Wall Street
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
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
Asia Markets Lifted By Hopes Worst Of Virus Has Passed, Oil Falls
Hedge Fund - Published date: .
New York Governor Andrew Cuomo said that a first stage of a reopening would start on May 15 if hospitalisations decrease... Read more
US Consumer Sentiment Falls For A Third Consecutive Month
AMERICA - Published date: .
U.S. consumer sentiment fell for a third straight month as people weigh the coronavirus pandemic and the possibility of ... 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
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
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
The Economic Data Is Even Worse Than Wall Street Feared: 'The Economy Is Clearly In Ruins Here'
AMERICA - Published date: .
Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the ea... Read more
The Fed Is On 'wartime' Footing And Still May Be Asked To Do More
AMERICA - Published date: .
The moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed. Read more
5 Million More Unemployment Claims Expected, But Layoffs Are Now Broader And Could Be More Permanent
AMERICA - Published date: .
The new claims for weekly unemployment benefits could bring the number of Americans filing to more than 15 million in th... Read more
Jobs May Not Come Totally Back For Years, All Depending On How Small Businesses Weather This Storm
AMERICA - Published date: .
By some estimates, it will take until 2023 or even longer to bring the labor market back to where it was just week ago i... Read more
US Services Sector Growth Slows Down In March, ISM Says
AMERICA - Published date: .
Activity in the U.S. services sector slowed down in March as business grapple with the coronavirus outbreak, data releas... Read more
Treasury Secretary Mnuchin Says He's Having Ongoing Discussions About Infrastructure
AMERICA - Published date: .
The Treasury secretary told CNBC he is holding discussions with Congress about a potential infrastructure bill. Read more
March's ISM Manufacturing Index Is 49.1, Signaling Contraction As Coronavirus Hits Economy
AMERICA - Published date: .
U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data rele... Read more
US Consumer Sentiment Falls To Lowest Level In More Than 3 Years
AMERICA - Published date: .
U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll on the economy, according to d... Read more
Jerome Powell's Message To Americans: 'The Federal Reserve Is Working Hard To Support You'
AMERICA - Published date: .
Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited... 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
Unprecedented Spike In Weekly Jobless Claims Is Just The Start, As Unemployment Is Set To Double
AMERICA - Published date: .
Thursday's spike in weekly jobless claims, considered the canary in the coal mine for labor, signals the start of a crus... Read more
Investor Ray Dalio Estimates The Corporate Losses In The US From Coronavirus Will Top $4 Trillion
AMERICA - Published date: .
The Bridgewater Associates founder also estimated the global corporate losses will hit $12 trillion due to the pandemic. Read more
Interest Rates Are Rising, A Bad Sign As The Economy Slides Toward Recession
AMERICA - Published date: .
The Fed is throwing all its fire power at markets, but interest rates continue to rise, a troubling sign when the econom... Read more