Page 29 - Us Economy

Wall Street opens higher shrugging off bleak GDP, jobless claims data

The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19

US Fed keeps interest rates near zero amid slow economic recovery

The path of the economy continues to depend significantly on the course of the virus

Fed remains in crisis-fighting mode as recovery appears to moderate

Monetary policy likely on hold for foreseeable future; Fed chief Powell says vaccination program key to economy

Wall Street opens lower with earnings underway, eyes on Federal Reserve

The Dow Jones Industrial Average fell 43.3 points, or 0.14%, at the open to 30893.78

Biden signs 'Buy American' order, vows to strengthen manufacturing sector

Biden reiterated plans announced on the campaign trail to replace the fleet of federal cars with U.S.-made electric vehicles

Wall Street edges up as earnings season gains speed; General Electric up 4%

Of the 84 companies that have posted earnings through Tuesday morning, 86.9% have topped analyst expectations, according to Refinitiv data

Biden to reopen online health insurance marketplace, ease Medicaid rules

Biden has vowed to restore full access to the healthcare.gov site, which provides a way to get to a federal exchange offering healthcare insurance

Biden stimulus plan could boost US output by 5% over three years: IMF

Gita Gopinath told a news conference the measures in the proposed package could add as much as 1.5% to US growth in 2021

After the high, a big fall: Sensex's 11-week winning streak ends

Most global stocks dropped, with investors pruning their bullish bets as rising Covid-19 cases sparked concerns about corporate earnings and economic revival

US factory activity near 14-year high; home sales rise in December

By Lucia Mutikani

US labor market recovery fading; housing, factories underpin economy

The services sector has borne the brunt of the coronavirus crisis, disproportionately impacting lower-wage earners, who tend to be women and minorities

Biden launches sweeping Covid-19 changes on first full day in White House

The Biden administration is aiming at a coordinated federal coronavirus response to the 10-month pandemic, focused on boosting vaccines, increasing testing, reopening schools

Wall Street closes at record highs as Netflix jumps, Biden inaugurated

Dow up 0.83%, S&P 500 up 1.39%, Nasdaq up 1.97%; FAANGs jump after Netflix results beat estimates

Gold and Brent crude rise over 1% after Janet Yellen's 'act big' call

Spot gold gained 1.18 per cent to $1,862.10 per ounce by 8.20 pm IST, having risen 1 per cent to a near one-week high earlier

Sensex rises 394 points to 49,792, Nifty at 14,645; RIL jumps 1.9%

"Janet Yellen's statement that the United States needs a big stimulus push has pumped markets across the globe, including India," said Ajit Mishra, vice president, research at Religare Broking

Oil above $56 on US stimulus hopes ahead of Joe Biden inauguration

US Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act big" on pandemic relief spending

Sensex, Nifty soar 1.7% on US stimulus hope; HDFC, RIL and ICICI Bank gain

Indices recoup most of the losses of last 2 sessions

Janet Yellen says Biden's focus now is providing relief, not raising taxes

Yellen said she agreed that the 2017 corporate tax cut had improved the competitiveness of American businesses, and Biden was not proposing to raising corporate taxes to the pre-2017 level

Donald Trump's legacy: A more divided America, a more unsettled world

Trump leaves behind an even more polarized America, where thousands are dying daily from the Covid-19 pandemic, the economy is badly damaged and political violence has surged

Janet Yellen faces Senate to sell $1.9 trillion stimulus package

The Senate Finance Committee's 10 am hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes