Economy
Consumer Debt Hits New Record Of $14.3 Trillion
AMERICA - Published date: .
Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 tri... Read more
Test, Trace, Isolate: Governments Need To Do These Three Things Before Reopening Economies, Expert Warns
AMERICA - Published date: .
A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second s... Read more
Putting The Economy Back Together Again: What The Future Holds For Americans
AMERICA - Published date: .
After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy ... Read more
April's Jobs Report Showing Millions Out Of Work Looms Large In The Week Ahead
AMERICA - Published date: .
In the week ahead, the April jobs report is expected to show the highest unemployment since 1939. Read more
Virus Lockdowns Scale Back May Day Rallies
Funds - Published date: .
This year the date carries extra significance after the COVID-19 outbreak sent the global economy into a historic tailsp... Read more
US Weekly Jobless Claims Hit 3.84 Million, Topping 30 Million Over The Last 6 Weeks
AMERICA - Published date: .
Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total t... Read more
US Consumer Spending Plunges 7.5% In March, Reflecting Virus
AMERICA - Published date: .
U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans com... Read more
Fed Pledges To Keep Rates Near Zero Until Full Employment, Inflation Come Back
AMERICA - Published date: .
The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggr... Read more
The Economic Decline In The First Quarter Reveals Even Weaker Consumers And More Unknowns Ahead
AMERICA - Published date: .
Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home ... Read more
8-month 'structured Lockdowns' Could Halve Economic Damage From The Coronavirus, Research Claims
AMERICA - Published date: .
Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the f... Read more
US GDP Shrank 4.8% In The First Quarter Amid Biggest Contraction Since The Financial Crisis
AMERICA - Published date: .
This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since... Read more
The Fed May Provide More Details On The Policy 'bazooka' It Fired To Help Markets
AMERICA - Published date: .
The Fed is not expected to adjust rates but it could provide details on the unprecedented moves it has made to fight the... Read more
Millions Can't Access Unemployment Benefits So Actual Job Losses Are Likely Greater Than Data Shows
AMERICA - Published date: .
The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official gov... Read more
The US Will Need To Spend Trillions More As Economy Takes Until 2022 To Fully Recover: CNBC Survey
AMERICA - Published date: .
A third of respondents in the CNBC Fed survey believe the economy won't be fully restored until the second quarter of 20... Read more
Consumer Confidence Plunges In April As Millions Lose Jobs
AMERICA - Published date: .
The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six... Read more
Home Prices Were Gaining Serious Strength Just Before Coronavirus, Up 4.2% Annually, Case-Shiller Says
AMERICA - Published date: .
Home prices were not only gaining in February, the gains were increasing steadily. The expectation, however, is that pri... Read more
Asia Markets Lifted By Hopes Worst Of Virus Has Passed, Oil Falls
Funds - Published date: .
New York Governor Andrew Cuomo said that a first stage of a reopening would start on May 15 if hospitalisations decrease... Read more
GOP's Kevin Brady: Punishing Businesses With Higher Taxes Would Hurt 'blue-collar' Workers
AMERICA - Published date: .
"I don't think making us less competitive, less attractive, and taking more of what people earn will ultimately be the a... Read more
Some Gig Workers Are Getting $0 In Unemployment Benefits
AMERICA - Published date: .
Gig workers and other self-employed individuals are trying to make sense of yet another wrinkle in a roundabout process ... Read more
US Core Capital Goods Orders Unexpectedly Rise In March, While Durable Goods Orders Plunge 14.4%
AMERICA - Published date: .
U.S. orders for long-lasting factory goods were expected to drop 11.9% in March as the Covid-19 outbreak took hold. Dura... Read more
