Economy
Consumer Confidence Rises Unexpectedly In May As Economy Reopens
AMERICA - Published date: .
Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data from the Confer... Read more
Japan Central Bank In $279 Bn Loan Boost For Small Firms
Funds - Published date: .
Japan was struggling from the effects of natural disasters and a hike in consumption tax even before the pandemic crippl... Read more
More Than Half Of Small Businesses Are Looking To Have PPP Funds Forgiven, Survey Says
AMERICA - Published date: .
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
AMERICA - Published date: .
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
AMERICA - Published date: .
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
AMERICA - Published date: .
More help will be needed from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas... 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
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 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
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
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
Virus Could Cut Up To 9.7 Percent Off Global Economy: ADB
Funds - Published date: .
Many airlines have either retrenched staff or told their employees to take unpaid leave. 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
WTO Chief To Step Down Early As Global Economic Crisis Rages
Funds - Published date: .
The Brazilian diplomat, who became the WTO chief in 2013, suggested that an early change of leadership would help it fac... Read more
