u.s. economy
Fear And Desperation On Main Street As Small Businesses Struggle To Survive Despite PPP And Other Federal Loan Programs
AMERICA - Published date: .
Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdf... Read more
Small Business Loans Are Not Going Proportionately To The Hardest-hit Areas, Fed Study Shows
AMERICA - Published date: .
States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a... Read more
Fed's James Bullard Says The Jobs Report On Friday Will Be One Of The Worst Ever
AMERICA - Published date: .
Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid c... Read more
One Of Main Street's Biggest Fears In Economic Reopening — New Regulations
AMERICA - Published date: .
As small businesses across the country grapple with economic reopening, one of their biggest fears is that new regulatio... Read more
US Consumer Spending Plunges 7.5% In March, Reflecting Virus
AMERICA - Published date: .
U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans com... Read more
The Economic Decline In The First Quarter Reveals Even Weaker Consumers And More Unknowns Ahead
AMERICA - Published date: .
Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home ... Read more
8-month 'structured Lockdowns' Could Halve Economic Damage From The Coronavirus, Research Claims
AMERICA - Published date: .
Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the f... Read more
US GDP Shrank 4.8% In The First Quarter Amid Biggest Contraction Since The Financial Crisis
AMERICA - Published date: .
This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since... Read more
The Fed May Provide More Details On The Policy 'bazooka' It Fired To Help Markets
AMERICA - Published date: .
The Fed is not expected to adjust rates but it could provide details on the unprecedented moves it has made to fight the... Read more
Federal Reserve Seeks Banks' Advice As It Gets Into Direct Lending With Coronavirus Relief
AMERICA - Published date: .
The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead... Read more
US Core Capital Goods Orders Unexpectedly Rise In March, While Durable Goods Orders Plunge 14.4%
AMERICA - Published date: .
U.S. orders for long-lasting factory goods were expected to drop 11.9% in March as the Covid-19 outbreak took hold. Dura... Read more
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
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
Weekly Mortgage Demand Stalls, Even With Interest Rates At A Record Low
AMERICA - Published date: .
Mortgage volume appears to be settling into a new normal, as refinance demand stays high and purchase demand sits at a f... Read more
New York Taps McKinsey To Develop A 'Trump-proof' Economic Reopening Plan
AMERICA - Published date: .
New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic ... 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
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
Weekly Mortgage Applications Rise As Rates Drop To 30-year Low, But It's All Refinances
AMERICA - Published date: .
Mortgage rates dropped to the lowest level in the Mortgage Bankers Association's survey, causing yet another rush to ref... Read more
World Bank President Warns The Global Coronavirus Recession Will Hurt Poorer Countries The Most
AMERICA - Published date: .
"Many of the very populous countries need extra support right now," World Bank President David Malpass told CNBC on Wedn... Read more