US Economy

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FED

U.S. Economy Shrinks by Historic 32.9%; Jobless Claims Rise Again

By Administrator_India Capital Sands The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5% contraction in the first quarter, although […]

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Business
POLITICAL NEWS

U.S. coronavirus cases top 1.5 million, infections rise in some southern states

By Administrator_India Capital Sands The number of COVID-19 cases in the United States exceeded 1.5 million on Monday, as total deaths caused by the new coronavirus approached 90,000. Most U.S. states reported a drop in new cases of the respiratory illness for the week ended May 17, with only 13 states seeing a rise in […]

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Covid-19
Economy News

White House considers more coronavirus aid as jobs picture worsens

By Administrator_India Capital Sands The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting further U.S. job losses in the coming months. Officials in President Donald Trump’s administration, including Treasury Secretary Steven Mnuchin and White […]

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