The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus. The move was the first such cut since December 2008, MORE
The Dow Jones suffered again Friday morning, plunging over 900 points, on uncertainty over the spread of the coronavirus. The S&P 500 and the Nasdaq were both down by nearly 2%, and the Dow registered MORE
Stocks fell sharply once again on Thursday as investors worried the coronavirus may be spreading in the U.S. A slew of corporate and analyst warnings also dragged down the major averages. The Dow Jones Industrial Average plummeted MORE
Investors are proving increasingly worried about the coronavirus and its effects, renewing anxieties of recession. Health officials have now warned it is only a matter of time before the virus becomes a public health threat MORE
Stocks fell sharply on Monday as the number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading. The Dow Jones Industrial Average traded 979 points lower MORE
“The overall evidence of the report as we see it is that three years into the Trump administration the U.S. economy continues to outperform pre-2016 election expectations,” –Tomas Philipson, acting chairman of the White House MORE
Monday marked the eleventh anniversary of the signing of the American Recovery and Reinvestment Act (2009). President Obama tweeted about how the Recovery Act helped get our economy out of a ditch and created ‘the MORE
Nonfarm payrolls surged 225,000 for the month, well above Wall Street estimates for a 158,000 gain. The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increased 0.2 MORE
Key Points: Speaking at a press briefing at the World Economic Forum in Davos, Switzerland, Mnuchin was asked whether the world’s largest economy needed to completely and immediately divest from fossil fuels. “Is she the MORE
JBS is controlled by Wesley and Joesley Batista, sons of the company's founder. In 2017, as part of a plea deal, the brothers admitted bribing hundreds of politicians. “It was the rule of the game," MORE
The U.S. jobs market ended 2019 on a sour note, with December’s payroll and wage growth missing expectations, according to Labor Department figures released Friday. Nonfarm payrolls increased by just 145,000 while the unemployment rate MORE
The Federal Reserve conducted a study and concluded Trump’s tariffs fueled job loss throughout the ailing manufacturing industry and increased input costs. In 2016, Trump campaigned on saving and creating manufacturing jobs. For the first MORE
Source: New York (CNN Business)Boeing’s ousted CEO Dennis Muilenburg left behind a long list of problems at Boeing, but he’s walking away with a sizable golden parachute. The exact amount of money that he will MORE
On Friday, he (Trump) boasted “Trump stock market rally is far outpacing past U.S. presidents,” and he vowed that the “BEST IS YET TO COME!” Trump is making the economy and stock market a key MORE
Axios has come out with a new report that claims American workers are forced to train their foreign replacements. The report focus primarily on AT&T. “Opponents of job outsourcing are making a holiday-season appeal to MORE
President Trump‘s tariffs on imports — meant to boost the economy — ultimately led to job losses and higher prices, a new study from the Federal Reserve has found. Source: The US and China are still “world’s apart” MORE
Earlier this month, John Deere announced another 57 workers at the Davenport plant would be laid off, effective 6 January. According to a company spokesperson, 23 workers in Des Moines were terminated as well, effective 15 MORE
Congress has passed an annual defense authorization bill following a vote in the Senate on Tuesday that includes a provision that creates a new space force branch of the armed services and provides all federal workers with MORE
31 counties accounted for a third of the U.S. economy last year Source: 32.3% of U.S. gross domestic product was concentrated in just 31 counties in 2018, according to government data reviewed by Bloomberg. Why it MORE
House Democrats’ bill to lower drug prices would raise wages for people on employer-sponsored health insurance by $116 billion over 10 years, according to the Congressional Budget Office (CBO) CBO and JCT estimate that Title I would increase these taxable wages and salaries for people on employment-based health insurance (not counting those in the Federal Employees ir”utttr Benefiis program) MORE
In a nutshell: Nonfarm payrolls surged by 266,000 in November, better than the 187,000 expected by economists polled by Dow Jones. The unemployment rate ticked down to 3.5% from 3.6%, back to the 2019 low MORE
General Motors announced a joint venture Thursday with South Korea-based LG Chem to manufacture electric vehicle batteries in northeast Ohio, a significant step for the nation’s largest automaker in its bid to electrify its future MORE
According to Reuters, stocks will open lower Tuesday because of Trump’s new tariffs imposed on both Argentina and Brazil. Asian shares tumbled on Tuesday after U.S. President Donald Trump stunned markets with tariffs against imports MORE
An ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers MORE
Almost 40% of farm profits this year are expected to come from federal assistance, including the trade programme, according to the American Farm Bureau.
But the payments have stirred controversy as the biggest, richest farms – including some foreign-owned firms – collect a majority of the relief. Lobby groups also maintain farmers want markets, not subsidies. MORE