Page 28 - Us Economy

Fed's Powell calls for broad national drive to full employment

The United States remains about 9 million jobs short of where it was a year ago

Wall Street eases from record levels at open; stimulus in focus

The Dow Jones Industrial Average fell 25.9 points, or 0.08%, at the open to 31359.88

US: Dems propose $1,400 payments as part of Joe Biden's virus relief

Biden, less than three weeks into his presidency, has declared that defeating the virus and fixing the economy are his top priorities

Wall Street at all-time highs as investors make risky stimulus bets

Wall Street's main indexes hit record highs on Monday, as investors made risky bets on hopes that a fiscal relief package would lead to a speedy economic recovery.

Joe Biden's plan could restore full employment by 2022: Janet Yellen

Janet Yellen has said the country was still in a deep hole with millions of lost jobs but that Joe Biden's $1.9 trn relief plan could generate enough growth to restore full employment by next year

US shouldn't settle for 'long, slow' recovery: Treasury Secretary Yellen

'Workers who earn $60,000 per year should receive cheques as part of the relief package'

Hard labour for cheap stuff

Book review of Made in China: A Prisoner, an SOS Letter, and the Hidden Cost of America's Cheap Goods

US employers add just 49,000 jobs as unemployment falls to 6.3%

The tepid increase followed a decline of 227,000 jobs in December, the first loss since April

US trade deficit jumps to 12-year high in 2020 amid Covid-19 pandemic

The Commerce Department said on Friday that the trade deficit jumped 17.7% to $678.7 billion last year, the highest since 2008

US job growth rebound less than expected; more government aid needed

U.S. job growth rebound less than expected; more government aid needed Zomato inks pact with MoHUA to onboard 300 street vendors No 'chakka jam' in Delhi says farmers' body, asks protestors to be peac

"Dollar smile" meets "dollar short"; greenback bounce threatens bears

According to one fund manager, the dollar could be about to complete a trading pattern known as the "Dollar Smile," which has in previous years preceded major U.S. economic rebounds and currency surge

Wall Street opens higher as focus turns to stimulus, corporate earnings

Wall Street's main indexes opened higher, as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested the labor market was stabilizing.

US productivity drops at 4.8% rate in Dec quarter while labour costs rose

U.S. productivity fell sharply in the October-December quarter while labor costs rose.

US economy to hit pre-pandemic size by the middle of this year, says CBO

The new projections from the office, which is nonpartisan and issues regular budgetary and economic forecasts, are an improvement from the office's forecasts last summer

Markets see worst weekly setback since May, Sensex off 7.8% from peak

FPIs sell Rs 5,931 crore on Friday, most since March

US economy suffers worst contraction in 74 years as Covid-19 surges

The data also showed that the U.S. economy grew at an annual rate of 4 percent in the fourth quarter of 2020 amid a surge in COVID-19 cases, much slower than 33.4 percent in the previous quarter

Best of BS Opinion: Time for statesmanship, Make in America, and more

Here's a selection of Business Standard opinion pieces for the day

Make in America

Joe Biden's executive order raises concerns

US economy contracts in 2020; worst performance since 1946

The Federal Reserve on Wednesday left its benchmark overnight interest rate near zero

Sensex ends 535 points lower, Nifty just above 13,800; Maruti falls 3.5%

A sharp fall in the US markets on Wednesday and weak opening in other Asian markets weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade