Page 32 - Us Economy
Will be ready to hit ground running on day 1 with new economic team: Harris
US Vice President-elect Kamala Harris said that the next administration will be ready to hit the ground running on day one with the experienced economic team announced by President-elect Joe Biden
 "Will be ready to hit ground running on day 1 with new economic team: Harris")
US facing historic crises again, says Treasury secy-nominee Janet Yellen
The United States is facing economic crises again and it is essential to move with urgency, Treasury Secretary-nominee Janet Yellen said
 "US facing historic crises again, says Treasury secy-nominee Janet Yellen")
Will create recovery for all and get US economy moving again: Biden
Introducing his high-profile and experienced team to the nation, US President-elect Joe Biden exuded confidence that it will create a recovery for all and get the country's economy moving again
 "Will create recovery for all and get US economy moving again: Biden")
Yellen tasked with America's economic comeback as Biden's treasury pick
In Yellen, Biden will have a battle-tested policy maker who can draw on her nearly two decades at the Fed to help rebuild an economy in dire need of government cash and confidence
 "Yellen tasked with America's economic comeback as Biden's treasury pick")
In the year of pandemic, recession and layoffs, Amazon 'hired like mad'
The company has added 427,300 employees in 10 months, bringing its global work force to more than 1.2 million
 "In the year of pandemic, recession and layoffs, Amazon 'hired like mad'")
Fed policymakers may give new bond-buying guidance 'fairly soon'
Most participants said the committee should move toward issuing forward guidance that links the pace and makeup of purchases to certain economic outcomes
 "Fed policymakers may give new bond-buying guidance 'fairly soon'")
Joe Biden's welcome by stock markets second only to Ronald Reagan's
It's obviously very early, but the market reality has been the opposite of what Donald Trump predicted for his rival - a crash
 "Joe Biden's welcome by stock markets second only to Ronald Reagan's")
Evaluating a Cabinet
Joe Biden's picks project an image of assured competence
United States economy surges by record 33.1% in the third quarter
The gain was the largest quarterly gain on records going back to 1947
 "United States economy surges by record 33.1% in the third quarter")
Characteristics of bubbles
There is no reason why the potential bubble in tech stocks will pop anytime soon
 "Characteristics of bubbles")
US Federal Reserve to return unused emergency lending funds to Treasury
US Federal Reserve Chairman Jerome Powell said that the central bank will return unused funds of the emergency Covid-19 lending facilities to the Treasury Department
 "US Federal Reserve to return unused emergency lending funds to Treasury")
US biofuel industry seeks federal clean fuel program from Joe Biden
Biofuel producers claim the carbon intensity of their fuels is low, mainly because they are produced from renewable crops like corn and other organic materials
 "US biofuel industry seeks federal clean fuel program from Joe Biden")
JPMorgan sees US economy contracting next year as Covid-19 surge hits biz
The world's largest economy is expected to shrink at a 1% annualized pace in the January-to-March period, JPMorgan said in its 2021 U.S. outlook issued Friday
 "JPMorgan sees US economy contracting next year as Covid-19 surge hits biz")
Wall Street slips at open on concerns over fading stimulus, Covid cases
The Dow Jones Industrial Average fell 45.66 points, or 0.15%, at the open to 29,437.57.
 "Wall Street slips at open on concerns over fading stimulus, Covid cases")
US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan
Dallas Federal Reserve Bank President Robert Kaplan said the economy could shrink this quarter as consumers in more states and cities pull back from economic activity amid the record coronavirus surge
 "US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan")
US should rewrite the China trade contract
The world has become too dependent on China to embrace restrictive trade actions against it
 "US should rewrite the China trade contract")
Trump nominee Shelton's path to Federal Reserve narrows as virus spreads
The Fed has aggressively eased monetary policy using measures Shelton previously called "extreme" to cushion the downturn caused by coronavirus crisis and its economic fallout
 "Trump nominee Shelton's path to Federal Reserve narrows as virus spreads")
Economy still needs fiscal, monetary support: Federal Reserve's Powell
The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said
 "Economy still needs fiscal, monetary support: Federal Reserve's Powell")
Biden says 'more people may die,' if Trump blocks pandemic cooperation
Biden said business and labor leaders had signalled willingness to work together to bolster the pandemic-battered US economy
Indian students contributed $7.6 billion to US economy last year
Indian students contributed USD 7.6 billion to the US economy in the academic year 2019-20, even though there was a 4.4 per cent drop in the total number of Indian students, according to a report
 "Indian students contributed $7.6 billion to US economy last year")
