Page 45 - Us Economy

US has 'passed the peak' on new coronavirus cases, says Donald Trump

The US has over 637,000 confirmed Covid-19 cases and over 30,826 deaths, the highest for any country in the world

Coronavirus pandemic eats away Goldman's profits as investment takes a hit

The Wall Street trading powerhouse on Wednesday also warned that it expects reduced revenue in its asset and wealth management businesses and a higher rate of client defaults

US taxpayers will soon get stimulus checks with Donald Trump's name on them

The paper checks are scheduled to be issued at a rate of 5 million each week until September, starting with the lowest-income taxpayers

Trump says US may reopen economy before May 1; Canada not in hurry

Canada is still receiving repatriation flights for Canadians who have been stranded abroad. Trudeau said travel restrictions will remain for many weeks

Covid-19 impact: It's my decision when to reopen economy, says Trump

However, he also has said he would listen to US health experts and others in making any recommendations

Torn over lifting curbs, Trump faces 'biggest decision ever'

"I'm going to have to make a decision, and I only hope to God that it's the right decision," Mr. Trump said on Friday during his daily news briefing on the fight against the coronavirus

Covid-19: US already in recession; Trump accuses China of taking advantage

Economists believe the US economy of the United States entered recession in March only

US Fed rolls out $2.3 trillion to backstop 'Main Street,' local govts

U.S. central bank says it would work through banks to offer four-year loans to companies of up to 10,000 employees and directly buy the bonds of states.

World coronavirus dispatch: Estimating the impact on US, China economies

A Nikkei survey of 29 economists predicts that China's economy may contract by 3.7 per cent in Jan-March quarter.

Trump delays plan to reopen economy by mid-April amid Covid-19 warnings

Fauci softened his dire predictions at the Rose Garden briefing, saying they were based on models that were run to show the worst-case scenario if Americans did not follow stay-at-home directives

Covid-19: Trump signs $2-trn rescue package, largest-ever US stimulus bill

The United States leads in the number of Covid-19 with 104,007 infections confirmed so far

Trump signs $2 trn stimulus bill to cushion coronavirus impact on economy

A record three million people have applied for unemployment, the entire travel and tourism industry have come to a standstill, companies have stopped their operations

Wall Street tumbles as US coronavirus cases pass 85,000; Dow falls 4%

The Dow Jones Industrial Average slumped 4.06% to end at 21,636.78 points, while the S&P 500 lost 3.37% to 2,541.47

Coronavirus: Washington set to deliver $ 2.2 trillion virus rescue bill

Originally scheduled as a non-working pro forma meeting, the session will be extended to a debate on the bill all conducted under social distancing rules to minimize the risk of transmitting the virus

Record 3.3 mn in US seek jobless benefits as coronavirus hammers economy

The normally routine report is at the frontlines of the economic crisis caused by the outbreak, which has forced widespread closures of restaurants, shops and hotels

Is 'universal basic income' a possible remedy for economies hit by virus?

Now, with the US economy crippled as people hunker down at home, the likes of conservative Republican Senator Mitt Romney are raising the idea

Coronavirus: Trump hopeful of reopening economy by Easter; toll touches 778

Apart from New York, neighbouring New Jersey, along with California, Michigan, Illinois and Florida were the other coronavirus hotspots

Federal Reserve aims 'bazooka' to backstop coronavirus-hit economy

Nearly a third of the US population has been urged to stay indoors and authorities have mandated the shutdown of large parts of the service sector to keep people safe

Wall Street plunges as Federal Reserve fails to allay coronavirus worries

More states under lockdown raise fears of hit to economy

Covid-19: US headed towards recession, but Silicon Valley still optimistic

A total of 218 people have died in the US due to the fast-spreading coronavirus pandemic