Page 43 - Us Economy
United States trade deficit hits record $74.4 billion in March
This comes as an improving US economy drove purchases of imported foreign goods.
 "United States trade deficit hits record $74.4 billion in March")
Joe Biden sells economic plan in Georgia, calls for rich to pay more
Joe Biden took his pitch to Georgia for USD 4 trillion in spending to rebuild the nation's aged infrastructure and vastly expand the federal social safety net.
 "Joe Biden sells economic plan in Georgia, calls for rich to pay more")
Amazon expects spring windfall as US economy reopens, posts record profits
Amazon said it expects operating income for the current quarter to be between $4.5 billion and $8 billion, which assumes about $1.5 billion of costs related to Covid-19
 "Amazon expects spring windfall as US economy reopens, posts record profits")
US economy accelerated at a robust 6.4% rate last quarter on stimulus
US economy grew at a brisk 6.4 per cent annual rate last quarter a show of strength fuelled by government aid and declining viral cases that could drive further gains
 "US economy accelerated at a robust 6.4% rate last quarter on stimulus")
Jerome Powell waves inflation worries away as Fed holds rates near zero
Powell was dismissive of anecdotes of labor shortages, explaining it mostly as an allocation problem
 "Jerome Powell waves inflation worries away as Fed holds rates near zero")
Joe Biden's agenda
First 100 days have demonstrated the virtues of a steady hand
 "Joe Biden's agenda")
Joe Biden to propose tax hikes, $80 billion for audits of the rich
The measures will be key elements to offset the cost of Biden's "American Families Plan" that he's set to unveil in a speech to Congress
As US capital gains tax hike looms, wealthy seek ways to soften the blow
Wealthy Americans have deluged their advisers and accountants with calls for advice on how to avoid being caught by the potential increase.
 "As US capital gains tax hike looms, wealthy seek ways to soften the blow")
Fewer waiters, more scientists if pandemic job trends stick, US study shows
Air travel is still stuck at roughly 60%
 "Fewer waiters, more scientists if pandemic job trends stick, US study shows")
US Fed's 'maximum employment' push may fall short in post-pandemic economy
The Fed is not expected to change its policy guidance after its two-day meeting this week
 "US Fed's 'maximum employment' push may fall short in post-pandemic economy")
Joe Biden eyes tax rate as high as 43.4% in upcoming economic plan
The White House plans to propose almost doubling the capital gains tax rate for those earning $1 million or more, to 39.6%
 "Joe Biden eyes tax rate as high as 43.4% in upcoming economic plan")
World stocks at record high, oil up on strong China, United States data
U.S. stock futures pointed to a slightly lower open
 "World stocks at record high, oil up on strong China, United States data")
US retail sales post largest gain in 10 months; weekly jobless claims fall
Retail sales rebounded 9.8% last month, the largest increase since May 2020, the Commerce Department said
 "US retail sales post largest gain in 10 months; weekly jobless claims fall")
Higher rates offset by positive US spillovers: IMF chief economist Gopinath
She told a Peterson Institute for International Economics event that the better outlook is increasing demand for exports from many countries
 "Higher rates offset by positive US spillovers: IMF chief economist Gopinath")
US budget deficit jumps to an all-time high of $1.7 trillion this year
The US government's budget deficit surged to an all-time high of USD 1.7 trillion for the first six months of this budget year, nearly double the previous record
 "US budget deficit jumps to an all-time high of $1.7 trillion this year")
Biden's budget fuels health, education spending in sharp change from Trump
Biden would increase spending by $14 billion across agencies to deal with the effects of greenhouse gas emissions, a shift from the Trump administration's dismissal of climate science
 "Biden's budget fuels health, education spending in sharp change from Trump")
Gold hits three-week peak as Fed's dovish tone pressures dollar, yields
(Reuters) - Gold scaled a three-week peak on Thursday after minutes from the Federal Reserve's latest policy meeting reassured investors that interest rates will remain low for some time, pushing the dollar and U.S. yields lower.
 "Gold hits three-week peak as Fed's dovish tone pressures dollar, yields")
US jobless claims jump to 744,000 as Covid-19 still forces layoffs
Initial claims in regular state programs increased by 16,000 to 744,000 in the week ended April 3, Labor Department data showed Thursday. Economists in a Bloomberg survey estimated 680,000 claims
 "US jobless claims jump to 744,000 as Covid-19 still forces layoffs")
Fed expects to keep supporting economy 'for some time,' minutes show
The median Fed policymaker projection for economic growth in 2021 was increased from 4.2% as of December to 6.5%, which would if achieved be the fastest rate of expansion since 1984
 "Fed expects to keep supporting economy 'for some time,' minutes show")
US job openings jump to two-year high in boost to labour market
WASHINGTON (Reuters) - U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid from the government boost companies' needs for more workers.
 "US job openings jump to two-year high in boost to labour market")