recession
Tech Futures Slip Ahead of Fed Meeting
Technology companies led losses among U.S. stock futures as investors awaited the Federal Reserve’s latest economic outlook and any signals on interest rates and bond purchases for the next few years. Futures tied to the tech-heavy Nasdaq-100 slipped 1.3%, while S&P 500 futures fell 0.4%. Contracts tied to the Dow Jones Industrial Average were relatively …
U.S. Economy Shrank at 4.8% Pace in First Quarter
WASHINGTON—The U.S. economy shrank at a 4.8% pace in the first quarter as the coronavirus spread, the steepest contraction since the last recession. The steep drop in first quarter U.S. gross domestic product, the broadest measure of goods and services produced across the economy, indicated the economy is sliding toward a near-certain recession and signaled …
Many Student Loan Borrowers Getting a Break Amid Virus Crisis – NBC Bay Area
Americans collectively hold a staggering $1.6 trillion in student loan debt, and only half were paying it down — before the coronavirus crisis and recession hit. In what is surely welcome news for borrowers nationwide, many will be getting a break on those balances. The U.S. Department of Education, which oversees federally-backed student loans, says …
US death toll; recession fears; election day
President Donald Trump took a remarkably different tone Monday about the increasing threat of coronavirus, warning the country that restrictions — like limiting gatherings to 10 people and massive school closures — could stretch into July or August. “If everyone makes this change or these critical changes and sacrifices now, we will rally together as one nation and …
Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market
The old saw used to be that when the U.S. sneezes, the rest of the world catches a cold. Now, a more apropos adage for market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession. Indeed, recession fears resurfaced …
Health care jobs will keep US labor market going even in recession
iStock/AlexRaths As long people continue to get sick and need care, the sector will blossom. That’s what’s making it immune to outside shocks like a recession or a government efforts to reform the industry. iStock/AlexRaths As long people continue to get sick and need care, the sector will blossom. That’s what’s making it immune to …
Hong Kong protests plunge city into recession
Hong Kong plunged into recession in the third quarter, according to official data released Thursday. The economy shrank 3.2% during the three months to September, compared to the previous quarter. That’s a sharp slowdown from the 0.5% contraction recorded in the second quarter, and much worse than economists had expected. With no immediate resolution to …
The Fed’s Next Test Is Breaking the Ice Over Policy Shift
WASHINGTON—As the economic recovery evolves from forecast to reality, the Federal Reserve will face a question that has vexed it in the past: how to signal its eventual tightening of the money spigot. The process of ending the Fed’s giant bond-buying program, and subsequently raising interest rates, will take years unless inflation unexpectedly surges. Its …