economy

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

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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St. Louis Fed: Widespread Virus Testing Needed To Reopen US Economy
St. Louis Fed: Widespread Virus Testing Needed To Reopen US Economy
April 14, 2020  |  Coronavirus

The president and CEO of the Federal Reserve Bank of St. Louis said while the coronavirus pandemic has crippled the economy, it could quickly rebound if everyone...

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House Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic
House Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic
April 14, 2020  |  Coronavirus

Three top House Democrats have asked the Federal Deposit Insurance Corp. (FDIC) to explain how the agency is preparing for a financial crisis. Get the...

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IMF Predicts COVID-19 Lockdown Will Crush Global Economy
IMF Predicts COVID-19 Lockdown Will Crush Global Economy
April 14, 2020  |  Economy

The International Monetary Fund (IMF) has warned that the “Great Lockdown” of 2020 due to the coronavirus pandemic will result in the worst worldwide recession...

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Navigating COVID-19 IV: Paycheck-to-Paycheck Life Gets More Dire By The Day
Navigating COVID-19 IV: Paycheck-to-Paycheck Life Gets More Dire By The Day
April 14, 2020  |  Coronavirus

Within a month of the announcement that COVID-19 was an official pandemic, the global economy – and America’s in particular – were already on the...

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Groupon Cuts 44 Pct Of Workforce
Groupon Cuts 44 Pct Of Workforce
April 13, 2020  |  Economy

As the coronavirus pandemic continues, Groupon plans to lay off or furlough around 2,800 employees, according to a filing with the U.S. Securities and Exchange Commission...

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10 States Plan For Restart Of US Economy
10 States Plan For Restart Of US Economy
April 13, 2020  |  Economy

As the death toll from COVID-19 topped 23,000 in the U.S. on Monday, some states are planning to reopen, according to New York Gov. Andrew...

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