May 14, 2020
“The federal government has spent more money and run a larger deficit in the first seven months of fiscal 2020 (October through April) than in any previous year, according to the data published today in the Monthly Treasury Statement. In fact,… Continue Reading…
May 12, 2020
“The U.S. economy will come roaring back to life after the COVID-19 pandemic caused the deepest contraction of the post-World War II era, according to one Wall Street strategist… “We will see a V-shaped recovery for two reasons – the historic steepness of the… Continue Reading…
May 12, 2020
“Prices Americans paid for eggs, meat, cereal and milk shot higher in April as people flocked to grocery stores to stock up on food… The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April,… Continue Reading…
May 6, 2020
“Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP. In all, the decline totaled 20,236,000 — easily… Continue Reading…
May 5, 2020
“The number of people seeking to have mortgage payments paused or reduced rose to 7.5% as of April 26 from 7.0% a week earlier as the economic effects of the novel coronavirus outbreak stretched household finances, figures from the Mortgage… Continue Reading…
May 4, 2020
“Ohio Gov. Mike DeWine spoke Sunday with “Fox & Friends Weekend” host Pete Hegseth on his plans to reopen the state’s economy gradually, after he rolled back stay-at-home orders and lifted several statewide restrictions. “We’ve been able to flatten the curve,” DeWine, a Republican, said. “Our hospital admissions… Continue Reading…
May 1, 2020
“The average rate for a 30-year loan was 3.23%, down from 3.33% last week and the lowest in almost 50 years of data-keeping, Freddie Mac said in a statement Thursday. The previous record was 3.29%, reached in early March. The… Continue Reading…
April 30, 2020
“First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday. Economists surveyed by Dow Jones had been looking… Continue Reading…
April 29, 2020
“Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected the… Continue Reading…
April 28, 2020
“The economy could take one to two years to rebound to full strength and the Federal Reserve and Congress, having already committed historic sums to fight the coronavirus pandemic, will have to commit trillions more, according to respondents to the… Continue Reading…
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