Economy
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
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
