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Martin Crutsinger, The Associated Press

Easing of Volcker Rule boosts U.S. bank stocks

The rule restricted banks from investing in hedge funds and private equity funds

  • June 25, 2020 June 25, 2020
  • 14:15

U.S. economy shrinks in Q1 by 5%

Worse economic news is likely on the way

  • June 25, 2020 June 25, 2020
  • 10:40

‘Tremendous’ hardship means years of central bank support, Fed says

Chairman Jerome Powell will testify before congressional committees on new report next week

  • June 12, 2020 June 12, 2020
  • 12:19

U.S. consumer spending plummets at record speed in April

Spending was down 13.6%, compared to a 6.9% drop in March

  • June 10, 2020 June 10, 2020
  • 10:27

U.S. GDP falls faster than expected in Q1

It dipped at an annual rate of 5%, higher than estimates a month ago

  • May 28, 2020 May 28, 2020
  • 09:44

Steepest monthly fall in U.S. prices since 2008

The 0.8% drop was driven by plunge in gasoline prices

  • May 12, 2020 May 12, 2020
  • 09:59

U.S. Treasury to issue 20-year bond to help with borrowing needs

Nearly US$3T is needed this quarter for rescue aid

  • May 6, 2020 May 6, 2020
  • 11:24

Decline in U.S. factory orders signals beginning of economic slide

The March decline was surpassed only by an 18.4% drop in August 2014

  • April 24, 2020 April 24, 2020
  • 10:46

Fed activates Main Street lending program

The $2.3 trillion in loans will target American households, businesses and local governments

  • April 9, 2020 April 9, 2020
  • 10:52

U.S. economy grew by 2.1% in Q4, as country braces for recession

Many economists are forecasting a record GDP decline for the second quarter of this year

  • March 26, 2020 March 26, 2020
  • 11:01