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2 mins read
US retail sales climb the most since June as stimulus boost ends losing streak
The reading beat the median economist estimate of 1% growth and snapped a 3-month streak of contrac…
Ben Winck
3 mins read
US economy adds 379,000 payrolls in February, smashing forecasts as virus cases tumble
Friday's blowout jobs report showed the US added nearly double the payrolls expected by economists …
Ben Winck
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
2 mins read
Janet Yellen isn't likely to immediately revive the Fed's expired relief programs, report says
Five lending facilities expired at the end of last year after the Treasury called on the Fed to ret…
Ben Winck
2 mins read
A financial crisis could emerge from the coronavirus's lingering fallout, World Bank chief economist says
What began as a health crisis is creating "your classic balance sheet problems" for businesses, hou…
Ben Winck
2 mins read
US consumer comfort tumbles to lowest point since July as COVID-19 surge cuts further into recovery optimism
A gauge tracking Americans' views of their finances slid to 55.9 from 58.1, its lowest since late M…
Ben Winck
2 mins read
The coronavirus recession is almost over, Wall Street strategists say
New coronavirus variants don't pose a significant threat to the US and the pandemic can "effectivel…
Ben Winck
4 mins read
US economy misses forecasts, adds 49,000 payrolls in January as daily virus cases peak
The Friday report marked a rebound from December, when the US labor market snapped a seven-month st…
Ben Winck
10 mins read
How the pandemic upended the US job market in 2020, leaving permanent scars in its wake
Just over half of the 22 million US jobs lost during the pandemic have been regained, but lasting s…
Ben Winck,Juliana Kaplan
2 mins read
The most effective stimulus bill will boost unemployment benefits and PPP in order to drive economic growth, JPMorgan says
PPP loans were fairly ineffective earlier in the year, but vaccine rollouts can transform the progr…
Ben Winck
6 mins read
These Indian states have seen the worst economic impact due to the COVID-19 pandemic
The coronavirus lockdown hasn’t been easy on India or its 29 states and seven union territories (UT…
2 mins read
US small-business optimism tumbles to 7-month low as COVID-19 restrictions curb activity
Small businesses were hit by the double whammy of Trump's election loss and the increasingly dire p…
Ben Winck
3 mins read
The stimulus-plan compromise backed by top Democrats scraps a fresh wave of $1,200 direct payments that economists want
A group of 127 economists said in a late-November letter that the absence of new payments could pro…
Ben Winck,Joseph Zeballos-Roig
1 min read
One alarming chart shows virus cases spiked soon after initial stimulus efforts were exhausted
Key elements of the CARES Act expired in July, just as US virus cases surged and the pace of econom…
Ben Winck
4 mins read
4 jarring signals that show the US economic recovery is weakening
Several cities have reinstated lockdown measures to curb the coronavirus's spread. Yet the restrict…
Ben Winck
2 mins read
US Chapter 11 bankruptcies surged to a decade-high in the 3rd quarter as stimulus dried up
Nearly 40% of the quarter's bankruptcy filings originated in the Southeast, where virus outbreaks r…
Ben Winck
2 mins read
US retail sales rose less than expected in October as the economic recovery slowed
The reading marks a sixth straight monthly improvement, although its still a sizable drop from Sept…
Ben Winck
2 mins read
Bank of America lifts its forecast for US economic growth on hopes for sweeping Biden-backed stimulus
The bank's economists expect stronger consumer spending to boost US GDP by 4% in the first quarter …
Ben Winck
5 mins read
Wall Street is beginning to say stimulus probably won't spark dangerous inflation
Joe Biden's stimulus will likely lift inflation, but a larger increase is likely needed to hit the …
Ben Winck,Nick Lichtenberg
2 mins read
US consumer spending leaps as late-December stimulus hits households, Bank of America says
Credit- and debit-card spending gained overall but was considerably higher for those earning less a…