April’s jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the economy’s collapse.
— Read on www.cnbc.com/2020/05/07/the-april-jobs-report-is-expected-to-show-more-than-20-million-lost-jobs-and-the-depth-of-pain-as-the-us-economy-slammed-shut.html
Tag: United States
Senate passes US$484B interim economic stimulus package – BNN Bloomberg
Senate passes US$484B interim economic stimulus package – BNN Bloomberg
— Read on www.bnnbloomberg.ca/senate-passes-us-484b-interim-economic-stimulus-package-1.1424562
Stocks and futures climb on U.S. reopening plans – BNN Bloomberg
Stocks and futures climb on U.S. reopening plans – BNN Bloomberg
— Read on www.bnnbloomberg.ca/stocks-and-futures-climb-on-u-s-reopening-plans-1.1422710
Virus News: U.S. May Face 18 Months of Rolling Shutdowns – Bloomberg
Without an effective therapy or a vaccine for the novel coronavirus, the U.S. economy could face 18 months of rolling shutdowns as the outbreak recedes and flares up again, Federal Reserve Bank of Minneapolis President Neel Kashkari said.
— Read on www.bloomberg.com/news/articles/2020-04-12/fed-s-kashkari-says-u-s-may-face-18-months-of-rolling-shutdowns
Coronavirus update: Job losses could total 47 million, unemployment rate of 32%, Fed says
Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to the Federal Reserve.
— Read on www.cnbc.com/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html
China attacks US at G20 as the world’s biggest source of instability
Chinese government’s top diplomat, Wang Yi, referred to the United States as the “world’s biggest destabilizing factor” at a G20 meeting in Japan on Saturday.
— Read on www.cnbc.com/2019/11/23/china-attacks-us-at-g20-as-the-worlds-biggest-source-of-instability.html
Pot stock hits keep coming as Biden knocks weed ahead of meeting – Article – BNN
Pot stock hits keep coming as Biden knocks weed ahead of meeting – Article – BNN
— Read on www.bnnbloomberg.ca/pot-stock-hits-keep-coming-as-biden-knocks-weed-ahead-of-meeting-1.1349783
Fed decision: Interest rates cut by quarter point; FOMC divided on next steps
Investors largely expected the FOMC to cut rates by a quarter point.
— Read on www.cnbc.com/2019/09/18/fed-decision-interest-rates-cut.html
Fed cuts interest rates, signals holding pattern for now – Reuters
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
— Read on www.reuters.com/article/us-usa-fed/fed-cuts-interest-rates-signals-holding-pattern-for-now-idUSKBN1W32H7
Federal Reserve Cuts Interest Rates by One Quarter Point – Bloomberg
Federal Reserve policy makers lowered their main interest rate for a second time this year and Chairman Jerome Powell said that “moderate” policy moves should be sufficient to sustain the U.S. expansion.
— Read on www.bloomberg.com/news/articles/2019-09-18/fed-makes-second-straight-rate-cut-splits-on-further-action