Page 48 - Us Economy

Power outages and water shortages as Texas shivers, says report

Misery deepens as a new storm threatens the US east coast

Fed minutes highlight willingness to steer past coming inflation

The Fed made few changes to its policy statement at its last meeting in January, and did not issue new economic forecasts

Rising US yields takes edge off stocks rally, lends support to dollar

Benchmark ten-year U.S. Treasury yields rose as far as 1.3330% in Asia, the highest since February 2020, although they later eased back to 1.2989%

Energy crisis in US deepens with nearly 5 million people in the dark

The blackouts are likely to continue throughout Tuesday with no firm end in sight

G7: Joe Biden to speak at virtual meeting of world's major economies

Biden will emphasize the need for global coordination on vaccine production, distribution and supplies, as well as global efforts to prepare for and protect against future pandemics

Unfair economic practices a worry, says Biden in first phone call with Xi

Xi reiterated during the call that cooperation was the only choice and that the two countries need to properly manage disputes in a constructive manner

US to look at adding more restrictions on sensitive tech exports to Chins

"We are maintaining those tariffs while we conduct our review because we're not going to act precipitously," he said

Fed's Powell calls for broad national drive to full employment

The United States remains about 9 million jobs short of where it was a year ago

Wall Street eases from record levels at open; stimulus in focus

The Dow Jones Industrial Average fell 25.9 points, or 0.08%, at the open to 31359.88

US: Dems propose $1,400 payments as part of Joe Biden's virus relief

Biden, less than three weeks into his presidency, has declared that defeating the virus and fixing the economy are his top priorities

Wall Street at all-time highs as investors make risky stimulus bets

Wall Street's main indexes hit record highs on Monday, as investors made risky bets on hopes that a fiscal relief package would lead to a speedy economic recovery.

Joe Biden's plan could restore full employment by 2022: Janet Yellen

Janet Yellen has said the country was still in a deep hole with millions of lost jobs but that Joe Biden's $1.9 trn relief plan could generate enough growth to restore full employment by next year

US shouldn't settle for 'long, slow' recovery: Treasury Secretary Yellen

'Workers who earn $60,000 per year should receive cheques as part of the relief package'

Hard labour for cheap stuff

Book review of Made in China: A Prisoner, an SOS Letter, and the Hidden Cost of America's Cheap Goods

US employers add just 49,000 jobs as unemployment falls to 6.3%

The tepid increase followed a decline of 227,000 jobs in December, the first loss since April

US trade deficit jumps to 12-year high in 2020 amid Covid-19 pandemic

The Commerce Department said on Friday that the trade deficit jumped 17.7% to $678.7 billion last year, the highest since 2008

US job growth rebound less than expected; more government aid needed

U.S. job growth rebound less than expected; more government aid needed Zomato inks pact with MoHUA to onboard 300 street vendors No 'chakka jam' in Delhi says farmers' body, asks protestors to be peac

"Dollar smile" meets "dollar short"; greenback bounce threatens bears

According to one fund manager, the dollar could be about to complete a trading pattern known as the "Dollar Smile," which has in previous years preceded major U.S. economic rebounds and currency surge

Wall Street opens higher as focus turns to stimulus, corporate earnings

Wall Street's main indexes opened higher, as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested the labor market was stabilizing.

US productivity drops at 4.8% rate in Dec quarter while labour costs rose

U.S. productivity fell sharply in the October-December quarter while labor costs rose.