Economy
US Consumer Spending Rose, Inflation Was Moderate In February
AMERICA - Published date: .
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the co... Read more
Jobless Claims Soar Past 3 Million To Record High
AMERICA - Published date: .
The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. Read more
US Economy Grew At 2.1% Rate In Fourth Quarter
AMERICA - Published date: .
The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the las... Read more
Bernanke Says Fed Chief Powell 'got Ahead Of This,' And 'going Big' Was Right Thing To Do
AMERICA - Published date: .
Bernanke told CNBC the Federal Reserve acted with appropriate force. Read more
Former Fed Chairman Ben Bernanke Sees 'very Sharp' Recession, Followed By 'fairly Quick' Rebound
AMERICA - Published date: .
Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, Read more
Fed's James Bullard Says After A Short-term 'unparalleled' Shock, Economy Will Boom Again
AMERICA - Published date: .
The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket t... Read more
US Durable Goods Orders Unexpectedly Jump 1.2% In February
AMERICA - Published date: .
New orders for long-lasting U.S. manufactured goods unexpectedly rose in February, but are set to decline as strict meas... Read more
White House Not Considering Three-month Tariff Deferral, Top Trade Advisor Peter Navarro Says
AMERICA - Published date: .
The White House's top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferr... Read more
The Federal Reserve Just Pledged Asset Purchases With No Limit To Support Markets
AMERICA - Published date: .
The Federal Reserve launched a barrage of programs aimed at helping markets function more efficiently amid the coronavir... Read more
The Government Budget Deficit Is About To Explode To Fight The Coronavirus
AMERICA - Published date: .
Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like the good ... Read more
Financing Programs For Businesses Hit By The Coronavirus Could Amount To $4 Trillion, Mnuchin Says
AMERICA - Published date: .
Part of a bipartisan stimulus effort will include joint efforts between the Treasury and Federal Reserve to get liquidit... Read more
Fed's Bullard: Coronavirus Shutdown Is Not A Recession But An Investment In Survival
AMERICA - Published date: .
Shutdown measures must be coupled with massive federal government support to sustain the population through isolation an... Read more
Economist: Next Week's Jobless Claims Could Hit 2 Million As Coronavirus Halt Slams Labor Market
AMERICA - Published date: .
"It looks to me like the order of magnitude in most states seems to be about 10 times higher than the normal weekly numb... Read more
Weekly Jobless Claims Jump To 281,000 Ahead Of Surge In Coronavirus Layoffs
AMERICA - Published date: .
Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have ... Read more
Unprecedented Spike In Weekly Jobless Claims Is Just The Start, As Unemployment Is Set To Double
AMERICA - Published date: .
Thursday's spike in weekly jobless claims, considered the canary in the coal mine for labor, signals the start of a crus... Read more
US Producer Prices Post Biggest Drop In Five Years
AMERICA - Published date: .
U.S. producer prices fell by the most in five years in February, pulled down by declines in the costs of goods such as g... Read more
From Boeing To Tennessee Whiskey, Coronavirus Bailout Requests Top $1 Trillion
AMERICA - Published date: .
As the coronavirus outbreak threatens to bring U.S. economic activity to a grinding halt, American businesses are jockey... Read more
The Coronavirus Crisis Could Inflict Record-setting Damage On The US Jobs Market
AMERICA - Published date: .
The first wave of bad economic news directly related to the coronavirus crisis is likely to come from weekly jobless cla... Read more
US Housing Starts Fall Less Than Expected In February
AMERICA - Published date: .
U.S. homebuilding fell in February, pulled down by a sharp decline in the construction of multifamily housing units, and... Read more
Mnuchin Warns Senators Of 20% US Unemployment Without Coronavirus Rescue, Source Says
AMERICA - Published date: .
U.S. Treasury Secretary Steven Mnuchin warned Republican senators that the country's unemployment rate could hit 20% if ... Read more
