Economy
Coronavirus Effect Could Be 'far Deeper Than The Subprime Crisis,' Says Mortgage Company CEO
AMERICA - Published date: .
For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Mill... Read more
Mnuchin Says He Will Ask Congress For More Small Business Loan Funding If $350 Billion Pool Runs Out
AMERICA - Published date: .
The $350 billion loan program aims to help small businesses cover payroll and benefits during the coronavirus pandemic. Read more
US Companies Cut 27,000 Jobs Before The Worst Of The Coronavirus Shutdown, Millions More Coming, Moody's Says
AMERICA - Published date: .
The March ADP count covers the period before the social distancing measures that have shut down large parts of the econo... Read more
China Slashes Rate, Pumps $7 Bn Into Market To Counter Virus
Funds - Published date: .
The deadly pathogen has claimed almost 40,000 lives worldwide. Read more
IMF Chief: 'Clear We Have Entered Recession'
Funds - Published date: .
The IMF chief said in her press conference on Friday that this recession would be even worse than in 2009. Read more
Trump Signs $2 Trillion Recovery Plan As US Virus Cases Skyrocket
Funds - Published date: .
It triggers the distribution of millions of relief checks of up to $3,400 for an average American family of four. Read more
Coronavirus Stimulus Just Pushed Fed's Balance Sheet Past $5 Trillion For The First Time Ever
AMERICA - Published date: .
Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset... Read more
IMF Chief Georgieva Says The World Is In A Recession, Containment Will Dictate Strength Of Recovery
AMERICA - Published date: .
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks ... Read more
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
Massive Risks To World Economy As Virus Battle Rages
Funds - Published date: .
The crash will almost certainly be accompanied by a surge in unemployment, especially in countries with weaker worker ri... 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
