Page 6 - Us Recession

Covid-19 crisis: Jerome Powell warns of lasting harm; US stocks slump

The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).

Amidst the gloom and doom, the market's exuberance is confounding

For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak

US recession to last for longest time, quick rebound unlikely: Economists

The longest U.S. economic expansion has ended, said Gregory Daco, chief economist at Oxford Economics

US announces $19 bn coronavirus aid for farmers, food buys for poor

The US Agriculture Department is partnering with regional and local distributors to purchase $3 billion in such farm goods to be distributed to food banks, churches and aid groups

Five million more Americans seek unemployment benefits amid Covid-19 crisis

The Labor Department said 5.2 million new unemployment claims were filed last week, down from a slightly revised 6.6 million the week before

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

Exceptional crisis, exceptional responses

Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.

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

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

US Fed cuts key rate by 25 bps, but signals pause in its easing cycle

The Fed said it will 'monitor the implications of incoming information for the economic outlook as it assesses the appropriate path' of its target interest rate

Is the US economy headed for a recession? Bulls, bears make their case

The question now is, how badly? On that score, Friday's payroll report for September contained ammo for the optimists, as well as the pessimists - and plenty for the Federal Reserve to ponder

Trump looking at possible tax cuts, asset sale amid economic recession fear

Trump dismissed fears of a slowdown, extolling low unemployment and a rising stock market over his tenure

As signs of US recession grow, should global investors be worried?

Do not let talk of yield curve inversion and impending recession spook you

Majority of economists expect US recession in next 2 years: Survey

Only two per cent of the 226 respondents now see a recession this year, compared to 10 per cent in February's survey, NABE said

Trump may escape having to grapple with US recession before 2020 polls

One stumbling block may occur if the Federal Reserve, led by Chair Jerome Powell, raises interest rates too quickly or aggressively

Social media, populism, fake news will frame next US recession's story

It's unlikely that Wall Street-favouring white men will have anything close to the share of influence during the next downturn that they had in the last one

US headed for another recession? Fed underplays flattening yield curve

Still, there is debate within the Fed over whether a flat yield curve is problem