Thursday, August 6, 2020
Tags Economy

Tag: economy

Economy suffers titanic 32.9% plunge in 2nd quarter, GDP shows, and...

The numbers: An economy badly battered by the coronavirus shrank at a record 32.9% annual pace in the second quarter, underscoring just how big...

Trump suggests delaying election amid ‘fraud’ claims, but has no power...

WASHINGTON -- President Donald Trump on Thursday suggested that perhaps the United States would need to "delay the election" on November 3, claiming that...

UK may need bigger safety net for jobless after lockdown: IMF’s...

Gita Gopinath told lawmakers in Britain's Parliament on July 1 that the first priority for governments was to scale back gradually their support programmes...

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...

BET founder Robert Johnson calls for $14 trillion of reparations for...

Robert Johnson, founder of Black Entertainment Television, told CNBC on Monday the U.S. government should provide $14 trillion of reparations for slavery to help...

Trump threatens to deploy military as George Floyd protests continue to...

WASHINGTON -- As the nation prepared for another night of violent protests sparked by the police killing of George Floyd, President Donald Trump threatened...

Finance Minister Nirmala Sitharaman to address press conference at 4 pm...

Expected to outline measures as per the fourth tranche of the Rs 20 lakh crore financial stimulus package Finance Minister Nirmala Sitharaman will...

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...

US Treasury seeks to borrow a record $3 trillion this quarter

Massive stimulus to support the U.S. economy through the coronavirus crisis will cause the Treasury to borrow a record $3 trillion this quarter.The department...

Leaked White House emails reveal behind-the-scenes battle over chloroquine in coronavirus...

WASHINGTON - Trump White House appointees pressured government health officials to make an unproven malaria drug available to the public to treat the disease...