Page 53 - Us Economy
Wall Street slips at open on concerns over fading stimulus, Covid cases
The Dow Jones Industrial Average fell 45.66 points, or 0.15%, at the open to 29,437.57.
 "Wall Street slips at open on concerns over fading stimulus, Covid cases")
US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan
Dallas Federal Reserve Bank President Robert Kaplan said the economy could shrink this quarter as consumers in more states and cities pull back from economic activity amid the record coronavirus surge
 "US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan")
US should rewrite the China trade contract
The world has become too dependent on China to embrace restrictive trade actions against it
 "US should rewrite the China trade contract")
Trump nominee Shelton's path to Federal Reserve narrows as virus spreads
The Fed has aggressively eased monetary policy using measures Shelton previously called "extreme" to cushion the downturn caused by coronavirus crisis and its economic fallout
 "Trump nominee Shelton's path to Federal Reserve narrows as virus spreads")
Economy still needs fiscal, monetary support: Federal Reserve's Powell
The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said
 "Economy still needs fiscal, monetary support: Federal Reserve's Powell")
Biden says 'more people may die,' if Trump blocks pandemic cooperation
Biden said business and labor leaders had signalled willingness to work together to bolster the pandemic-battered US economy
 "Biden says 'more people may die,' if Trump blocks pandemic cooperation")
Indian students contributed $7.6 billion to US economy last year
Indian students contributed USD 7.6 billion to the US economy in the academic year 2019-20, even though there was a 4.4 per cent drop in the total number of Indian students, according to a report
 "Indian students contributed $7.6 billion to US economy last year")
Biden unveils economic plan; emphasis on job creation and new technology
Joe Biden has unveiled his economic plan to help the country recover from the after-effects of the coronavirus pandemic
 "Biden unveils economic plan; emphasis on job creation and new technology")
VP-elect Kamala Harris delivers first speech on US economy: Full transcript
Harris spoke after meetings with industry leaders and took the stage ahead of Joe Biden
 "VP-elect Kamala Harris delivers first speech on US economy: Full transcript")
Biden vows to strengthen economy despite exploding coronavirus pandemic
Joe Biden said his administration would strengthen the country's vulnerable economy despite the exploding pandemic as he pushed forward with the business of preparing to assume the presidency
 "Biden vows to strengthen economy despite exploding coronavirus pandemic")
Pelosi urges Republicans to resume coroanavirus relief package talks
"Our focus in the Congress, now in this lame duck, continues to be on Covid-19 relief. This is a red alert," Pelosi said at a press briefing
 "Pelosi urges Republicans to resume coroanavirus relief package talks")
US labour market gradually healing; weekly jobless claims at 7-month low
The number of Americans filing new unemployment benefits claims fell to a seven-month low last week, but the pace of decline has slowed and further improvement could be limited by a raging pandemic
 "US labour market gradually healing; weekly jobless claims at 7-month low")
Donald Trump's final Federal Reserve picks may get Senate nod next week
Senate votes on Trump's former economic adviser Judy Shelton and St. Louis Fed research director Christopher Waller could take place as early as next week
US piles up record October budget deficit of $284.1 billion: Treasury dept
The US is starting the 2021 budget year the way the old year ended, with soaring deficits
 "US piles up record October budget deficit of $284.1 billion: Treasury dept")
Covid-19 effect: US data suggests economic recovery may be weakening
WASHINGTON (Reuters) - The explosive surge in U.S. coronavirus cases this fall has left a question hanging: When will the economy take its own turn for the worse?
 "Covid-19 effect: US data suggests economic recovery may be weakening")
What to expect from Biden Presidency? Economic ties to remain a challenge
Even as US President-elect Biden makes his first moves towards the White House without a concession from incumbent Trump, Harsh Pant assesses the real import of the choice American voters have made.
 "What to expect from Biden Presidency? Economic ties to remain a challenge")
Bidenomics: Sanity in post-Covid world, but expect no instant big changes
India, with its market potential, and as a complement to the US economy stands to gain if it plays its cards right.
 "Bidenomics: Sanity in post-Covid world, but expect no instant big changes")
What's ahead under US President-elect Joe Biden, industry by industry
Here's a breakdown of how a Biden presidency may affect some US industries and what might rise to the top of his agenda as he takes over from Donald Trump in January
 "What's ahead under US President-elect Joe Biden, industry by industry")
Wish him luck: From managing Covid to unifying US, Biden faces a tough task
Biden's first challenge will be to steer the country through the hazards of the coming weeks
 "Wish him luck: From managing Covid to unifying US, Biden faces a tough task")
Biden now stares at Congress clash on how to fix Covid-ravaged economy
But Biden's agenda risks running into immediate skepticism from the new Congress, where control may hinge on runoff elections in Georgia
 "Biden now stares at Congress clash on how to fix Covid-ravaged economy")