There has been considerable drama over the fate of another stimulus package, including pleas from Federal Reserve officials that the recovery is at risk of reverting to recession absent another boost.
Federal Reserve Board Vice Chairman Richard Clarida said Wednesday that it could take the U.S. economy years to fully recover from the coronavirus pandemic and would likely require further fiscal support from President Trump and Congress to make it out of the woods.
Federal Reserve Bank of Richmond President Thomas Barkin said a rebound in U.S. coronavirus cases to about 50,000 a day has added uncertainty to the outlook and may discourage businesses from hiring or investing.
More than 34,000 medical doctors and health scientists from around the world have signed a declaration against lockdowns ...
Pelosi and Mnuchin plan to speak again Thursday as they try to strike a last-ditch coronavirus stimulus agreement.
Harvard economist David M. Cutler and former World Bank chief economist Lawrence H. Summers: “The economic loss is more than twice the total monetary outlay for all the wars the US has fought since September 11, 2001, including those in Afghanistan, Iraq, and Syria."
"I am not willing to trade millions of jobs for people who need a ladder rung up in order to keep the stock market from going up for a few who have those holdings."
All in all, as many as 25,000 stores could close in the U.S. this year, mostly in malls, according to Coresight. That would demolish the previous record of about 9,800 closures, set in 2019.
The pandemic has made it harder for younger families to purchase homes in a few ways. Inventory has been severely depressed for a few years and that continues to be the case today.
We have not seen queue jumping start so early in the month. Thus, you can bet the farm that throughout October, the total amount of gold standing will...
Even a once-in-a-century pandemic isn’t enough to cool the Canadian housing market, with prices nationwide now forecast to end the year higher than where they started.
The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries.
JPMorgan Chase and other big banks should use their lending power to force cuts in greenhouse gas emissions.
You'd expect the biggest US banks to be having a tough time right now.
Massive government spending to battle the coronavirus pandemic will push public debt to a record of nearly 100% of global economic output this year...
Unprecedented stimulus to cushion the global economy from the pandemic and signs that central bank independence is eroding worldwide...
Agricultural commodity buyers from Cairo to Islamabad have been on a shopping spree since the Covid-19 pandemic upended supply chains.Jordan has built up record wheat reserves while Egypt, the world’s top buyer of the grain...5
The Covid-19 pandemic has disproportionately affected low- and middle-income Americans as well as communities of color, exacerbating inequality and leading to increased financial stress.
Without more stimulus money, one person said, ‘things are going to get a lot harder for a lot longer.’