Tag Archives: economic news

Fed Beige Book reports first negative impact of coronavirus on U.S. economy

Fed Beige Book reports first negative impact of coronavirus on U.S. economy

The outlook: The coronavirus outbreak was starting to have an impact on the U.S. economy, especially the travel and tourism industry, according to the Federal Reserve’s Beige Book report released Wednesday. The report, a collection of anecdotes from the central bank’s business contacts around the country, found worries that manufacturing …

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U.S. stock futures point to further sharp declines as Asia follows Wall Street plunge

U.S. stock futures point to further sharp declines as Asia follows Wall Street plunge

U.S. stock futures fell sharply on Friday, a day after major benchmarks pushed into correction territory as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy. How are major benchmarks trading? Dow Jones Industrial Average futures …

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Goldman Sachs warns of imminent risk for stocks due to complacency on coronavirus

Goldman Sachs warns of imminent risk for stocks due to complacency on coronavirus

Stocks look ready to take a breather and you can blame that on some fresh coronavirus worries. Japan reported two deaths from a cruise ship and South Korea told 2.5 million people to stay home following its first casualty. While investors may be tired of hearing how virus-complacent they are, …

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Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts

Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts

WASHINGTON—President Trump is expected to release a $4.8 trillion budget Monday that charts a path for a potential second term, proposing steep reductions in social-safety-net programs and foreign aid and higher outlays for defense and veterans. The plan would increase military spending 0.3%, to $740.5 billion for fiscal year 2021, …

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Labor Gains and Pains – WSJ

Labor Gains and Pains - WSJ

Workers put up support scaffolding on the side of a building in Washington, D.C. Photo: andrew caballero-reynolds/Agence France-Presse/Getty Images Friday’s labor report for January was better than expected coming amid China’s coronavirus outbreak that is causing global economic uncertainty. The jobs growth trend is a testament to the U.S. economy’s …

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