You Searched For "coronavirus economic relief" and got 20 results
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2 mins read
One measure of unemployment suggests Biden's $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist
The labor market has recovered far faster than in past recessions when measuring unemployment with …
Ben Winck
1 min read
Goldman Sachs boosts US GDP forecast to 6.8% in 2021 and now expects $1.5 trillion in COVID-19 stimulus
The bank is expecting President Joe Biden's COVID-19 relief package to reach $1.5 trillion, up from…
Shalini Nagarajan
3 mins read
Markets are pricing in a Biden victory and a Democratic Senate to fuel massive stimulus in 2021, JPMorgan says
"There could be some disappointment" if Republicans maintain their Senate majority and curtail Demo…
Ben Winck
2 mins read
The Fed's money-pumping efforts are driving a new economic cycle that's reminiscent of 2009, Canaccord Genuity says
The Fed's actions drove excess liquidity to record highs, but a recent reversal mirrors the trend s…
Ben Winck
3 mins read
Wall Street giants urge Congress to fast-track 'expensive' stimulus bill before recession worsens
Consumer delinquencies can quickly have "contagion effects across the banking system," Jim Millstei…
Ben Winck
2 mins read
The global economy will recover from COVID-19 faster than expected, but new stimulus is still needed, OECD says
The organization lifted its outlook for global growth to -4.5% from June's -6% estimate, noting the…
Ben Winck
2 mins read
US retail sales climbed less than expected in August as economic bounce-back slowed
August's reading marks the fourth straight monthly improvement in sales, but the indicator's recove…
Ben Winck
3 mins read
A Wall Street chief strategist explains how the shockingly quick onset of pandemic fear may have set up both the economy and stock market for a surprisingly strong 2021
A mix of government aid, household saving, and corporate efficiency "could combine to produce an un…
Ben Winck
2 mins read
A successful vaccine doesn't negate the need for more economic stimulus, Barclays says
Given the timeline of inoculation and the current US employment outlook, Barclays still expects a f…
Emily Graffeo
3 mins read
Republicans want to pass a series of standalone stimulus bills. Here's what that means, and why it's unlikely to happen.
Republicans' past piecemeal stimulus strategies fell prey to intraparty disagreements and Democrat …
Ben Winck
2 mins read
US stocks trade mixed as investors await economic-outlook speech from Fed's Powell
Fed Chair Jerome Powell is expected to reemphasize the importance of new fiscal stimulus when he sp…
Ben Winck
6 mins read
The market and Congress are locked in a high-stakes game of chicken — and who blinks first will determine where stocks go next
Who blinks first: optimistic investors expecting more stimulus, or lawmakers who don't feel urgency…
Ben Winck,Joseph Zeballos-Roig
2 mins read
'The ball is in Congress' court': Chicago Fed president ramps up calls for fiscal support as stimulus talks stall
Failing to renew aid programs like expanded unemployment benefits could be "very costly for the eco…
Ben Winck
3 mins read
Mitch McConnell says the GOP backs a 2nd round of stimulus checks in its coronavirus relief bill
McConnell's comment brings Republican legislators in line with the Trump administration and Democra…
Joseph Zeballos-Roig,Ben Winck
2 mins read
US consumer sentiment reverses rebound amid 'widespread resurgence' of coronavirus, new survey says
"Another plunge in confidence and a longer recession is likely" if Congress doesn't soon pass anoth…
Ben Winck
2 mins read
Stimulus checks spurred nearly 50% declines in pandemic-era food shortages and financial worries, study shows
The checks' deliveries even coincided with improved mental health, with recipients reporting drops …
Ben Winck
2 mins read
Billionaire investor Howard Marks says the Fed's emergency relief efforts saved the US from depression — but warns of long-term inflationary risk
"They had to do what they did. If they hadn't done the things they did, we would be talking about a…
Emily Graffeo
3 mins read
Failure to pass new small-business aid will fuel 'a wave of permanent closures,' CEOs warn in letter to Congress
Lawmakers need to extend loan availability, speed up funds' delivery, and make capital more easily …
Ben Winck
2 mins read
US stocks slip as investors wait for new coronavirus stimulus from Congress
Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin, and others are set to di…
Ben Winck
2 mins read
The Paycheck Protection Program saved up to 3.2 million jobs during the coronavirus pandemic, study says
Forgivable loans made through the program also lifted employment at eligible small businesses by 2%…