King Dollar is creating a new headache for virus-battered economies globally, with emerging markets especially vulnerable as they try to cope with collapsing currencies and plunging demand.
— Read on www.bloomberg.com/news/articles/2020-03-18/surging-u-s-dollar-is-next-big-headache-for-the-world-economy
Tag: U.S.
Yellen says coronavirus could throw U.S. economy into recession – BNN Bloomberg
Yellen says coronavirus could throw U.S. economy into recession – BNN Bloomberg
— Read on www.bnnbloomberg.ca/yellen-says-coronavirus-could-throw-u-s-economy-into-recession-1.1396416
US deficit swells 25% in fiscal 2020, $1.1 trillion over past year
The sea of red ink is hemorrhaging in Washington, with the federal government already racking up a budget deficit that is averaging close to $100 billion a month.
— Read on www.cnbc.com/2020/02/12/us-deficit-swells-25percent-in-fiscal-2020-up-1point1-trillion-over-past-year.html
U.S. jobs top estimates with 225,000 gain, wages accelerate – BNN Bloomberg
U.S. jobs top estimates with 225,000 gain, wages accelerate – BNN Bloomberg
— Read on www.bnnbloomberg.ca/u-s-jobs-top-estimates-with-225-000-gain-wages-accelerate-1.1386640
US Jobs Report December 2019: Only 145K payrolls added, 3.5% unemployment
The U.S. jobs market ended 2019 on a sour note, with December’s payroll and wage growth missing expectations, according to Labor Department.
— Read on www.cnbc.com/2020/01/10/us-nonfarm-payrolls-december-2019.html
U.S. job growth cools in December, but labor market tight – Reuters
U.S. job growth slowed more than expected in December, but the pace of hiring likely remains sufficient to keep the longest economic expansion in history on track despite a deepening downturn in a manufacturing sector stung by trade disputes.
— Read on www.reuters.com/article/us-usa-economy/u-s-job-growth-cools-in-december-but-labor-market-tight-idUSKBN1Z90E6
A $10 trillion debt burden coming due one day could hit the stock market and Amazon, UBS proposes
This decade’s surge in corporate debt could pressure stocks in 2020 if earnings or the economy slow, UBS proposes.
— Read on www.cnbc.com/2019/12/18/a-10-trillion-debt-burden-coming-due-one-day-could-hit-the-stock-market-and-amazon-ubs-proposes.html
U.S. Energy News: First Petroleum Net Exporter Since 1949 – Bloomberg
The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949.
— Read on www.bloomberg.com/news/articles/2019-11-29/u-s-posts-first-month-in-70-years-as-a-net-petroleum-exporter
Richest 1% of Americans Close to Surpassing Wealth of Middle Clas – Bloomberg
The U.S.’s historic economic expansion has so enriched one-percenters they now hold almost as much wealth as the middle- and upper-middle classes combined.
— Read on www.bloomberg.com/news/articles/2019-11-09/one-percenters-close-to-surpassing-wealth-of-u-s-middle-class
USDA Reduces Legal Murkiness for Hemp Production With New Rules – Bloomberg
The U.S. Department of Agriculture announced interim rules for hemp production, providing more clarity in the murky legal environment surrounding a crop that has generated high excitement as a profitable alternative for struggling farmers.
— Read on www.bloomberg.com/news/articles/2019-10-29/usda-reduces-legal-murkiness-for-hemp-production-with-new-rules