Category: Economy

These states could be hit with the biggest job losses from the coronavirus pandemic

Pedestrians walk past a boarded up Lori’s Diner in San Francisco, California, U.S., on Tuesday, March 24, 2020. David Paul Morris | Bloomberg | Getty Images When...

Pence says economic fundamentals strong despite outbreak impact

Vice President Mike Pence said Friday that the fundamentals of the U.S. economy remain robust despite the coronavirus pandemic that has tanked markets and led to...

GOP bill fails in key Senate procedural vote

A massive funding package to combat the impact of coronavirus did not get enough votes in a key Senate procedural vote Sunday evening. The stalemate came hours after...

Mnuchin warns senators of 20% US unemployment without coronavirus rescue, source says

U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed...

Cramer slams government on coronavirus, evoking his epic 2007 Fed rant

CNBC’s Jim Cramer blasted the U.S. government’s response to the coronavirus on Thursday, arguing “this is the time for radical action.” ...

Here’s a list of recession indicators and where they stand, according to Bank of America

Traders work on the floor of the New York Stock Exchange on February 27, 2020. Scott Heins | Getty Images Fears that the fast-spreading coronavirus will disrupt global...

Trump asks Fed for ‘big cut’ after Australia slashes rates

President Donald Trump speaks during a news conference on the coronavirus outbreak at the White House in Washington, February 29, 2020. Joshua Roberts | Reuters...

US new home sales surge to 12.5-year high in January

Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Sales of new U.S. single-family homes raced to a...

Low rates have had only a ‘modest’ impact on stock market prices

The Federal Reserve’s extraordinary policy moves over the last 12 years have marched arm-in-arm with the biggest bull market in Wall Street history. But the...

Consumer sentiment rises in February even amid the coronavirus outbreak

U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer...