US economy

World in worst recession since great depression, IMF says

Apr 10, 2020 05:05

The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries suffering the most, the head of the International Monetary Fund said Thursday.
US unemployment skyrockets as coronavirus crashes economy

Mar 26, 2020 23:48

More than three million Americans lost their jobs last week, the worst ever recorded, as the coronavirus shutdown hits the US economy
GDP could shrink 24 percent in second quarter

Mar 21, 2020 07:39

The US economy may have entered a recession and Americans could see the economy shrink by an annualized 6 percent in the first quarter and an astonishing 24 percent in the second quarter.
Fed slashes rate to near zero, eases lending rules

Mar 15, 2020 23:49

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.
Global stock is hit by Covid-19, entering a bear market

Mar 12, 2020 04:31

Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic.
Coronavirus: US death toll rise to 26, fear batters economy

Mar 10, 2020 04:51

The U.S. death toll rose to 26 and several members of Congress and officials are in self-quarantine after possible exposure while Trump dodges responsibility and accusing Democrats on inflaming the issue.
Covid-19 hits markets, creating Black Monday

Mar 09, 2020 23:12

Shares around the world are facing their worst day since the 2008 financial crisis with the dramatic falls leading to the day being dubbed 'Black Monday' due to the impact of coronavirus on the global economy.
world Newspapers: Shadow falls over Trump’s economy; chaos rattle markets

Aug 23, 2019 20:38

Washington Post: Shadow falls over Trump's economy; Top White House advisers notified President Trump earlier this month that some internal forecasts showed that the economy could slow markedly over the next year, stopping short of a recession but complicating his path to reelection in 2020./212
NY Times: Chinese investment in US declines

Jul 21, 2019 20:06

Chines investment in the US economy has sharply plunged since Trump took office and trade war caused growing distrust between the two countries.
U.S. closes fiscal year with highest deficit since 2012

Oct 16, 2018 10:16

The U.S. government closed the 2018 fiscal year $779 billion in the red, its' highest deficit in six years.