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US-economy

US pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited
Business 6 days ago

US pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

The colossal data set released by the United States Treasury Department and Small Business Administr...
Pandemic can't stop Wall Street rally, Nasdaq breaks fresh record
Business 6 days ago

Pandemic can't stop Wall Street rally, Nasdaq breaks fresh record

The tech-rich Nasdaq gained 2.2 percent to end at 10,433.65 – its third straight record close....
Amid strong June job growth, signs US recovery may be stumbling
Business 1 week ago

Amid strong June job growth, signs US recovery may be stumbling

Some of those reopening plans have now been put on hold and new restrictions placed on the bars, res...
Goldman Sachs: Mask mandate could save US economic recovery
Business 1 week ago

Goldman Sachs: Mask mandate could save US economic recovery

Based on COVID-19 trends in 125 countries, the report estimated that coronavirus cases grew by 17.3 ...
It's official: US economy entered recession in February
Business 1 month ago

It's official: US economy entered recession in February

US gross domestic product fell at a 4.8 percent annualized rate in the first three months of the yea...
US facing severe crisis, but not a depression: Fed's Powell
Business 1 month ago

US facing severe crisis, but not a depression: Fed's Powell

Data show more than 30 million jobs were destroyed in the US, as businesses were shuttered nationwid...
In nod to grim US outlook, Fed's Powell calls for more fiscal support
Business 1 month ago

In nod to grim US outlook, Fed's Powell calls for more fiscal support

“There is a sense, growing sense I think, that the recovery may come more slowly than we would...
Much of US economy still plugging along despite coronavirus pain
Business 2 months ago

Much of US economy still plugging along despite coronavirus pain

The US job count stood at more than 152 million as of February.
Indonesian stocks soar 10% but COVID-19 risks loom
Business 3 months ago

Indonesian stocks soar 10% but COVID-19 risks loom

Foreign investors recorded a Rp 662.26 billion net buy during the day, most of which was spent on pr...
Fed aims 'bazooka' at coronavirus to backstop economy
Business 3 months ago

Fed aims 'bazooka' at coronavirus to backstop economy

It marks both a massive intervention into the US economy by the central bank, and an quickly co...
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