Posted in coronavirus Economy Federal Reserve FOMC interest rates

Fed Leaves Rates Unchanged Near Zero, Says Path of Economy Depends on Virus

The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.

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Posted in CARES Act Cares Act II coronavirus Economy Mitch McConnell Politics Senate

Republicans Delay Release of Coronavirus Relief Plan

Plans to release the coronavirus relief proposal fell apart Thursday afternoon.

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Posted in Black Lives Matter deflation Economy Inflation PPI prices producer price index Social Justice

Margins Plunge in Coronavirus and Black Lives Matter Retail Crunch

Margins were squeezed in June as the economy grappled with an unsteady reopening, rioting, and widespread social unrest.

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Posted in Economy Politics

Watch: Goya Foods CEO Bob Unanue Says ‘We Are All Truly Blessed’ to Have Trump as President

“We are all blessed to have a leader like President Trump, who is a builder,” Unanue said in a brief speech at the White House.

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Posted in Donald Trump Economy Politics Supreme Court

Trump Loses Bid To Shield Financial Records From Grand Jury

The Supreme Court ruled in favor of a grand jury subpoena requiring an accounting firm to turn over Trump’s financial records.

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Posted in coronavirus Donald Trump Economy Jobs Paycheck Protection Program Politics steven mnuchin

Carney: Media Outraged Because Coronavirus Loans Worked

The Trump administration’s signature relief program for small businesses came under relentless assault and media-manufactured outrage this week after the Treasury Department released the names…

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Posted in coronavirus Economy Jobs Paycheck Protection Program Politics unemployment

Carney: Why We Cannot Afford to End Coronavirus Relief Now

In the months ahead, the economy will still need extraordinary aid to grow in the face of the pandemic’s destructive force.

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Posted in CARES Act coronavirus Economy health Politics stimulus

Trump Supports Bigger Direct Coronavirus Relief Payments to Americans

The CARES Act authorized $1,200 relief payments to Americans. Now Trump says he wants to go bigger.

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Posted in Bonds Economy health Stocks

Stocks Skid on Virus Surge

U.S. stocks dropped 2.6 percent on Wednesday as fears that rising infections could hurt the economy took hold….

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Posted in Black Lives Matter BLM coronavirus Economy George Floyd health Politics protests

Increased Social Distancing to Avoid Protests May Have Held Down Coronavirus Infections: Study

Even though the marches may have increased infections among protesters, overall infections did not rise because others increased social distancing.

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Posted in apartment Economy Rents

Shock: Nearly 9 in 10 Apartment Dwellers Paid Rent in May

Contrary to grim forecasts, rent shortfalls across the country have not come to pass. About as many Americans are paying rent as were last year.

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Posted in Economy manufacturing New York NY Fed

New York Manufacturing Business Optimism Hits Highest Level in a Decade

The outlook for business conditions in New York turned sharply higher in June, indicating the highest level of optimism in more than 10 years.

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Posted in djia Dow Jones Industrial Average Economy Stocks

Stocks Tank Over Second Wave Virus Worries

The worst sell-off since the coronavirus panic of March.

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Posted in CPI Economy Inflation PPI prices

Inflation Data Shows Massive Disruptions to U.S. Food Supply and Demand

Beef prices jumped 69 percent in May, according to the Producer Price Index.

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Posted in Black Lives Matter Economy Minnesota Freedom Fund NAACP Politics Social Justice woke capitalism

$454 Million: Corporate America Floods Social Justice Causes with Cash amid Floyd Protests

Hundreds of millions of dollars of corporate cash has flooded into the coffers of social justice organizations in the wake of the George Floyd protests.

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