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Science & Technology
July 29, 2020
Fed sees dim economic outlook as virus squeezes economy
Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that ...
June 26, 2020
US consumer spending up 8.2%, partly erasing record plunge
American consumers increased their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, ...
June 17, 2020
Powell warns that long downturn would mean severe damage
Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with “significant ...
June 16, 2020
Asian stocks follow Wall St higher after Fed ups bond buys
Asian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus ...
June 15, 2020
Can job market sustain its gains? Uncertainties cloud future
Layoffs are slowing, unemployment is declining and hiring is gradually rising, suggesting that a steady rebound may be afoot ...
June 12, 2020
US stocks bounce higher, but still end the week with a loss
Wall Street managed to end a bumpy day broadly higher Friday but still finished with its worst week in nearly three months.
June 11, 2020
Fed to keep providing aid and sees no rate hike through 2022
Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects ...
May 23, 2020
Global tourism upended; worst-case earnings scenario dodged
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments ...
May 22, 2020
Nearly 39 million have lost jobs in US since virus took hold
The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S.
May 19, 2020
Mnuchin and Powell push differing priorities to aid economy
Facing the gravest U.S. economic crisis in decades, Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell ...
May 19, 2020
Mnuchin to face grilling about small-business lending effort
Treasury Secretary Steven Mnuchin will likely come under tough questioning from senators Tuesday about a small business ...
May 18, 2020
Powell: Recovery may begin by summer, will likely be slow
Federal Reserve Chair Jerome Powell expressed optimism Sunday that the U.S. economy can begin to recover from a devastating ...
May 15, 2020
Stocks manage modest gains but still end lower for the week
Stocks capped another wobbly day of trading on Wall Street with modest gains Friday, though the S&P 500 still ended with its ...
May 14, 2020
Asian shares fall as hopes fade for quick economic rebound
Asian shares declined Thursday on pessimism about life getting back to normal soon amid the coronavirus pandemic, even as ...
May 14, 2020
Virus spikes could emerge weeks after US economic reopenings
U.S. states are beginning to restart their economies after months of paralyzing coronavirus lockdowns, but it could take ...
May 13, 2020
Powell warns of a possible sustained recession from pandemic
Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak ...
May 11, 2020
Asian stocks follow Wall Street higher on recovery hopes
Asian stock markets and U.S. futures rose Monday as investors looked past dismal American jobs and other data toward hopes ...
May 05, 2020
As US piles up debt to aid economy, even usual critics cheer
The U.S. government has opened the spigots and let loose nearly $3 trillion to try to rescue the economy from the coronavirus ...
April 29, 2020
Economists agree: No quick rebound from recession is likely
Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few ...
April 14, 2020
IMF: Global economy will suffer worst year since Depression
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of ...
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