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Boston Fed president Susan Collins said the central bank will likely need to cut interest rates further, the latest in a chorus of Fed policymakers to publicly support more monetary policy easing ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Just 10 days ago, anxious markets were freaking out about the US economy ...
Economic impact of the COVID-19 pandemic, Coronavirus recession. The U.S. unemployment rate hits 14.7%, the highest since the Great Depression, mainly due to job losses from the COVID-19 pandemic. (The Washington Post) Microsoft announces a $1.5 billion investment in Italy, as part of its expansion of cloud computing services around the world.
One of Trump’s most notable policies is his tariff plans.Although the fine details have not been announced, president-elect Trump has floated various ideas, such as a 60% tariff on goods from ...
The Danish economy contracted in quarter 1 of 2020 as the GDP growth transitioned from 0.4% in quarter 4 of 2019 to -0.8% in quarter 1 of 2020 due to the deadly pandemic. Following the dip in GDP in quarter 1 of 2020, another decline came in quarter 2 as it went from -0.8% to -5.9% which resulted in a deep recession. [ 349 ]
In May 2020, Chinese Premier Li Keqiang announced that, for the first time in history, the central government would not set an economic growth target for 2020, with the economy having contracted by 6.8% compared to 2019 and China facing an "unpredictable" time. However, the government also stated an intention to create 9 million new urban jobs ...
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4:04 p.m. ET: Stocks drift lower, Dow, S&P notch 3rd straight day of losses as economy concerns linger. Here were the main moves in markets as of 4:04 p.m. ET: