economy

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

Prediction: A Surge Of Bankruptcies Is Coming

Economists Recommend More Lenient Terms For Main Street Lending Program
Economists Recommend More Lenient Terms For Main Street Lending Program
June 18, 2020  |  Loans

A pair of former Federal Reserve economists said they think the government should ease the rules on who can participate in the U.S.’s Main Street...

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US Jobless Claims Down, But Still Above 1.5M 
US Jobless Claims Down, But Still Above 1.5M 
June 18, 2020  |  Economy

Unemployment claims fell slightly to 1.5 million last week, the 11th consecutive week the jobless numbers have declined, but higher than economists expected, according to...

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Powell Urges Congress Not To Pull Back On Stimulus Efforts
Powell Urges Congress Not To Pull Back On Stimulus Efforts
June 17, 2020  |  Economy

As lawmakers battle over another stimulus package, Federal Reserve Board Chairman Jerome Powell told Congress a recovery would be at risk if federal relief is...

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Home Construction Rebounds In May, But Trouble Lingers
Home Construction Rebounds In May, But Trouble Lingers
June 17, 2020  |  Economy

For the first time since U.S. home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to...

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Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic Damage
Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic...
June 17, 2020  |  News

In today’s top news, many jobless Americans can’t afford to seek medical care, and the Fed’s Jerome Powell said the economy is far from a...

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FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
June 17, 2020  |  Bank Regulation

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year,...

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Powell: US Faces Long-Term Damage As Downturn Persists
Powell: US Faces Long-Term Damage As Downturn Persists
June 16, 2020  |  Economy

Federal Reserve Chair Jerome Powell said Tuesday (June 16) that the economy under the pandemic has continued to cause pain to American citizens despite the appearance...

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