economy

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

Executives Call For More COVID-19 Testing In Meeting With President Trump
Executives Call For More COVID-19 Testing In Meeting With President Trump
April 15, 2020  |  Coronavirus

Business leaders reportedly said in a meeting of President Donald Trump’s task force on opening the economy that the administration would have to greatly grow...

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Fed: US Production Sees Biggest Decline Since 1946
Fed: US Production Sees Biggest Decline Since 1946
April 15, 2020  |  Economy

The COVID-19 has taken a dramatic toll on U.S. manufacturing as production has dropped to its lowest level since World War II, according to a...

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India’s PM Modi Eases IT Rules While Prolonging Lockdown 
India’s PM Modi Eases IT Rules While Prolonging Lockdown 
April 15, 2020  |  Coronavirus

Speaking in a televised address on Tuesday (April 14), India’s Prime Minister Narendra Modi said he is prolonging the countrywide lockdown until May 3 but...

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St. Louis Fed Pushes For Mass Testing Over Quarantine
St. Louis Fed Pushes For Mass Testing Over Quarantine
April 15, 2020  |  Coronavirus

James Bullard, president of the St. Louis Federal Reserve, estimated that the quarantine is costing the U.S. economy $25 billion each day and while the...

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COVID-19 Update: Austria Allows SMBs To Reopen; Harvard Implements Spending Freeze
COVID-19 Update: Austria Allows SMBs To Reopen; Harvard Implements Spending Freeze
April 14, 2020  |  Coronavirus

Austria is letting shops open again as it relaxes its coronavirus lockdown, while universities in the U.S. are taking measures to combat the economic impacts...

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Fed Officials Explore Ways To Reopen US
Fed Officials Explore Ways To Reopen US
April 14, 2020  |  Economy

U.S. Federal Reserve officials are facing a two pronged problem, Reuters reported: How do they reopen the economy while also making sure the coronavirus doesn’t...

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JPMorgan CEO: US Workers May Head Back To Jobs In June
JPMorgan CEO: US Workers May Head Back To Jobs In June
April 14, 2020  |  Economy

JPMorgan Chase CEO Jamie Dimon said he doesn’t think the world is ready to start bringing workers back into their offices until June at the...

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Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
April 14, 2020  |  Economy

Goldman Sachs‘ new prediction is that the economic fallout from the coronavirus pandemic will end up four times worse than the recession from 2008-09, but...

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Pandemic Set To Further Erode EU Banks’ Profitability
Pandemic Set To Further Erode EU Banks’ Profitability
April 14, 2020  |  Banking

The European Union (EU) has enough liquidity to stay afloat during COVID-19, but profitability could sink as the pandemic worsens, according to the European Banking...

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