Consumer Sentiment Unexpectedly Rises After Massive U.S. Fiscal Stimulus
U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the gov... Read more
This Is The Critical Link To Successfully Reopening The US Economy
The successful relaunch of the U.S. economy after the coronavirus shutdown will depend on how effectively companies trea... Read more
Industrial Production Plunges Unprecedented 11.2% In April
American industry suffered the most severe plunge on record last month with factories, mines and utilities battered by t... Read more
Retail Sales Plunge A Record 16.4% In April, Far Worse Than Predicted
The biggest factor in the downturn was a collapse in clothing and accessories that amounted to an 89.3% fall from a year... Read more
Want A Fast Economic Recovery? Invest In Tests, Fed's Kaplan Says
Even with tens of millions of jobs lost and a historic decline in output projected this quarter, the U.S. economy could ... Read more
Weekly Jobless Claims Total 2.981 Million, Bringing Coronavirus Tally To 36.5 Million
The total 2.981 million new claims for unemployment insurance brought the coronavirus crisis count to nearly 36.5 millio... Read more
US Import Prices Post Largest Drop In Over Five Years
U.S. import prices fell by the most in more than five years in April as the coronavirus crisis depressed demand for petr... Read more
The Jobs Recovery Could Be Choppy, With Some Coming Back Quickly And Others Lost Forever
Construction and manufacturing may be some of the quickest sectors to regain jobs, experts say, but the hospitality indu... Read more
Goldman Sachs Says A Second Wave Of Coronavirus Could Make The Fed Rethink Negative Interest Rates
But negative interest rates wouldn't be "very helpful" to the economy, said Zach Pandl, co-head of global foreign exchan... Read more
Mortgage Applications From Buyers Jump 11%, Signaling The Spring Housing Market May Not Be A Total Loss
As open houses reemerge from the coronavirus shutdown, buyers are coming back to the housing market much faster than exp... Read more
Georgia Tries To Balance Pressure To Reopen Economy With Threat Of Coronavirus Resurgence
Georgia's new coronavirus cases have plateaued, but it could take until the end of the month to know the effects of reop... Read more
Powell's Gloomy Outlook Has Investors Predicting The Fed May Make Another Big Move Soon
Some strategists say the Fed could announce a new quantitative easing program before or at its June 9-10 meeting. Read more
10% Of Retail Demand Might Be Lost Forever
Five percent to 10% of pre-Covid-19 demand could be decimated permanently, as "lost store volume can't entirely be made ... Read more
Fed's Mester Sees A Recovery Or A 'much More Dire' Scenario As Equally Possible
Mester echoed Chairman Jerome Powell's mostly pessimistic view on the economy, telling CNBC on Wednesday that while grow... Read more
Watch Live: House Coronavirus Subcommittee To Hold A Briefing On Reopening US Economy
The House subcommittee tasked with overseeing the country's coronavirus response is scheduled to hold its first briefing... Read more