Tag: US economy

US Treasury yields rebound after weak 20-year bond auction

Yields on U.S. Treasuries rebounded for a second day on Wednesday, with a sale of 20-year government debt on the weak side, as fears of...

How to solve the mystery of falling bond yields

That probably sounds odd, since back in 2013 the taper tantrum—a bond-market panic about the Federal Reserve cutting its Treasury purchases—prompted the exact opposite reaction,...

US jobless claims tick up to 412,000 from a pandemic low

The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the...

US consumers boosted spending in April as inflation surged

Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions...

Federal Reserve says stock market boom, ‘ebullient’ investors warrant caution

Booming stocks, internet-driven “meme” investments and the black box of hedge fund financing pose increasing risks as the U.S. economy emerges from the coronavirus pandemic...

Biden administration makes pitch for higher business taxes

The Biden administration is drilling down on the argument that higher corporate tax rates would ultimately help an ailing economy, saying the resulting infrastructure investments...

US jobs data: For the economy, the present doesn’t matter. It’s all about the near future

It is generally considered bad journalistic practice to start an article this way, but it must be said: The new jobs numbers that the Labor...

$900 billion US economic relief package: A dose of support, but is it enough?

WASHINGTON: The $900 billion economic relief package that emerged from Congress over the weekend will deliver vital aid to millions of households and businesses that...

COVID-19, economic recovery, racial equality and climate change top priorities for Biden, Harris

Tackling COVID-19 pandemic, economic recovery, racial equality and climate change are the four top priorities for the Biden administration, his transition team said on Sunday,...

The economic challenge awaiting the winner of 2020 presidential race: Millions of struggling Americans

The winner of the race for the White House will face a generation of low-to-middle income Americans struggling to get back to work because of...

Joe Biden: How much Joe Biden will have to spend to revive the virus-ravaged American economy

By Paul Krugman What should Joe Biden’s economic policy be if he wins (and Democrats take the Senate, so that he can actually pass legislation)?...

A regulatory rush by federal agencies to secure Trump’s legacy

By Eric Lipton WASHINGTON — Facing the prospect that President Donald Trump could lose his reelection bid, his Cabinet is scrambling to enact regulatory changes...

Federal judge upholds Minnesota’s extended ballot counting

Minneapolis: A federal judge has upheld a Minnesota state court agreement that allows counting of absentee ballots received up to seven days after Election Day....

For Trump, defying Mideast truisms produced breakthroughs and backfires

By David M. Halbfinger, Ben Hubbard and Farnaz Fassihi JERUSALEM: He moved the U.S. Embassy in Israel to Jerusalem, breaking with those who said it...

Covid relief pushes US budget deficit to a record $3.1 trillion, largest since World War II

WASHINGTON: New, eye-popping federal budget figures released Thursday show an enormous $3.1 trillion deficit in the just-completed fiscal year, a record swelled by coronavirus relief...

US economy shrank at record-breaking 33% rate last quarter

WASHINGTON: The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter – by far the worst quarterly plunge ever – when...

View: Trump’s H-1B visa suspension may have more to it than meets the eye

US President Donald Trump’s decision to suspend work visas and pause issuance of green cards hits one country the hardest — India. His executive order...

unemployment: 33 million have sought US unemployment aid since virus hit

WASHINGTON: Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S....

Warren Buffett: ‘American magic’ will spur US economic recovery: Warren Buffett

WASHINGTON: Billionaire investor Warren Buffet said Saturday he’s confident the US economy will bounce back from its pummeling by the coronavirus pandemic because “American magic...