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Economic Report: Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
Americans increased spending in January for the first time in three months after the government sent $600 stimulus checks to families and boosted unemployment benefits as part of effort to shore up the economy......»»
It’s a new year. Is it time for a new bank? Why a strong financial partner is critical for your business
One of the important lessons businesses have learned through the disruption of 2020 is that whom they bank with matters — especially in times of crisis. When the economy shut down and the government stepped in with relief through the federal Pay.....»»
It’s a new year. Is it time for a new bank? Why a strong financial partner is critical for your business
One of the important lessons businesses have learned through the disruption of 2020 is that whom they bank with matters — especially in times of crisis. When the economy shut down and the government stepped in with relief through the federal Pay.....»»
It’s a new year. Is it time for a new bank? Why a strong financial partner is critical for your business
One of the important lessons businesses have learned through the disruption of 2020 is that whom they bank with matters — especially in times of crisis. When the economy shut down and the government stepped in with relief through the federal Pay.....»»
It’s a new year. Is it time for a new bank? Why a strong financial partner is critical for your business
One of the important lessons businesses have learned through the disruption of 2020 is that whom they bank with matters — especially in times of crisis. When the economy shut down and the government stepped in with relief through the federal Pay.....»»
The US is running out of time to stave off a depression without reopening, Jim Cramer warns
"[W]ithout more aggressive action from the federal government, we may have no choice but to reopen as the economy spirals into a depression," the "Mad Money" host said......»»
Outside the Box: The post-pandemic economy — airlines are treated as utilities, banks serve the people and the government runs a jobs program
The economy is unraveling, and families are in danger. It’s time for the government to step in as it rarely has before......»»
Calls grow for biggest infrastructure program of all time
As the corona virus batters America’s economy, construction groups are urging the government to fund more.....»»
Life Time planning to furlough 36,000 employees
Life Time Inc. is planning to furlough 90 percent of the company’s 40,000 employees. CEO Bahram Akradi went on Fox News Wednesday night and implored government leaders to set a date for when the economy can start back up. “Without having a.....»»
Beyond Rate Cuts, How Government Can Boost the Economy During a Pandemic Outbreak?
One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in China........»»
US budget deficit jumps in January, putting it on track to hit $1 trillion for first time since 2012
Reuters/Joshua Roberts The US budget deficit swelled at the beginning of 2020 even as the economy continued to grow at a steady pace. The gap between what the government spent and collected rose 25% to $389 billion in the first four months of .....»»
Hong Kong tips into recession amid protests
Hong Kong announced its economy has tipped into recession for the first time in a decade, as the financial hub braced for another weekend of anti-government protests. Lucy Fielder reports......»»
Hong Kong confirms economy fell into recession amid protests, trade war
Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war......»»
Hong Kong to unveil depth of recession amid protests, trade war
Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll......»»
As Japan frets about dearth of AI talent, Daikin develops own program
There's a sense of panic within Japan Inc and the government - the world's No. 3 economy doesn't have enough experts in artificial intelligence and it's time to do something about it......»»
Japan government downgrades economy view as U.S.-China trade war bites
Japan's government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial output......»»
After Trump tax cuts, most households give thumbs-up to US economy
A University of Michigan survey marks the first time since 2009 that most thought the government is doing a “good job.â€.....»»
Japan"s longest growth streak since the late 1980s is over
Reuters/Issei Kato Japan's economy contracted 0.2% in the first quarter, according to Japanese government data. It was the first time in nine quarters the Japan.....»»
Economic Report: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%
The surging U.S. economy was even stronger in the spring than initially reported thanks to higher government spending and business investment. And companies cashed in big time. Gross domestic product expanded at a 4.2% annual pace in the second quarter......»»
Markets Are Already Volatile. A Long Shutdown Could Make It Worse.
A short government shutdown will likely have little impact on the overall U.S. economy, but a protracted budget fight during a time of heightened market volatility could worsen an already murky outlook......»»