Economy
June Private Payrolls Rose 2.37 Million And There Was A Big Positive Revision For May, ADP Says
AMERICA - Published date: .
Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surve... Read more
Economy's Second-half Comeback Is Now Threatened By Coronavirus Resurgence
AMERICA - Published date: .
Economists expect to see a bounceback in the second half of 2020, but the resurging virus threatens the strength of the ... Read more
Goldman Sachs Says A National Mask Mandate Could Slash Infections And Save Economy From A 5% Hit
AMERICA - Published date: .
A face mask mandate would not only cut the daily growth rate of new cases of Covid-19, but could also save the U.S. econ... Read more
Equities Sink After Wall St Drop As New Virus Cases Spike
Funds - Published date: .
Concerns about the impact on demand from the reimposition of some containment measures weighed on oil markets. Read more
Under Pressure Boris Johnson Launches UK Public Spending Drive
Funds - Published date: .
Johnson's new package is intended to meet the unprecedented challenge the pandemic has posed to the economy, and restore... Read more
Banks Go For Stress Test To Assess The Impact Of Covid-19 On Bad Loans
Banking - Published date: .
Banks have undertaken stress tests to assess the level of non-performing assets caused due to economic slowdown triggere... Read more
Total Of Those Receiving Unemployment Benefits Falls Below 20 Million
AMERICA - Published date: .
Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly hi... Read more
U.S. GDP Fell At A 5% Rate In The First Quarter, And The Worse Is Likely On The Way
AMERICA - Published date: .
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-mont... Read more
A Tale Of Two Recessions: Some Americans Thrive As Others Suffer
AMERICA - Published date: .
The recession is playing out much differently across wealth, race and gender divides. Some are bearing the brunt of the ... Read more
Stock Markets Mostly Down As New Virus Cases Temper Reopening
Funds - Published date: .
Oil prices dipped after a healthy advance on Friday. Read more
Fed's Rosengren Reports 'tremendous Interest' From Businesses For Loan Program
AMERICA - Published date: .
As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the ... Read more
EU Leaders Launch Talks On Huge Virus Recovery Plan
Funds - Published date: .
Europe faces its biggest recession in the bloc's 63-year history, and states are under pressure to look beyond their own... Read more
Another 1 Million Jobless Claims Show Congress May Need To Extend Extra Benefits Set To Expire
AMERICA - Published date: .
Economists say the latest jobless claims report shows adds weight to calls for the extension of expanded unemployment be... Read more
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
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
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
