Page 67 - Us Economy

US in crisis mode as coronavirus cases soar, travel restrictions loom

Hollywood has postponed the release of several movies and movie theaters around the world have been closed over the health crisis

US will loan $50 bn to small biz, defer taxes to fight coronavirus: Trump

The moves are designed to keep markets liquid and businesses and consumers spending

Coronavirus fears pull S&P 500 down 20% from record highs. What next?

For many investors, Wall Street's recent deep losses are marking the end of the longest S&P 500 bull market on record

Wall Street tumbles on lack of stimulus details, Dow Jones slips 3.1%

The benchmark S&P 500 index was 17.6 per cent below its all-time peak hit on Feb. 19

Petrol and Diesel prices cut for third straight day even as brent recovers

Petrol in Delhi now costs Rs 70.29 per litre and diesel Rs 63.01 a litre

US coronavirus stimulus: Here's what Trump, Republicans, and Democrats say

Any plan the White House introduces will need to be approved by both houses of the U.S. Congress.

Trump says coronavirus will 'go away' as pressure grows for economic relief

A steady rise in the number of US cases of COVID-19 has concerned health officials and spurred calls within Congress for action to expand testing and avert an economic meltdown

Coronavirus: Wall Street slumps, investors seek shelter in bond and gold

The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.

Wall Street losses deepen after Fed emergency rate cut over Coronavirus

It was the Federal Reserve's first emergency rate cut since the 2008 financial crisis, underscoring how grave the central bank views the fast-evolving situation

Dollar sinks after US Fed cut interest rates to battle Coronavirus

In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00 per cent to 1.25 per cent

US trade deficit fell to $616.8 billion in 2019, first time in six years

The narrowing of the US trade gap comes after a year when the deficit reached its highest level in a decade

Amid impeachment vote, Trump will focus on economic boom in annual speech

President Donald Trump plans to deliver his State of the Union address to a joint session of Congress on Tuesday

Coronavirus to have little impact on US economy, says Trump adviser

Kudlow said the Trump administration had taken a look at the outbreak of SARS in the early-2000s and found the economic impact on the United States had been negligible

Best of BS Opinion: Simplifying tax on capital, Trump economy, and more

From why life expectancy in the US has been declining to how an undefined constitutional clause has grown too big for the times, here's a selection of Business Standard Opinion pieces for the day

The truth about the Trump economy

It is becoming conventional wisdom that Trump has been good for the economy. Nothing could be further from the truth

US Fed policymakers signal broad agreement on monetary policy, economy

In their first remarks in the new year, heads of several regional Fed banks noted a strong job market, robust consumer spending and a rising optimism for a resolution to the trade tensions

That recession everyone feared just got priced out by a record stock rally

Very big years in markets rarely come right before recessions

Inequality in the US

A growing challenge has gripped society

US, China reach 'Phase 1' trade deal on Beijing promise of farm purchases

Beijing has agreed to import at least $200 billion in additional US goods and services over the next two years on top of the amount it purchased in 2017.

US needs to raise taxes to fight poverty: Nobel Laureate Abhijit Banerjee

"If you actually want to deal with poverty, happiness and anger in the US, the government will need to have more resources," Banerjee said in an interview in Stockholm on Saturday