economy

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

Ex-Fed Head Bernanke: Prepare For Long Recovery
Ex-Fed Head Bernanke: Prepare For Long Recovery
April 08, 2020  |  Coronavirus

It could be years before the U.S. economy rebounds from the economic impact of the coronavirus pandemic, former chair of the Federal Reserve Ben Bernanke...

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Mortgage-Extension Requests Skyrocket Nearly 2,000 Percent
Mortgage-Extension Requests Skyrocket Nearly 2,000 Percent
April 07, 2020  |  Coronavirus

The number of homeowners who asked lenders for more time to pay their mortgages increased to record levels in March, as borrowers feel the impacts...

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EU Eyes Half-Trillion Euro COVID-19 Stimulus Package 
EU Eyes Half-Trillion Euro COVID-19 Stimulus Package 
April 07, 2020  |  Coronavirus

Eurozone leaders are negotiating a deal that could deliver a half trillion euros in economic aid to help European Union countries recover from the coronavirus...

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Bank Of Finland Predicts Pandemic Will Trigger Major Recession
Bank Of Finland Predicts Pandemic Will Trigger Major Recession
April 07, 2020  |  Coronavirus

The global coronavirus pandemic has cast a dark cloud over Finland’s economy, as the central bank predicts the worst recession in over 100 years, according...

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Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
April 07, 2020  |  Economy

Before the COVID-19 pandemic, the standard narrative goes, the U.S. economy was running full steam ahead, with record employment levels, wages on the rise and...

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Singapore Loosens Banking Rules Amid COVID-19 Economic Turmoil
Singapore Loosens Banking Rules Amid COVID-19 Economic Turmoil
April 07, 2020  |  Bank Regulation

The Monetary Authority of Singapore (MAS) said on Tuesday (April 7) that it will allow banks more leeway with regulatory requirements and programs so that...

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NFIB Survey Shows SMB Optimism Slips Amid COVID-19
NFIB Survey Shows SMB Optimism Slips Amid COVID-19
April 07, 2020  |  Economy

Recent surveys and data points show that the sanguine outlook held by small and medium-sized businesses (SMBs) coming into 2020 — underpinned by rising revenues,...

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The COVID-19 Eclipse Darkens Main Street Commerce
The COVID-19 Eclipse Darkens Main Street Commerce
April 07, 2020  |  Economy

The 1918 Influenza pandemic. The Great Depression. World War II. The 9/11 attacks. The HIV epidemic of the 1980s and 1990s. Such events demarcate and...

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Rebounding From SBA’s Bumpy PPP Roll Out
Rebounding From SBA’s Bumpy PPP Roll Out
April 07, 2020  |  Loans

You could say that Friday’s (April 3) rollout of the $350 billion small business relief Paycheck Protection Program (PPP), part of the $2 trillion CARES...

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