Page 55 - Us Economy
Covid: After two lost decades, US's weakest local economies may face worse
For 5,000 or so "distressed" zip codes it was by contrast a period of lost opportunity as they fell further behind, with the number of jobs declining even deep into the recovery
 "Covid: After two lost decades, US's weakest local economies may face worse")
JPMorgan, Citigroup profits improve amid signs of economic recovery
Two of the nation's biggest banks JPMorgan Chase and Citigroup said Tuesday that their profits improved markedly over the summer
 "JPMorgan, Citigroup profits improve amid signs of economic recovery")
White House coronavirus aid offer is panned by Pelosi, Senate GOP
Pelosi said she is still hopeful that progress can be made toward a deal but it''s as clear as ever that GOP conservatives don''t want a deal on her terms
 "White House coronavirus aid offer is panned by Pelosi, Senate GOP")
White House increases fiscal-stimulus offer to $1.8 trillion: Report
McConnell later told reporters that "even if an agreement" on stimulus is reached, his first priority is securing Senate confirmation of Trump's nominee for the Supreme Court
 "White House increases fiscal-stimulus offer to $1.8 trillion: Report")
US Senate Majority Leader McConnell says pre-election Covid deal unlikely
The leading Republican in Congress, McConnell said he hoped lawmakers could rise above partisan jockeying to agree on "hopefully one last rescue package,
 "US Senate Majority Leader McConnell says pre-election Covid deal unlikely")
Asian markets to inch up as US economic stimulus talks restart
In energy markets, oil prices rallied on production shutdowns ahead of a storm in the US Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway
 "Asian markets to inch up as US economic stimulus talks restart")
Wall Street closes higher as Donald Trump boosts hopes of stimulus
Two days after calling off negotiations on a comprehensive bill, Trump in an interview with Fox News said talks with Congress have restarted over further Covid-19 relief
 "Wall Street closes higher as Donald Trump boosts hopes of stimulus")
Trump says Covid-19 aid talks have restarted, good chance for deal
The Republican president also said discussions include a second round of $1,200 direct payments to individuals.
Asian shares to open higher on renewed US economic stimulus hopes
The Dow Jones Industrial Average rose 1.91%, the S&P 500 gained 1.74% and the Nasdaq Composite added 1.88%
 "Asian shares to open higher on renewed US economic stimulus hopes")
Oil prices decline over 2% on US stimulus impasse, stockpile rise
Brent crude futures were down $1.05, or 2.5 per cent, to $41.60 a barrel by 7.33 pm (IST) and US West Texas Intermediate (WTI) crude declined $1.19, or 2.9 per cent, to $39.48
 "Oil prices decline over 2% on US stimulus impasse, stockpile rise")
Wall Street jumps 1% at open, shaking off Donald Trump's stimulus shock
The Dow Jones Industrial Average rose 198.60 points, or 0.72%, at the open to 27,971.36.
 "Wall Street jumps 1% at open, shaking off Donald Trump's stimulus shock")
US trade deficit hits 14-year high, rises to $67.1 billion in August
The US trade deficit rose in August to the highest level in 14 years
 "US trade deficit hits 14-year high, rises to $67.1 billion in August")
Donald Trump calls off US coronavirus relief talks with Democrats
In recent days, financial markets were hopeful progress toward a Covid-19 vaccine and another round of economic stimulus from Congress would boost the US economy
 "Donald Trump calls off US coronavirus relief talks with Democrats")
Wall Street ends lower after Trump calls off coronavirus relief talks
Stocks were higher before the remarks, but reversed course after Trump made the comments on Twitter
 "Wall Street ends lower after Trump calls off coronavirus relief talks")
Covid-19 impact: US commercial bankruptcy filings up 33% so far this year
Filings by individuals, however, are lower so far this year courtesy of government relief efforts.
 "Covid-19 impact: US commercial bankruptcy filings up 33% so far this year")
Wall Street closes lower as Donald Trump tests positive for Covid-19
Tech shares weighed heaviest on the indexes, but the blue-chip Dow's losses were mitigated by gains in economically sensitive cyclical stocks
 "Wall Street closes lower as Donald Trump tests positive for Covid-19")
Slow recovery: US jobs rise less than forecast in September amid Covid-19
Nonfarm payrolls increased by 661,000 following an upwardly revised 1.49 million advance in August, according to data Friday from the Labor Department
 "Slow recovery: US jobs rise less than forecast in September amid Covid-19")
US House gives approval to Democrats' $2.2-trn coronavirus aid plan
Objections from top Republicans are likely to doom the House Democrats' plan in the Senate. Senate Majority Leader Mitch McConnell has called the $2.2 trillion price tag "outlandish"
 "US House gives approval to Democrats' $2.2-trn coronavirus aid plan")
Unlock 5.0, hopes of US Covid stimulus lift Sensex, Nifty over 1.5%
Sensex, Nifty post weekly gains of 3.5 per cent
 "Unlock 5.0, hopes of US Covid stimulus lift Sensex, Nifty over 1.5%")
American, United Airlines to lay off 32,000 as US aid talks drag on
The job cuts ramp up the pressure on Mnuchin and House Speaker Nancy Pelosi as they haggle over an economic relief plan, with Democrats calling for $2.2 trillion
 "American, United Airlines to lay off 32,000 as US aid talks drag on")