Wednesday, September 30, 2020
Tags Breaking news: economy

Tag: breaking news: economy

Trump signs measure to provide extra $400 in weekly unemployment benefits

Workers displaced by the coronavirus pandemic will be eligible for an additional $400 per week of unemployment benefits under one provision of a series...

May unemployment rate comes in at 13.3%, better than the 19.5%...

Employment unexpectedly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data Friday from the Labor Department.Economists surveyed...

Consumer debt hits new record of $14.3 trillion

Consumer debt hit a fresh record high to start 2020, even as credit card balances declined while Americans adjusted to the coronavirus pandemic.Household debt...

Small business rescue loan program hits $349 billion limit and is...

The Small Business Administration's rescue loan program hit its $349 billion limit on Thursday and is now out of money as the nation's top...

UK Prime Minister Boris Johnson in intensive care after coronavirus symptoms...

U.K. Prime Minister Boris Johnson was moved to intensive care as his coronavirus symptoms worsened over the course of several hours Monday, according to...

US weekly jobless claims double to 6.6 million

The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported...

Jobless claims soar past 3 million to record high

Americans displaced by the coronavirus crisis filed unemployment claims in record numbers last week, with the Labor Department reporting Thursday a surge to 3.28...

Fed’s James Bullard says after a short-term ‘unparalleled’ shock, economy will...

The U.S. economy is facing a huge shock to the system over the near term, then will bounce back strongly, St. Louis Federal Reserve...

Powell says the Fed doesn’t see negative rates as ‘appropriate’ policy...

Federal Reserve Chairman Jerome Powell said Sunday that it's unlikely that central bank will entertain negative interest rates as the next step to help...

Federal Reserve cuts rates to zero and launches massive $700 billion...

The Federal Reserve, saying "the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States," cut interest rates...