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Category: News


News

Economy’s second-half comeback is now threatened by coronavirus resurgence

July 1, 2020

Via: CNBC

As the economy moves into the second half of the year, economists expect to see a bounceback, but the resurgence in Covid-19 threatens to make that rebound less potent than expected. More than a dozen states have now paused or […]


News

Consumer sentiment slips in late June as confidence in U.S. economic policies slumps to Trump-era low

June 26, 2020

Via: Market Watch

Americans turned slightly more cautious about how quickly the economy will recover from the coronavirus in late June as confidence in Washington’s policies fell to the lowest level during the Trump presidency, according to a closely followed survey of consumer […]


News

US new home sales rise surprisingly strong 16.6% in May

June 23, 2020

Via: ABC News

WASHINGTON — Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity in the housing market. The Commerce Department reported Tuesday that sales of new single-family homes […]


News

Unemployment rate falls in 43 states in May, but still tops 20% in Nevada, Michigan and Hawaii

June 19, 2020

Via: Market Watch

The unemployment rate fell in 43 states and Washington, D.C. in May as the economy began to reopen and more employees returned to their jobs, but the number of people not working still stood near record highs and was particularly […]


News

Trump mulls $1 trillion infrastructure investment spree to upgrade roads, develop 5G networks

June 16, 2020

Via: Fortune

The Trump administration is preparing a nearly $1 trillion infrastructure proposal as part of its push to spur the world’s largest economy back to life, according to people familiar with the plan. A preliminary version being prepared by the Department […]


News

U.S. import prices post largest gain in more than a year

June 12, 2020

Via: CNBC

U.S. import prices increased by the most in more than a year in May, driven by higher costs for petroleum products and food, which could further diminish fears of deflation as the economy battles a recession. The Labor Department said […]


News

May consumer prices fall 0.1%, the third consecutive month

June 10, 2020

Via: ABC News

WASHINGTON — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.1% last month after tumbling […]


News

Recession hit US in February, ending record-long expansion

June 8, 2020

Via: ABC News

WASHINGTON — The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record. The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn. The […]


Finance Tech, News, Trading

Trump seeks new ways to crack down on Chinese stock listings in the U.S.

June 5, 2020

Via: Fortune

The CEO of Hong Kong Exchanges and Clearing, which owns the Hong Kong stock exchange, believes more U.S.-listed Chinese companies will seek to re-list in China this year as tension between the two super-powers seeps into the stock markets. “This […]


News

Nearly 25% of Americans have no emergency savings

June 4, 2020

Via: Market Watch

The coronavirus pandemic compounds an already dire financial situation for millions of Americans. One-third of homeowners have less than $500 or, worse, nothing set aside for an emergency home repair, according to a report released Wednesday, and that includes 50% […]