Page 64 - Us Economy

Covid-19 crisis: Donald Trump may tax firms manufacturing outside US

In an interview with Fox Business News, Trump said taxation was an incentive for companies to return manufacturing bases to the US.

Covid-19 crisis: Jerome Powell warns of lasting harm; US stocks slump

The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).

Government piled up record deficit of $737.9 bn in April: US Treasury

The deficit so far for the fiscal year that began September 1 climbed to $1.48 trillion

Tesla to reopen California factory despite county order

The electric car company told employees to report to work Friday, but a county official said Tesla did not meet the requirements for resuming production.

White-collar companies race to be last to return to the office

Google, Facebook, Amazon, Capital One and others are extending work-from-home policies to September and sometimes far beyond.

Why get all made up with nowhere to go?

Staying at home has caused many people to change their makeup, hair-care and skin-care routines. Companies are feeling the effects.

Covid-19 impact: US unemployment rate surges to 14.7%, the worst since 1948

As the US lost over 20 million jobs in a pandemic-induced economic spiral during April, its unemployment rate zoomed to nearly 15 per cent

Coronavirus pandemic ravages US payrolls, April job losses top 20 million

The Labor Department's closely watched monthly employment report on Friday also showed the unemployment rate surging to 14.7% last month, shattering the post-World War Two record of 10.8%

Coronavirus task force to stay for now, new members will be added: Trump

Two of its top health officials, Dr Anthony Fauci and Dr Deborah Birx, would continue to be members of the task force, Trump told reporters

Trump admin begins talks on winding down Covid-19 taskforce: V-P Pence

The White House has already begun to talk about a transition plan with the Federal Emergency Management Agency

Donald Trump to replace Covid-19 taskforce with economy reopening group

The Task Force headed by Pence has focused its efforts on healthcare issues and has been effectively guiding the United States since the beginning of the novel coronavirus

Covid-19: New York governor Cuomo outlines 'phased reopening' of businesses

Cuomo says construction, manufacturing and select retail shops could open in a first phase of reopening

Coronavirus cannot stop America or Berkshire Hathaway, says Warren Buffett

Buffett said operating earnings will, through at least this year, be "considerably less" than they would have been had the pandemic not occurred

Amidst the gloom and doom, the market's exuberance is confounding

For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak

For Fed Chair Powell, March was intense as response to Covid-19 intensified

Though the calendar gives no details on what was discussed, it suggests an explosion of activity at the US central bank unseen since the darkest days of the 2007-2008 financial crisis

From seeking govt aid to snubbing it, what changed for Boeing in 6 weeks?

Boeing had lobbied extensively for aid and called for at least $60 billion in government loans for the entire aerospace manufacturing sector

Covid-19 impact: US personal spending plunged 7.5% in March amid shutdowns

Personal income decreased 2.0 per cent in the month, according to estimates released on Thursday by the Department's Bureau of Economic Analysis

30 million have sought US unemployment aid since coronavirus hit

Economists forecast that the unemployment rate for April could go as high as 20 per cent.

Won't extend social distancing guidelines, may hold rallies soon: Trump

Trump says he plans to resume out-of-state travel after spending more than a month mostly cooped up in the White House

Federal Reserve leaves rates near zero, sees coronavirus risks lingering

US stock markets pared some of the day's strong gains after the release of the statement