Economy

State and Local Budget Pain Looms Over Economy’s Future
14 August 2020
3492
Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package. The U.S. economy struggled to shake off the last recession, with historically slow growth and a labor mark...
Markets are tied to infection data again
25 June 2020
3984
Confidence in the economic recovery has been called into question by investors. US markets on Wednesday lost more than 2.6%, and Hong Kong indices are falling. However, there are several notable exceptions. The Shanghai Stock Exchange 50 blue-chip i...
Trump Administration to Push for ‘Reset’ of Global Tariffs
17 June 2020
3588
The Trump administration plans to continue its aggressive trade tactics this year by pushing for a “broader reset” of the tariffs set at the World Trade Organization, a top trade official plans to tell Congress in testimony on W...
Coronavirus: Congress passes $484bn economic relief bill
24 April 2020
1891
The US Congress has passed a new Covid-19 relief package totalling $484bn (£391bn), the fourth aid bill to clear Congress in response to the pandemic. The legislation, approved 388-5 by the House of Representatives, tops up a small business ai...
US oil prices crash below $15 a barrel. Global stocks are mixed
20 April 2020
1605
New York/Hong Kong (CNN Business)US oil prices crashed Monday to a 21-year low as the market continues to be roiled by an epic collapse in demand caused by the coronavirus pandemic. Global stocks are mixed as investors brace for more companies t...
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