markets
May Unemployment Looks Worse Than Expected, Signaling Another Bad Jobs Report Could Be Coming
AMERICA - Published date: .
So far, state reopenings have not helped stem the rise in unemployment, which is expected to show another big jump in th... Read more
Second Wave Of Coronavirus Infections Could Cause A Worse Economic Disaster, Experts Warn
AMERICA - Published date: .
States across the country began reopening parts of their economies as early as April 24. Guidelines for reopening differ... Read more
Fed Minutes Show Fears Of 'extraordinary Amount Of Uncertainty And Considerable Risks' Because Of Coronavirus
AMERICA - Published date: .
The meeting, which ended April 29, concluded with the central bank's policymaking arm holding steady on interest rates a... Read more
As States Reopen, It's A Race Against The Clock For Small Businesses To Pay Bills And Stay Solvent
AMERICA - Published date: .
As states reopen, the focus has turned to whether smaller companies can find enough business to survive, preventing a wa... Read more
Unemployment Is Nearing Great Depression Levels. Here's How The Eras Are Similar — And Different
AMERICA - Published date: .
The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early... Read more
Powell To Tell Congress The Fed Is Committed To Using All Tools To Fight The Unprecedented Downturn
AMERICA - Published date: .
"We are committed to using our full range of tools to support the economy in this challenging time," Powell said in rema... Read more
Powell Says GDP Could Shrink More Than 30%, But He Doesn't See Another Depression
AMERICA - Published date: .
The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s. Read more
GDP Could Decline By 42% In The Second Quarter, According To The Atlanta Fed
AMERICA - Published date: .
The already dismal outlook for economic growth during the current period just got considerably worse. Read more
Consumer Sentiment Unexpectedly Rises After Massive U.S. Fiscal Stimulus
AMERICA - Published date: .
U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the gov... Read more
Retail Sales Plunge A Record 16.4% In April, Far Worse Than Predicted
AMERICA - Published date: .
The biggest factor in the downturn was a collapse in clothing and accessories that amounted to an 89.3% fall from a year... Read more
The Jobs Recovery Could Be Choppy, With Some Coming Back Quickly And Others Lost Forever
AMERICA - Published date: .
Construction and manufacturing may be some of the quickest sectors to regain jobs, experts say, but the hospitality indu... Read more
Goldman Sachs Says A Second Wave Of Coronavirus Could Make The Fed Rethink Negative Interest Rates
AMERICA - Published date: .
But negative interest rates wouldn't be "very helpful" to the economy, said Zach Pandl, co-head of global foreign exchan... Read more
Powell's Gloomy Outlook Has Investors Predicting The Fed May Make Another Big Move Soon
AMERICA - Published date: .
Some strategists say the Fed could announce a new quantitative easing program before or at its June 9-10 meeting. Read more
Watch Live: House Coronavirus Subcommittee To Hold A Briefing On Reopening US Economy
AMERICA - Published date: .
The House subcommittee tasked with overseeing the country's coronavirus response is scheduled to hold its first briefing... Read more
Powell Says More Policy Help May Be Needed To Pull The US Out Of Economic Downturn
AMERICA - Published date: .
Powell noted the unprecedented strength of fiscal and monetary measures already taken but stressed the need to make sure... Read more
Watch Fed Chairman Jerome Powell Speak Live On The Economy
AMERICA - Published date: .
The focus of the speech is on the economy and the damage done during the coronavirus crisis. Read more
After Trying For A Decade, Central Banks Might Succeed At Generating Inflation
AMERICA - Published date: .
"The forces that will bring about inflation are aligning," Chetan Ahya, chief Asia economist at Morgan Stanley, said in ... Read more
Tudor Jones Says This Will Be The 'Second Depression' If We Remain In Lockdown In A Year
AMERICA - Published date: .
Hedge fund investor Paul Tudor Jones said the country may have trouble following contact tracing and other methods used ... Read more
US Risking A Second Wave And A Depression, Mark Zandi Warns
AMERICA - Published date: .
Mark Zandi of Moody's Analytics' worries businesses may reopen too soon and create another spike in coronavirus cases. Read more
Mnuchin Says Jobless Numbers Will 'get Worse Before They Get Better' — Unemployment May Have Hit 25%
AMERICA - Published date: .
"The reported numbers are probably going to get worse before they get better," Mnuchin said. Read more