Page 46 - Us Economy

US plans to give $1000 in cash to adults, $500 to kids amid Covid-19 crisis

The cash transfer plan alone is expected to cost $500 billion.

US warns citizens against travel abroad, unveils $1-trillion stimulus plan

The US Senate unveiled details of a $1 trillion-plus coronavirus bill on Thursday intended to help the US economy

US recession chances now at 80% despite Fed emergency moves: Report

The virus and COVID-19, the disease it causes, has spread around the world, crippling global economic activity through lockdowns and business shutdowns.

Covid-19 hit US economy already in recession: BofA; pegs job loss at 3.5 mn

US Federal Reserve urged not to restrict the quantum of stimulus measures

Wall Street extends recent selloff, Dow all but erases 'Trump-bump'

Trump's request for Congress to approve $500 billion in cash payments to taxpayers along with $50 billion in loans for airlines did little to stem the rout

US economy likely to shrink by 4% in Q1, down by 14% in Q2: JP Morgan

The forecast assumes the Fed will continue to find "creative" ways to support the economy and that the Trump administration and Congress deliver fiscal support of $1 trillion

US Fed to reintroduce Commercial Paper Funding Facility to boost lending

The Fed said the Treasury will provide $10 billion of credit protection to the central bank's commercial paper operation

Wall Street bounces after Monday's historic sell-off, Dow Jones rises 5%

The US central bank relaunched a financial crisis-era purchase of short-term corporate debt to help companies be able to continue paying workers and buy supplies through the pandemic

US Fed to buy short-term corporate debt in emergency coronavirus move

Under the Commercial Paper Funding Facility, first used in 2008, the central bank will buy short-term corporate debt directly from the companies that issue it

Goldman Sachs downgrades US growth forecast for Q1, Q2 due to coronavirus

In a note sent on Sunday, the US bank said it now sees real gross domestic product growth of 0% in the first three months of the year, from its original estimate of 0.7% expansion

Donald Trump congratulates US Fed for rates cut, calls action 'terrific'

US President Donald Trump congratulated the central bank for taking further action aimed at helping shore up the US economy

US Fed, banks discuss possible leniency on liquidity threshold for lending

The Fed is reassuring lenders that they should dip into those buffers if needed, the sources said

New York Fed to bring new repo operations, change maturities of purchases

The central bank will offer $500 billion in a three-month repo operation at 1:30 pm eastern Thursday

US in crisis mode as coronavirus cases soar, travel restrictions loom

Hollywood has postponed the release of several movies and movie theaters around the world have been closed over the health crisis

US will loan $50 bn to small biz, defer taxes to fight coronavirus: Trump

The moves are designed to keep markets liquid and businesses and consumers spending

Coronavirus fears pull S&P 500 down 20% from record highs. What next?

For many investors, Wall Street's recent deep losses are marking the end of the longest S&P 500 bull market on record

Wall Street tumbles on lack of stimulus details, Dow Jones slips 3.1%

The benchmark S&P 500 index was 17.6 per cent below its all-time peak hit on Feb. 19

Petrol and Diesel prices cut for third straight day even as brent recovers

Petrol in Delhi now costs Rs 70.29 per litre and diesel Rs 63.01 a litre

US coronavirus stimulus: Here's what Trump, Republicans, and Democrats say

Any plan the White House introduces will need to be approved by both houses of the U.S. Congress.

Trump says coronavirus will 'go away' as pressure grows for economic relief

A steady rise in the number of US cases of COVID-19 has concerned health officials and spurred calls within Congress for action to expand testing and avert an economic meltdown