Economy
Weekly Jobless Claims Total 2.981 Million, Bringing Coronavirus Tally To 36.5 Million
AMERICA - Published date: .
The total 2.981 million new claims for unemployment insurance brought the coronavirus crisis count to nearly 36.5 millio... Read more
US Import Prices Post Largest Drop In Over Five Years
AMERICA - Published date: .
U.S. import prices fell by the most in more than five years in April as the coronavirus crisis depressed demand for petr... Read more
The Jobs Recovery Could Be Choppy, With Some Coming Back Quickly And Others Lost Forever
AMERICA - Published date: .
Construction and manufacturing may be some of the quickest sectors to regain jobs, experts say, but the hospitality indu... Read more
Nearly 600,000 Australians Lose Jobs As Virus Lockdown Bites
Funds - Published date: .
The Treasury has forecast the unemployment rate will reach 10 percent in the June quarter. Read more
Goldman Sachs Says A Second Wave Of Coronavirus Could Make The Fed Rethink Negative Interest Rates
AMERICA - Published date: .
But negative interest rates wouldn't be "very helpful" to the economy, said Zach Pandl, co-head of global foreign exchan... Read more
Virus-slammed UK Economy Slumps At Fastest Pace Since 2008
Funds - Published date: .
The nation's second-quarter contraction is meanwhile expected to be far steeper than the first. Read more
Powell's Gloomy Outlook Has Investors Predicting The Fed May Make Another Big Move Soon
AMERICA - Published date: .
Some strategists say the Fed could announce a new quantitative easing program before or at its June 9-10 meeting. Read more
Fed's Mester Sees A Recovery Or A 'much More Dire' Scenario As Equally Possible
AMERICA - Published date: .
Mester echoed Chairman Jerome Powell's mostly pessimistic view on the economy, telling CNBC on Wednesday that while grow... Read more
Powell Says More Policy Help May Be Needed To Pull The US Out Of Economic Downturn
AMERICA - Published date: .
Powell noted the unprecedented strength of fiscal and monetary measures already taken but stressed the need to make sure... Read more
Powell Says The Federal Reserve Is Not Considering Negative Interest Rates
AMERICA - Published date: .
"I know there are fans of the policy, but for now it's not something that we're considering," the central bank chief sai... Read more
Watch Fed Chairman Jerome Powell Speak Live On The Economy
AMERICA - Published date: .
The focus of the speech is on the economy and the damage done during the coronavirus crisis. Read more
US Producer Prices Tumble In April
AMERICA - Published date: .
U.S. producer prices fell more than expected in April, leading to the largest annual decline since 2015. Read more
After Trying For A Decade, Central Banks Might Succeed At Generating Inflation
AMERICA - Published date: .
"The forces that will bring about inflation are aligning," Chetan Ahya, chief Asia economist at Morgan Stanley, said in ... Read more
US Risking A Second Wave And A Depression, Mark Zandi Warns
AMERICA - Published date: .
Mark Zandi of Moody's Analytics' worries businesses may reopen too soon and create another spike in coronavirus cases. Read more
A Record 20.5 Million Jobs Were Lost In April As Unemployment Rate Jumps To 14.7%
AMERICA - Published date: .
Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used... Read more
Small Business Loans Are Not Going Proportionately To The Hardest-hit Areas, Fed Study Shows
AMERICA - Published date: .
States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a... Read more
Fed's James Bullard Says The Jobs Report On Friday Will Be One Of The Worst Ever
AMERICA - Published date: .
Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid c... Read more
US Private Payrolls Drop By 20.2 Million In April, The Worst Job Loss In The History Of ADP Report
AMERICA - Published date: .
Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took mo... Read more
Fed Vice Chair Clarida Says More Support May Be Needed, But Economy To Rebound Next Quarter
AMERICA - Published date: .
"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," ... Read more
US Services Sector Posts Biggest Contraction Since 2009 As Coronavirus Halts Economic Activity
AMERICA - Published date: .
The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought ... Read more
