Fed Pledges To Keep Rates Near Zero Until Full Employment, Inflation Come Back
The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggr... Read more
Trump To Meet With Executives From Waffle House, Wynn, Toyota, Others To Discuss Reopening Economy
Trump has been soliciting feedback from a wide range of executives on when and how to reopen businesses that have shutte... Read more
Over 50% Of Department Stores In Malls Predicted To Close By 2021, Real Estate Services Firm Says
Department stores still represent about 60% of the anchor space within malls across the U.S. today, according to Green S... Read more
Powell Says The Economy Will Likely Need More Support From The Fed For The Recovery To Be 'robust'
Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the corona... Read more
The Economic Decline In The First Quarter Reveals Even Weaker Consumers And More Unknowns Ahead
Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home ... Read more
Pending Home Sales Tank Nearly 21% In March, But Realtors Claim Prices Will Hold Up
Home sales took a deep dive in March as the coronavirus pandemic shut down much of the economy, and homebuyers and selle... Read more
8-month 'structured Lockdowns' Could Halve Economic Damage From The Coronavirus, Research Claims
Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the f... Read more
US GDP Shrank 4.8% In The First Quarter Amid Biggest Contraction Since The Financial Crisis
This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since... Read more
The Fed May Provide More Details On The Policy 'bazooka' It Fired To Help Markets
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
Federal Reserve Seeks Banks' Advice As It Gets Into Direct Lending With Coronavirus Relief
The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead... Read more
Millions Can't Access Unemployment Benefits So Actual Job Losses Are Likely Greater Than Data Shows
The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official gov... Read more
Top Ad Firm Outlines Business Sectors Hit The Most By The Pandemic, And The Ones That Are Faring Better... For Now
Sectors like health care or financial services have been less impacted by the pandemic so far, but Omnicom foresees dema... Read more
The US Will Need To Spend Trillions More As Economy Takes Until 2022 To Fully Recover: CNBC Survey
A third of respondents in the CNBC Fed survey believe the economy won't be fully restored until the second quarter of 20... Read more
Consumer Confidence Plunges In April As Millions Lose Jobs
The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six... Read more
Home Prices Were Gaining Serious Strength Just Before Coronavirus, Up 4.2% Annually, Case-Shiller Says
Home prices were not only gaining in February, the gains were increasing steadily. The expectation, however, is that pri... Read more