Economy - /contrib/economy

In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus.

US stocks rebounded sharply on Monday, with the Dow logging its biggest point gain in history. Stocks are coming off their worst week since the 2008 financial crisis. The Dow last week dropped 12.4%, while the S&P 500 plunged 11.5%. The Dow also recorded

Dow Jones surges more than 1,200 points on hopes that central banks will act to shelter global economy from coronavirus

U.S. stocks increased dramatically on Monday as investors hoped that the Federal Reserve and other central banks would ease money in response to the slowdown in commerce generated by the coronavirus outbreak.

Federal Reserve Chair Jerome Powell on Friday said the US economy remains in solid condition although the coronavirus outbreak poses a risk and the central bank will act as appropriate to provide support. "The fundamentals of the US economy remain str

The main U.S. stock indexes are back in the red after a brief move upward in early trading.

Traders are boosting their bets on central banks cutting rates as coronavirus deaths spike, but such policy won't do much for stock markets, Seema Shah, chief investment strategist at Principal Global Investors, said Monday. Rate cuts primarily streng

People at the lowest income levels experience the most stress (50 percent of people who earn less than $15,000 and 49 percent of people who make between $15,000 and $25,000). However, the third-highest percentage of people who experience financial stress (47 percent) are people who make between

Nearly 600 family farms went bust last year, despite federal funds to blunt impact of U.S. trade war with China.

Average US Family Can't Afford A Home In 71% Of The Country More Americans are getting priced out of purchasing homes than ever, as soaring prices continue to outpace wages, according to a new report. ATTOM Data Solutions' Q4 2019 US Home Affordab

The so-called Silicon Valley Six, Amazon, Facebook, Google, Microsoft, Apple and Netflix have a combined "tax gap" (read shortfall) of more than US$100 billion this decade, according to a new analysis by British organisation Fair Tax Mark. The UK

We desperately need a return to common sense economics, but unfortunately common sense appears to be in short supply in America today.

You can certainly live a middle-class lifestyle earning less, but it won't be easy if your goal is to raise a family, save for your children's education, save for your own home and save for retirement (so you can actually retire by a reasonable ag

Even though nationwide economic numbers paint a rosy picture overall, many Americans have been left behind.

Ahead of tomorrow's nonfarm payroll report, traders are confused: do they want a strong data print, or a weak one. Recall that the reason why spoos have surged nearly 100 points in the past three days, is the Fed's admission that a rate cut is now

Companies added just 27,000 new positions during the month, according to a report from payroll processing firm ADP and Moody's Analytics that was well below Dow Jones estimates of 173,000.

Fox News host Tucker Carlson slammed Republican politicians on Wednesday for abandoning the economic nationalism that their base voted for in 2016 in order to appease the libertarian donors to whom they are beholden.

Things that used to take months or years to happen are now happening in a matter of days.

An index of home-contract signings fell for the second month out of four so far in 2019, further evidence that the hoped-for rebound in housing is going to...

Just a few days after Morgan Stanley's chief equity strategy, Michael Wilson, warned that " volatility is about to rise... a lot ", the executive director of Morgan Stanley's institutional equity trading group, Chris Metli, has sent out an