Page 30 - Us Economy

Covid-19: Optimism rises for deal on nearly $1 trn relief package in US

House Speaker Nancy Pelosi, D-Calif., said a provision by Sen. Pat Toomey, R-Pa., that would curb emergency Federal Reserve powers was the biggest hurdle to a sealing a deal

Treasury nominee Janet Yellen to say US does not seek weaker dollar: Report

The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United States does not seek a weaker dollar

No high inflation or fiscal crisis in the US but …

Monetary base issued by the Fed had jumped from less than $1 trn before the GFC to more than $3 trn by early 2020 and then to about $5 trn by end of the year. But inflation has hardly gone up. Why?

President-elect Biden planning decree blitz to tear up Trump work on Day 1

Rejoining Paris climate change accord on top of a big stimulus plan on cards

Federal Reserve to stick to super-easy policy amid economic 'lull'

Analysts are penciling in faster economic growth now that vaccines are rolling out and with a Congress now controlled by Democrats more open to big government spending than Republicans typically are

Joe Biden's $1.9-trillion plan offers bridge for hard-hit economy

The incoming Democratic administration's proposed package provides targeted aid that economists say delivers the most effective economic boost

Biden promises aid to small business in Covid-19 'American rescue plan'

Aid to small businesses, extended unemployment support and food assistance are some of the key elements of the American rescue plan

'Not the time' to discuss any change to bond purchases: Fed's Powell

Powell promised that would be the case with the current purchases as well.

Wall Street brushes off political turmoil, looks to economic rebound

NEW YORK (Reuters) - The U.S. stock market is mostly unfazed by the political turmoil in Washington and fears of violence ahead of President-elect Joe Biden's inauguration, with investors squarely focused on the probability of another sizeable stimulus package to boost economic growth and the rollout of coronavirus vaccines.

US Federal Reserve sees possible economic boom if vaccine gets on track

One US Federal official says there is now a "clearer focus" about the economy's path forward and a horizon for a fuller recovery. Another says the pandemic's "endgame" is here

US job openings fall in November; layoffs rise amid Covid-19 pandemic

U.S. job openings fell in November, while layoffs mounted at restaurants and hotels amid rampant COVID-19 infections, supporting views that the labor market recovery from the pandemic was stalling.

Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track

After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see

President-elect Biden pushes for $2,000 'stimulus check' for Americans

US President-elect Joe Biden has called for a $2,000 "stimulus checks" to his fellow Americans, arguing that the current $600 coronavirus relief payment is not enough

Joe Biden says Donald Trump's impeachment is for Congress to decide

Biden told reporters that he was focused on containing the Covid-19 pandemic, ensuring rapid vaccination and bolstering the economy

Bull run continues: Indices on longest weekly winning streak since 2009

Sensex, Nifty hit fresh all-time highs on Friday

US economy sheds jobs in December; unemployment rate at 6.7%

Despite the labor market weakness, the economy is unlikely to fall back into recession, with a backstop of nearly $900 billion in additional pandemic relief approved by the government last week

Explained: All you should know about America's new H-1B selection process

Here's how US plans to modify H-1B visa selection process, priorities skill and wage levels

Raging Covid cases expected to have restrained US labour market in December

The US economy likely created fewest jobs in seven months in December or even shed workers as the country buckled under onslaught of Covid, marking the start of what is expected to be a bleak winter

US to modify H-1B visa selection process, prioritise skill, wage levels

US Immigration will modify the H-1B selection process, prioritising wages to protect the economic interests of US workers and better ensure the most highly skilled foreign workers benefit from

US stimulus fix propels Asian shares, Nikkei zooms to 30-year high

Japan's Nikkei leapt 1.63% to its highest since August 1990, while shares in China rose 0.1%