economy

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

Fed’s Powell: Path Forward Under Coronavirus Remains Uncertain

Fed’s Powell: Path Forward Under Coronavirus Remains Uncertain
Fed’s Powell: Path Forward Under Coronavirus Remains Uncertain
June 29, 2020  |  Economy

With the coronavirus still surging in the United States, Federal Reserve Chairman Jerome Powell is unsure about how the economy will fully recover, CNBC reports....

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Pending Home Sales Down In May YOY, But Rose From Last Month
Pending Home Sales Down In May YOY, But Rose From Last Month
June 29, 2020  |  Real Estate

Pending home sales continue to be sluggish, according to year-over-year data from the National Association of Realtors (NAR). Get the Full Story Complete the form...

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Nationwide Insurance Chief Economist Encourages Conditional Retail Forecasts
Nationwide Insurance Chief Economist Encourages Conditional Retail Forecasts
June 29, 2020  |  Retail

Retailers looking for the shape of an economic recovery have had several letters to choose from. There’s the “hoped for” V-shaped recovery that heralds a...

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San Francisco To Delay Next Wave Of Reopenings Amid COVID Spike
San Francisco To Delay Next Wave Of Reopenings Amid COVID Spike
June 28, 2020  |  Economy

San Francisco’s planned next phase reopening scheduled for Monday (June 29) for outdoor bars, hair salons, museums and more has been put on hold. Get...

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Consumer Spending Spree Now Tempered By Coronavirus Concerns
Consumer Spending Spree Now Tempered By Coronavirus Concerns
June 26, 2020  |  Economy

U.S. consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the...

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SE Asia’s East Ventures Looks To Back Startups With $88M Fund
SE Asia’s East Ventures Looks To Back Startups With $88M Fund
June 26, 2020  |  Investments

Singapore-based early stage tech investment firm East Ventures has targeted a new fund intending on benefiting businesses hurting from the coronavirus pandemic, Bloomberg reported. Get...

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Texas Halts Reopening Plans As COVID Cases Spike
Texas Halts Reopening Plans As COVID Cases Spike
June 25, 2020  |  Economy

As coronavirus cases spike in Texas, the state’s officials have walked back their reopening plans for the state, CNBC reported. Get the Full Story Complete...

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Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
June 25, 2020  |  Banking

The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of...

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