonfarm payrolls report. Read more
Fed's Brainard Argues For Capping Interest Rate Levels During The Next Downturn
AMERICA - Published date: .
Brainard suggested using Treasury purchases to limit how high short- and medium-term government bond yields can rise. Read more
Fed's Evans Says No More Rate Cuts Are Needed Through 2020
AMERICA - Published date: .
The Chicago Fed president says that policy is probably appropriate given an economy that is softening but still in good ... Read more
Market May Be Expecting More Rate Cuts Than The Fed Will Deliver, Meeting Minutes Show
AMERICA - Published date: .
The Fed's meeting minutes also showed that the trade war dragging down the economy was an overriding concern. Read more
Powell Says The Fed Will Start Expanding Its Balance Sheet 'soon' In Response To Funding Issues
AMERICA - Published date: .
On monetary policy more broadly, Powell stuck to his recent script, saying the Fed stands committed to supporting the re... Read more
The Father Of The Yield Curve Indicator Says Now Is The Time To Prepare For A Recession
AMERICA - Published date: .
Campbell Harvey has led work in research on inverted curves, which have presaged seven straight recessions. Read more
Trade Gap Widens More Than Expected To $54.9 Billion
AMERICA - Published date: .
The U.S. trade deficit widened more than expected thanks in part to a record level of imports of consumer goods. More ta... Read more
September Unemployment Rate Falls To 3.5%, A 50-year Low, As Payrolls Rise By 136,000
AMERICA - Published date: .
The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969. Read more
Odds Are Increasing The Jobs Report Could Disappoint After Weak Numbers Earlier In The Week
AMERICA - Published date: .
Economists surveyed by Dow Jones expect nonfarm payrolls increased by 145,000 in September. Read more
Services Survey Shows Economy Is Weaker Than Expected Amid Slowdown Fears
AMERICA - Published date: .
The report comes amid worries that the U.S. economy faces a recession as global growth slows and tariffs put a dent in b... Read more
