Economy
The Federal Reserve Is Adding Another Program To Keep Money Flowing For Big Financial Institutions
AMERICA - Published date: .
In the central bank's latest effort to keep credit markets flowing, the Fed announced a Primary Dealer Credit Facility, ... Read more
Fed Will Help Businesses Get Up To $1 Trillion In Funding In The Short-term Borrowing Markets Amid Coronavirus Crisis
AMERICA - Published date: .
In a move much anticipated on Wall Street, the bank announced a special credit facility to purchase corporate paper. Read more
Retail Sales Drop 0.5% In February
AMERICA - Published date: .
Retail sales fell 0.5% in February, indicating the consumer sector was slowing even before the coronavirus struck with f... Read more
Morgan Stanley Says A Global Recession In 2020 Is Now The Firm's 'base Case'
AMERICA - Published date: .
Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy... Read more
'I Don't See How We're Going To Avoid Having A Recession,' Says Former Fed Advisor As Coronavirus Outbreak Persists
AMERICA - Published date: .
Even if every American is given $1,000 to ride out the coronavirus crisis, it's still going to be difficult for the U.S.... Read more
US Productivity Rebounds In Fourth Quarter As Labor Costs Growth Slows
AMERICA - Published date: .
U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. Read more
US Weekly Jobless Claims Drop To A 9-month Low
AMERICA - Published date: .
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, down slightly... Read more
Private Payrolls Soar In January, The Best Monthly Gain In Nearly 5 Years
AMERICA - Published date: .
ADP/Moody's Analytics said private payrolls rose by 291,000 in January, nearly twice the expected gains. Read more
A Fed Rate Cut In 2020 Is Now On The Table As Coronavirus Spreads, Economist Says
AMERICA - Published date: .
The spread of the coronavirus could lead global central banks including the Federal Reserve to leverage their policies t... Read more
US Trade Deficit Shrinks In 2019 For First Time In Six Years
AMERICA - Published date: .
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the... Read more
Fed's Bostic Says New Virus Hasn't Changed His Outlook
AMERICA - Published date: .
China's virus outbreak has prompted traders to begin pricing in a U.S. interest rate cut by June but has not swayed the ... Read more
US Weekly Jobless Claims Fall; Prior Week Revised Sharply Higher
AMERICA - Published date: .
Claims data for the prior week was revised to show 12,000 more applications received than previously reported. Read more
China's Deadly Coronavirus Could Be Good For US Jobs, Manufacturing, Says Trump Commerce Secretary Wilbur Ross
AMERICA - Published date: .
"The fact is, it does give businesses another thing to consider when they go through their review of their supply chain,... Read more
Fourth-quarter GDP Rose Only 2.1% And Full-year 2019 Posts Slowest Growth In Three Years At 2.3%
AMERICA - Published date: .
The 2.3% growth in U.S. gross domestic product for the full year well below the White House's projections following the ... Read more
Fourth Quarter GDP Could Show Economy Entered A Slower Growth Patch At Year-end
AMERICA - Published date: .
Economic growth in the final quarter of the year is expected to be on par with third quarter's 2.1%, but it is also like... Read more
December Pending Home Sales Fall 4.9% As Supply Hits A Record Low
AMERICA - Published date: .
Pending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as th... Read more
Home Price Gains Continued To Heat Up In November, With Phoenix, Charlotte And Tampa Leading The Way, S&P Case-Shiller Index Says
AMERICA - Published date: .
After cooling for much of last year, home price gains are accelerating again. Nationally, prices increased 3.5% annually... Read more
Consumer Confidence Jumps As Job-market Outlook Improves
AMERICA - Published date: .
Consumer confidence grew more than expected in January as the outlook around the labor market improved, data released Tu... Read more
US Core Capital Goods Orders Post Biggest Drop In 8 Months
AMERICA - Published date: .
New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, sugg... Read more
US New Home Sales Drop In December For The Third Straight Month
AMERICA - Published date: .
Sales of new U.S. single-family homes unexpectedly fell in December, likely held down by a shortage of more affordable h... Read more
