Bleak Economy Hurt Trump Where It Mattered, and Will Test Biden
Donald Trump ran for re-election pledging to rapidly restore a pre-pandemic U.S. economy he called the best ever — and lost in part because that promise didn’t ring true in … Read More
Tag: U.S. Economy
Facebook, Twitter and VC firms consider life outside Silicon Valley as they shift to remote work
The coronavirus is reshaping the workings of Silicon Valley, the epicenter of U.S. tech culture and innovation for 70 years. Tech titans and VCs in the region have embraced remote … Read More
World Economy Gets Temperature Check Before U.S. Vote: Eco Week
Three Group of Seven interest-rate decisions along with data accounting for 40% of global gross domestic product will provide a temperature check for the crisis-disfigured world economy this week during … Read More
Fed’s Bostic Cautions That U.S. Economic Recovery Is Very Uneven
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Some parts of the … Read More
The Most Powerful Nations Influencing the Asia-Pacific During Covid
China is closing in on the U.S. as the most powerful country influencing the Asia-Pacific, as America’s handling of the Covid-19 pandemic tarnishes its reputation, a study showed. While America retained its place as … Read More
Earnings could be a positive force for stocks as Washington continues to wrangle over stimulus
Earnings roll out in the week ahead, with a burst of bank earnings, and that could be a positive force for markets. Stimulus talks will continue to be a big … Read More
Trump claims stimulus talks are back on, two days after he shut them down
President Trump said stimulus negotiators are making headway, days after his stunning decisionto shut down the deliberations. "I shut down talks two days ago because they weren't working out. Now … Read More
Empty rental apartments in Manhattan triple, nearly hitting 16,000
The number of apartments for rent in Manhattan tripled in September, with nearly 16,000 apartments sitting empty, according to data from Douglas Elliman and Miller Samuel. The vacancy rate in … Read More
As stimulus talks drag on, 'Main Street is burning': Stanford business expert
Stanford Graduate School of Business professor David Dodson says the 850,000 Covid-related bankruptcies that occurred over the summer will "look like nothing" if the federal government does not offer more … Read More
Fed’s Powell Says U.S. Economy Faces Long, Uncertain Recovery
Federal Reserve Chair Jerome Powell said the U.S. economy is improving but has a long way to go before fully recovering from the coronavirus pandemic. “Many economic indicators show marked … Read More
U.S. economy could boom in 2021 like it did in the aftermath of World War II, says Morgan Housel
Morgan Housel told CNBC the U.S. economy may be primed for a coronavirus recovery in 2021 that is most akin to the post-World War II boom. The former Wall Street … Read More
'What is the plan?' NYC restaurant owners plead for clarity on when indoor dining can resume
Restaurateurs in New York City are pleading for clarity on when they will be allowed to reopen indoor dining as the coronavirus-related prohibition continues. "The restaurant industry is going to … Read More