Initial jobless claims for the week that ended Dec. 12 were up 23,000, hitting a high of 885,000 versus 853,000 expected, the U.S Department of Labor reported on Thursday (Dec. 17). The new numbers are roughly four times greater than new claims before the pandemic....
The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4 percent, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Americans see both good and bad economic times ahead, with consumers predicting the highest jump in household spending in more than four years, even as the largest share since 2013 think they’ll be worse off this time next year, New York Federal Reserve figures show....
Berkshire Hathaway Chairman Warren Buffett is calling on Congress to provide more Paycheck Protection Program (PPP) loans to small businesses to help them survive the pandemic slowdown, which he likened to “an economic war.” Get the Full Story Complete the form to unlock this article...
The efforts to pass a new stimulus bill are still ongoing, with lawmakers possibly deciding soon on a $908 billion bill, but a sticking point has arisen in the lack of new individual checks, CNBC reported. Get the Full Story Complete the form to unlock...
In some ways, there was only one global story that mattered this year. The pandemic was the common element in every economic look back or for that matter, any look forward. But regardless of what country is being discussed, there were some common themes this...
American lawmakers, after months at an impasse over what would be included in a stimulus bill, have decided to split the bill into two separate proposals, CNN reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 trillion, as stock portfolios and real estate prospered, according to a report from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
An increasing number of Americans were forced out of work as new coronavirus cases reached record-breaking levels. New jobless claims surged 137,000 over last week’s revised totals, hitting 853,000, the U.S. Department of Labor Department (DOL) reported on Thursday (Dec. 10). Get the Full Story...
