Page 65 - Us Economy
US GDP shrinks 4.8% in first quarter as pandemic decimates economy
It was the sharpest fall since the economy shrank at an 8.4 per centt annual rate in the fourth quarter of 2008 in the depths of the Great Recession
 "US GDP shrinks 4.8% in first quarter as pandemic decimates economy")
US Federal Reserve likely to renew vow to use all tools to support economy
The statement could reflect a sharp downgrade in the Fed's assessment of the job market, household spending, and energy markets
 "US Federal Reserve likely to renew vow to use all tools to support economy")
Trump immigration order to last 30-90 days, apply to permanent immigrants
Other workers such as those on so-called H1-B visas would be covered in a separate action
 "Trump immigration order to last 30-90 days, apply to permanent immigrants")
Ford issues $8 bn debt securities after coronavirus causes $2 bn loss
The Dearborn, Michigan-based company, which lost its investment-grade status in March, raised new funds with a three-part debt offering, according to a regulatory filing.
 "Ford issues $8 bn debt securities after coronavirus causes $2 bn loss")
US announces $19 bn coronavirus aid for farmers, food buys for poor
The US Agriculture Department is partnering with regional and local distributors to purchase $3 billion in such farm goods to be distributed to food banks, churches and aid groups
 "US announces $19 bn coronavirus aid for farmers, food buys for poor")
Bharat Ramamurti to oversee how US govt handles $500 bn in bailout funds
This month, the Fed announced it was offering up to $2.3 trillion initially through five different lending facilities
 "Bharat Ramamurti to oversee how US govt handles $500 bn in bailout funds")
RBI measures, global markets surge propel Sensex, Nifty to one month high
Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.
 "RBI measures, global markets surge propel Sensex, Nifty to one month high")
US has 'passed the peak' on new coronavirus cases, says Donald Trump
The US has over 637,000 confirmed Covid-19 cases and over 30,826 deaths, the highest for any country in the world
 "US has 'passed the peak' on new coronavirus cases, says Donald Trump")
Coronavirus pandemic eats away Goldman's profits as investment takes a hit
The Wall Street trading powerhouse on Wednesday also warned that it expects reduced revenue in its asset and wealth management businesses and a higher rate of client defaults
 "Coronavirus pandemic eats away Goldman's profits as investment takes a hit")
US taxpayers will soon get stimulus checks with Donald Trump's name on them
The paper checks are scheduled to be issued at a rate of 5 million each week until September, starting with the lowest-income taxpayers
 "US taxpayers will soon get stimulus checks with Donald Trump's name on them")
Trump says US may reopen economy before May 1; Canada not in hurry
Canada is still receiving repatriation flights for Canadians who have been stranded abroad. Trudeau said travel restrictions will remain for many weeks
Covid-19 impact: It's my decision when to reopen economy, says Trump
However, he also has said he would listen to US health experts and others in making any recommendations
 "Covid-19 impact: It's my decision when to reopen economy, says Trump")
Torn over lifting curbs, Trump faces 'biggest decision ever'
"I'm going to have to make a decision, and I only hope to God that it's the right decision," Mr. Trump said on Friday during his daily news briefing on the fight against the coronavirus
Covid-19: US already in recession; Trump accuses China of taking advantage
Economists believe the US economy of the United States entered recession in March only
 "Covid-19: US already in recession; Trump accuses China of taking advantage")
US Fed rolls out $2.3 trillion to backstop 'Main Street,' local govts
U.S. central bank says it would work through banks to offer four-year loans to companies of up to 10,000 employees and directly buy the bonds of states.
 "US Fed rolls out $2.3 trillion to backstop 'Main Street,' local govts")
World coronavirus dispatch: Estimating the impact on US, China economies
A Nikkei survey of 29 economists predicts that China's economy may contract by 3.7 per cent in Jan-March quarter.
Trump delays plan to reopen economy by mid-April amid Covid-19 warnings
Fauci softened his dire predictions at the Rose Garden briefing, saying they were based on models that were run to show the worst-case scenario if Americans did not follow stay-at-home directives
 "Trump delays plan to reopen economy by mid-April amid Covid-19 warnings")
Covid-19: Trump signs $2-trn rescue package, largest-ever US stimulus bill
The United States leads in the number of Covid-19 with 104,007 infections confirmed so far
 "Covid-19: Trump signs $2-trn rescue package, largest-ever US stimulus bill")
Trump signs $2 trn stimulus bill to cushion coronavirus impact on economy
A record three million people have applied for unemployment, the entire travel and tourism industry have come to a standstill, companies have stopped their operations
Wall Street tumbles as US coronavirus cases pass 85,000; Dow falls 4%
The Dow Jones Industrial Average slumped 4.06% to end at 21,636.78 points, while the S&P 500 lost 3.37% to 2,541.47
 "Wall Street tumbles as US coronavirus cases pass 85,000; Dow falls 4%")