Page 52 - Us Economy

Elon Musk's Tesla emerges as a new favourite among small investors in India

Indians are placing bigger-than-ever bets on US stocks this year as the American stock market has recovered faster than markets in India and other emerging nations

Trump administration proposes new $916 billion offer for Covid-19 relief

The Trump administration proposed a $916 billion coronavirus relief package, after congressional Democrats shot down a suggestion for a pared-down plan from the Senate's Majority Leader McConnell

Asian stocks touch record high on prospect of large US economic package

Asian shares scaled a record high on the growing prospect of a large US economic package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment

What Janet Yellen must do

First on the agenda will be recovery from the pandemic. With multiple vaccines in sight, the immediate task is to build a bridge from here to the post-crisis economy

Trump threatens to veto defense bill if it doesn't end tech firms' immunity

President Donald Trump is threatening to veto a defense policy bill unless it ends protections for internet companies that shield them from being held liable for material posted by their users. On Twitter Tuesday night, Trump took aim at Section 230 of the 1996 Communications Decency Act, which protects companies that can host trillions of messages from being sued into oblivion by anyone who feels wronged by something someone else has posted whether their complaint is legitimate or not. Trump called Section 230 a serious threat to our National Security & Election Integrity, adding, Therefore, if the very dangerous & unfair Section 230 is not completely terminated as part of the National Defense Authorization Act (NDAA), I will be forced to unequivocally VETO the Bill. Trump has been waging war against social media companies for months, claiming they are biased against conservative voices. In October he signed an executive order directing executive branch agencies to ask ...

US factory activity slows in Nov as coronavirus infections accelerate

US manufacturing activity slowed in November, with new orders retreating from their highest level in nearly 17 years, as a resurgence in Covid-19 cases across the nation kept workers at home

US airlines to get $17 bn for 4 months of payroll aid under Covid relief

US airlines would receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate Covid-19 relief proposal, staffers for two US Senators said

Will be ready to hit ground running on day 1 with new economic team: Harris

US Vice President-elect Kamala Harris said that the next administration will be ready to hit the ground running on day one with the experienced economic team announced by President-elect Joe Biden

US facing historic crises again, says Treasury secy-nominee Janet Yellen

The United States is facing economic crises again and it is essential to move with urgency, Treasury Secretary-nominee Janet Yellen said

Will create recovery for all and get US economy moving again: Biden

Introducing his high-profile and experienced team to the nation, US President-elect Joe Biden exuded confidence that it will create a recovery for all and get the country's economy moving again

Yellen tasked with America's economic comeback as Biden's treasury pick

In Yellen, Biden will have a battle-tested policy maker who can draw on her nearly two decades at the Fed to help rebuild an economy in dire need of government cash and confidence

In the year of pandemic, recession and layoffs, Amazon 'hired like mad'

The company has added 427,300 employees in 10 months, bringing its global work force to more than 1.2 million

Fed policymakers may give new bond-buying guidance 'fairly soon'

Most participants said the committee should move toward issuing forward guidance that links the pace and makeup of purchases to certain economic outcomes

Joe Biden's welcome by stock markets second only to Ronald Reagan's

It's obviously very early, but the market reality has been the opposite of what Donald Trump predicted for his rival - a crash

Evaluating a Cabinet

Joe Biden's picks project an image of assured competence

United States economy surges by record 33.1% in the third quarter

The gain was the largest quarterly gain on records going back to 1947

Characteristics of bubbles

There is no reason why the potential bubble in tech stocks will pop anytime soon

US Federal Reserve to return unused emergency lending funds to Treasury

US Federal Reserve Chairman Jerome Powell said that the central bank will return unused funds of the emergency Covid-19 lending facilities to the Treasury Department

US biofuel industry seeks federal clean fuel program from Joe Biden

Biofuel producers claim the carbon intensity of their fuels is low, mainly because they are produced from renewable crops like corn and other organic materials

JPMorgan sees US economy contracting next year as Covid-19 surge hits biz

The world's largest economy is expected to shrink at a 1% annualized pace in the January-to-March period, JPMorgan said in its 2021 U.S. outlook issued Friday