economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

NY’s Transit Authority Wants To Use Fed’s New Loan Initiative

NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
May 21, 2020  |  Loans

New York’s Metropolitan Transit Authority (MTA) is seeking permission to borrow from the Federal Reserve’s $500 billion Municipal Liquidity Facility (MLF) due to coronavirus-related troubles,...

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New U.S. Unemployment Claims Add Another 2.4M As Pandemic’s Total Job Losses Near 39M
New U.S. Unemployment Claims Add Another 2.4M As Pandemic’s Total Job Losses Near 39M
May 21, 2020  |  Economy

The number of workers who filed jobless claims fell slightly again last week, but the coronavirus crisis has put 38.6 million Americans on unemployment insurance...

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Pandemic Forces Peter Luger Steak House To Start Delivery, Accept Cards
Pandemic Forces Peter Luger Steak House To Start Delivery, Accept Cards
May 20, 2020  |  Delivery

It took 133 years, but New York’s Peter Luger Steak House will deliver so it can partially reopen during the pandemic, according to a CNBC...

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Coca-Cola CEO: Expect Longer-Run Economic Recovery Post-Pandemic
Coca-Cola CEO: Expect Longer-Run Economic Recovery Post-Pandemic
May 20, 2020  |  Economy

Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. Get the Full Story...

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Mortgage Bankers Association: 4.1 Million Home Loans In Forbearance
Mortgage Bankers Association: 4.1 Million Home Loans In Forbearance
May 19, 2020  |  Debt

As lenders provide relief for homeowners from the financial challenges of COVID-19, the number of mortgages on temporary postponement increased to 8.16 percent as of...

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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges
Casino Reopenings Draw In Gamblers Despite Online Gaming Surges
May 19, 2020  |  Coronavirus

Casinos in Mississippi and Louisiana are reopening this week, and visitors are traveling long distances and waiting in lines to enter the facilities, according to...

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Mnuchin, Powell Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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Jamie Dimon: Pandemic Is ‘Wake-Up Call’ For Inclusive Recovery
Jamie Dimon: Pandemic Is ‘Wake-Up Call’ For Inclusive Recovery
May 19, 2020  |  Economy

Jamie Dimon, CEO of JPMorgan Chase, said in a memo that the coronavirus pandemic has revealed weaknesses that require a bipartisan approach to correction. The...

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