Page 54 - Us Economy

Mark Mobius says Joe Biden bad for US equities, good for others

Biden's tax increases would reduce the incentive for people to invest in Wall Street stocks, says Mobius

US weekly jobless claims at 751,000 as market recovers at a slowing pace

The number of initial jobless claims in the US totalled 751,000 last week, as the labour market continues to recover at a slowing pace due to the raging Covid-19 pandemic

US weekly jobless claims drop modestly; labor market recovery cooling

The economy could be plunged into a period of uncertainty following Tuesday's presidential election

Recovery hopes, US poll optimism propel indices; Sensex jumps 504 points

The Nikkei Manufacturing Purchasing Managers' Index (PMI) rose to 58.9 in October - the highest since May 2010 - igniting hopes of a strong recovery in the economy

Donald Trump asks agencies to determine fracking impact on economy

President Trump issued a memorandum that calls on government agencies to determine fracking's impact on the economy and trade and the costs of banning the oil and gas extraction through fracking.

Federal Reserve expands Main Street programme to smaller companies

Main Street's shortcomings have provided fuel to many critics who charge that the Fed has done more to help Wall Street and large corporations than small businesses during the pandemic

Wall Street rebounds ahead of tech earnings, upbeat US data helps

The rebound came after a more than 3 per cent slide a day earlier in Wall Street's major indexes, underscoring heightened market volatility ahead of the presidential election next week

US economy grows 7.4 % in Sept quarter after Covid-induced plunge

The figure topped economists' estimates for a 32% increase, which was already well above forecasts three months ago for an 18% gain

Asian indices fall as coronavirus cases surge; Wall Street declines

Stock benchmarks fell in Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher

Concerns over US fiscal stimulus, Covid-19 surge roil global markets

Sensex drops 540 points; Wall Street's indices deep in the red

Coronavirus isn't going away soon, world must reset hopes for economy

For decades, the world economy relied on central bankers and finance ministers to pull it out of crisis

US presidential debate: Joe Biden says he would push for $15 minimum wage

Joe Biden says he would push for a $15-per-hour minimum wage and rejects the idea that it would hurt small businesses

Indian economy set for a near double-digit contraction this fiscal: Poll

With over 7.6 million coronavirus infections, India is the second worst hit country in the world after the United States and the spread shows no signs of abating

US economy's rebound sets up test of US Federal Reserve's new pledge

The US economy probably grew by more than 30% on an annualized basis last quarter, economists say, making up most of the 31.4% drop in the second quarter

Wall Street opens higher on hopes of Covid-19 vaccine, stimulus deal

The Dow Jones Industrial Average rose 27.24 points, or 0.10%, at the open to 28,633.55

The new orthodoxy

Developed countries may be permanently ending austerity

US elections 2020: Joe Biden vows racial and economic justice efforts

Joe Biden is promising a sweeping effort for racial and economic justice if he's elected president

America chooses

Ethnic divisions will play a major role

Asian indices decline on US stimulus package uncertainty ahead of polls

Wall Street's benchmark S&P500 had dropped 0.7 per cent on Wednesday, after Treasury Secretary Steven Mnuchin said he and congressional leaders were "far apart" on a new aid for the struggling economy

Sensex falls 1,066 points on fading US stimulus hopes, Covid-19 surge

It was the biggest single-day fall for the benchmark indices since September 24 and fifth-biggest decline in this financial year.