Economy
The US Economy Has Wiped Out All The Job Gains Since The Great Recession
AMERICA - Published date: .
The jobless claims report showed that it took only five weeks for the U.S. economy to erase all the job gains since the ... Read more
US Weekly Jobless Claims Hit 4.4 Million, Bringing 5-week Total To More Than 26 Million
AMERICA - Published date: .
The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the... Read more
A 'U,' A 'V' Or Maybe A Nike Swoosh? Economists Try To Predict What A Recovery Will Look Like
AMERICA - Published date: .
As data points come in, they'll largely tell a story about the present and the near past. What they won't provide, at le... Read more
Another 4.3 Million Workers Expected To Have Filed Unemployment Claims
AMERICA - Published date: .
About 4.3 million workers are expected to have filed unemployment claims last week, bringing virus-related layoffs to ov... Read more
Eurozone Economy Suffers 'unprecedented' Collapse
Funds - Published date: .
Employment in Europe plummeted for the second month running. Read more
Chamath Palihapitiya: We've 'ripped The Philosophical Band-aid Off' On Universal Basic Income
AMERICA - Published date: .
The Social Capital CEO has been critical of the United States' economic reaction to the Covid-19 pandemic, saying that s... Read more
New York Fed President Williams Says The Economy Won't Be Back To 'full Strength' By End Of 2020
AMERICA - Published date: .
Areas such as construction should be the first to come back, John Williams told CNBC. Read more
Weekly Jobless Claims Hit 5.245 Million, Raising Monthly Loss To 22 Million Due To Coronavirus
AMERICA - Published date: .
The most recent count represented a drop from the previous two weeks but still showed that the damage to the U.S. labor ... Read more
The US Economy Has Erased Nearly All The Job Gains Since The Great Recession
AMERICA - Published date: .
The jobless claims report showed that it took only four weeks for the U.S. economy to erase all the job gains in the las... Read more
Billionaire Barry Diller Says Bail Out Everyone And 'worry About Paying The Bills Later'
AMERICA - Published date: .
"The damage that is being done every day is enormous," Expedia and IAC Chairman Barry Diller told CNBC on Thursday. Read more
US Home Construction Collapsed 22.3% In March
AMERICA - Published date: .
U.S. homebuilding fell more than expected in March as the Covid-19 outbreak slammed the housing industry, despite lower ... Read more
The Fed's Main Street Problem: Worries Rise That Money Won't Go Where It's Most Needed
AMERICA - Published date: .
It wasn't supposed to work like this: The Federal Reserve was not going to have to come back and rescue the economy the ... Read more
Small Business Loans Top $296 Billion And Could Reach The Program's Limit By The End Of Wednesday
AMERICA - Published date: .
"It's a tremendous program to keep our business afloat," said one small business owner. Read more
The Economic Data Is Even Worse Than Wall Street Feared: 'The Economy Is Clearly In Ruins Here'
AMERICA - Published date: .
Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the ea... Read more
Fed Beige Book Says Economy Contracted 'sharply And Abruptly' Due To Coronavirus
AMERICA - Published date: .
Economic activity has fallen sharply due to measures taken during the coronavirus scare, with leisure and hospitality as... Read more
New York Manufacturing Hits Record Low Reading Of -78.2 Amid Coronavirus Collapse
AMERICA - Published date: .
The Empire State Manufacturing Index for April plunged to -78.2, more than twice as bad as expected and more than double... Read more
Coronavirus Delivers Record Blow To US Retail Sales In March
AMERICA - Published date: .
U.S. retail sales for the month of March were expected to sink by 8.0%, after slipping 0.5% a month earlier. Read more
US Import Prices Post Largest Drop In Over Five Years
AMERICA - Published date: .
U.S. import prices dropped by the most in more than five years in March amid declines in the costs of petroleum products... Read more
Borrower Requests For Government's Coronavirus Mortgage Bailout Jump 78% In One Week
AMERICA - Published date: .
As unemployment surges and more Americans struggle to make ends meet, more homeowners are applying for the government's ... Read more
Here Is Everything The Fed Has Done To Save The Economy
AMERICA - Published date: .
The Fed has acted while Congress has continued to squabble. Read more
