Page 51 - Us Economy
Joe Biden says Donald Trump's impeachment is for Congress to decide
Biden told reporters that he was focused on containing the Covid-19 pandemic, ensuring rapid vaccination and bolstering the economy
 "Joe Biden says Donald Trump's impeachment is for Congress to decide")
Bull run continues: Indices on longest weekly winning streak since 2009
Sensex, Nifty hit fresh all-time highs on Friday
 "Bull run continues: Indices on longest weekly winning streak since 2009")
US economy sheds jobs in December; unemployment rate at 6.7%
Despite the labor market weakness, the economy is unlikely to fall back into recession, with a backstop of nearly $900 billion in additional pandemic relief approved by the government last week
 "US economy sheds jobs in December; unemployment rate at 6.7%")
Explained: All you should know about America's new H-1B selection process
Here's how US plans to modify H-1B visa selection process, priorities skill and wage levels
 "Explained: All you should know about America's new H-1B selection process")
Raging Covid cases expected to have restrained US labour market in December
The US economy likely created fewest jobs in seven months in December or even shed workers as the country buckled under onslaught of Covid, marking the start of what is expected to be a bleak winter
 "Raging Covid cases expected to have restrained US labour market in December")
US to modify H-1B visa selection process, prioritise skill, wage levels
US Immigration will modify the H-1B selection process, prioritising wages to protect the economic interests of US workers and better ensure the most highly skilled foreign workers benefit from
 "US to modify H-1B visa selection process, prioritise skill, wage levels")
US stimulus fix propels Asian shares, Nikkei zooms to 30-year high
Japan's Nikkei leapt 1.63% to its highest since August 1990, while shares in China rose 0.1%
 "US stimulus fix propels Asian shares, Nikkei zooms to 30-year high")
US jobless benefit cut-off pushes millions to financial cliff-edge
Emergency unemployment benefits of roughly 14 million ended on Saturday
 "US jobless benefit cut-off pushes millions to financial cliff-edge")
Unemployment benefits for millions of Americans in limbo as Trump rages
US President's refusal to sign a bipartisan package as he demands larger coronavirus relief checks could also force a federal government shutdown.
 "Unemployment benefits for millions of Americans in limbo as Trump rages")
Donald Trump refuses to sign relief Bill, seeks $2,000 stimulus payment
Threat throws into turmoil a bipartisan effort by Congress to help millions
 "Donald Trump refuses to sign relief Bill, seeks $2,000 stimulus payment")
US consumer spending drops 0.4% in Nov, first decline since April
US consumer spending fell 0.4% in November, the first decline since April, as Americans confronted a newly resurgent virus.
 "US consumer spending drops 0.4% in Nov, first decline since April")
US consumer confidence stumbles; Covid-19 sapping economic momentum
The Conference Board's consumer confidence index dropped to a reading of 88.6 this month, the lowest since August, from 92.9 in November
 "US consumer confidence stumbles; Covid-19 sapping economic momentum")
US slightly upgrades GDP estimate for Q3 to 33.4 per cent growth
The US economy expanded at a 33.4 per cent annual pace from July through September, the Commerce Department said, delivering the last of three estimates on the economy's third-quarter performance.
 "US slightly upgrades GDP estimate for Q3 to 33.4 per cent growth")
US Congress unveils $2.3 tn government spending, Covid-19 relief package
The US Congress unveiled a $2.3 trillion spending package hours before it is expected for a passage in both chambers, funding the government through the end of the fiscal year
 "US Congress unveils $2.3 tn government spending, Covid-19 relief package")
S&P 500 pares losses as US stimulus passage expected; Tesla falls 4.6%
The $900 billion package, expected to pass on Monday, includes unemployment aid and steers money to small businesses, airlines, transit systems and vaccine distribution.
 "S&P 500 pares losses as US stimulus passage expected; Tesla falls 4.6%")
$900-billion US stimulus includes $600 checks; $15 billion in airline aid
The support is part of $45 billion earmarked for the transportation sector in a $900 billion package for COVID-19 relief.
 "$900-billion US stimulus includes $600 checks; $15 billion in airline aid")
US Congress reaches $900 billion deal to aid economy hit by Covid-19
Top Capitol Hill negotiators sealed a deal on an almost $1 trillion Covid-19 economic relief package
 "US Congress reaches $900 billion deal to aid economy hit by Covid-19")
US long-term mortgage rates fall to record low for 15th time this year
US long-term mortgage rates declined this week to record low levels for the 15th time this year against the backdrop of an economy ravaged by the pandemic
 "US long-term mortgage rates fall to record low for 15th time this year")
US retail sales fall more than expected in Nov dragged by Covid-19 surge
US retail sales fell more than expected in November, likely weighed down by raging new Covid-19 infections and decreasing household income
 "US retail sales fall more than expected in Nov dragged by Covid-19 surge")
Global stocks look for Covid vaccine-led recovery, US fiscal stimulus
E-Mini futures for the S&P 500 responded by rising 0.5%, while March Treasury bond futures slipped 4 ticks. EUROSTOXX 50 futures added 0.6% and FTSE futures 0.3%
 "Global stocks look for Covid vaccine-led recovery, US fiscal stimulus")