Economy
Fed's Neel Kashkari Says Coronavirus Economic Recovery 'could Be A Long, Hard Road'
AMERICA - Published date: .
Kashkari's comments came days after the Labor Department reported that another 6.6 million Americans filed first-time un... Read more
The Fed Is On 'wartime' Footing And Still May Be Asked To Do More
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The moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed. Read more
Federal Reserve Unveils Details Of $2.3 Trillion In Programs To Help Support The Economy
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The programs also direct expanded credit to small businesses, households and state and local governments. Read more
US Weekly Jobless Claims Jump By 6.6 Million And We've Now Lost 10% Of Workforce In Three Weeks
AMERICA - Published date: .
That brings the total claims over the past three weeks to more than 16 million. Read more
'I Feel Better' — Cramer Praises Fed's $2.3 Trillion In Loans To Help Businesses And Governments
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"This is what is needed because we've got to fight off a depression," CNBC's Jim Cramer said. Read more
Fed Will Keep Rates Near Zero Until Economy Has 'weathered' Coronavirus Impact, Minutes Show
AMERICA - Published date: .
Not only did members believe it was important to use all their rate power now, but also that they intend to keep rates a... Read more
Jobs May Not Come Totally Back For Years, All Depending On How Small Businesses Weather This Storm
AMERICA - Published date: .
By some estimates, it will take until 2023 or even longer to bring the labor market back to where it was just week ago i... Read more
US Payrolls Plunge 701,000 In March Amid The Start Of A Job Market Collapse
AMERICA - Published date: .
It was the first decline in payrolls since September 2010 and came close to the May 2009 financial crisis peak of 800,00... Read more
Small Businesses Have 'a Million Questions' About Paycheck Relief Loan As Applications Come Due
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As the SBA prepares to start accepting applications for payroll relief loans on Friday, business owners are confused abo... Read more
US Services Sector Growth Slows Down In March, ISM Says
AMERICA - Published date: .
Activity in the U.S. services sector slowed down in March as business grapple with the coronavirus outbreak, data releas... Read more
Coronavirus Could Create 'a Generation Of Supersavers' And Reshape The Economy
AMERICA - Published date: .
A generation of risk-averse supersavers could emerge from the fallout of the coronavirus crisis and potentially reshape ... Read more
US Jobless Claims Could Soon Exceed 8 Million, Economist Projects
AMERICA - Published date: .
The number of weekly unemployment claims filed in the U.S. could soon exceed 8 million as the fallout from widespread sh... Read more
US Weekly Jobless Claims Double To 6.6 Million
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First-time claims for unemployment insurance had been expected to total 3.1 million, according to economists surveyed by... Read more
These States Could Be Hit With The Biggest Job Losses From The Coronavirus Pandemic
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When the coronavirus pandemic eventually subsides, the economic impact will be felt unevenly from one part of the countr... Read more
Fed's Eric Rosengren Says The Central Bank 'acted Quickly' But Congress Will Need To Do More
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The Boston Fed president still expects big hits from coronavirus on the economy, particularly employment. Read more
Coronavirus Effect Could Be 'far Deeper Than The Subprime Crisis,' Says Mortgage Company CEO
AMERICA - Published date: .
For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Mill... Read more
Mnuchin Says He Will Ask Congress For More Small Business Loan Funding If $350 Billion Pool Runs Out
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The $350 billion loan program aims to help small businesses cover payroll and benefits during the coronavirus pandemic. Read more
US Companies Cut 27,000 Jobs Before The Worst Of The Coronavirus Shutdown, Millions More Coming, Moody's Says
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The March ADP count covers the period before the social distancing measures that have shut down large parts of the econo... Read more
Coronavirus Stimulus Just Pushed Fed's Balance Sheet Past $5 Trillion For The First Time Ever
AMERICA - Published date: .
Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset... Read more
IMF Chief Georgieva Says The World Is In A Recession, Containment Will Dictate Strength Of Recovery
AMERICA - Published date: .
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks ... Read more
