St. Louis Federal Reserve Bank President James Bullard weighs in Minneapolis Federal Reserve President Neel Kashkari is urging Congress to be “aggressive” with economic assistance in order to boost the United States’ recovery from the coronavirus pandemic. “I’m seeing, especially on the small business front, I mean, some sectors of the […]
Economic
White House’s line on economic aid descends deeper into incoherence
It was six days ago when Donald Trump, after weeks of confusing and contradictory messages, announced that he was pulling the plug on bipartisan talks on an economic aid package. White House officials said the process was over and negotiations would not begin anew before the elections. It was four […]
The lockdowns’ greater economic impact
The differential impacts of the pandemic and its lockdowns are now unmistakable. Originally, the pandemic, lockdowns and recession so closely overlapped that it was possible to mistake cause for effect. Only as they have extended and altered, has the true relationship become distinguishable: The lockdowns’ have had the greater economic […]
Biden will build on his economic populist message in Ohio on Monday.
Joseph R. Biden Jr. will continue promoting his economic message to “Build Back Better” in a trip to Ohio on Monday, where he will deliver remarks in Toledo before a visit to Cincinnati. It was a message he pushed over the weekend, swinging through a county in Pennsylvania that voted […]
‘Drastic rise’ in Malawi’s suicide rate linked to Covid economic downturn | Global development
One Tuesday morning in March, 48-year-old farmer Lokoliyo Bwanali set off for his maize plot. He never came back. Neighbours discovered his body later in the small field where he had poisoned himself. “The wife of the deceased said her late husband was under pressure from creditors and was failing […]
IMF upgrades economic forecast but warns of long-term coronavirus damage
The global economy may take a smaller hit from the coronavirus recession in 2020 than was once expected but faces significant long-term challenges that will likely widen inequality, the International Monetary Fund (IMF) said Tuesday. In a set of new projections, the IMF slightly upgraded its outlook on the 2020 economic […]
Here are 3 things to watch for as earnings season kicks off amid continued economic recovery, according to LPL
Drew Angerer/Getty Images With earnings season set to officially kick off on Tuesday, LPL is out with a list of three things to watch for in company results. LPL expects management teams to instill confidence in investors as an economic recovery from COVID-19 is well underway. “Mostly better-than-expected economic […]
India needs to revive jobs that were lost to coronavirus pandemic
SINGAPORE — India needs to restore purchasing power in rural and urban areas for growth to pick up again, an economist said Monday. To do that, New Delhi has to revive jobs that were lost due to the pandemic through both an existing rural employment guarantee scheme and by introducing […]
Nobel economics prize awarded to Milgrom and Wilson for auction theory work – as it happened | Business
A Jobcentre Plus in London. Photograph: Yui Mok/PA Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Britain faces a surge in unemployment before Christmas, economists fear, as business struggle under lockdown restrictions and the government prepares new rules for […]
Lead Generation Solutions During Economic Hardships
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Jessica is a digital expert & founder of Valux, LLC, a digital marketing company that helps businesses complete the digital transformation. getty It’s no secret to businesses of all sizes that the Covid-19 pandemic has been detrimental to the economy’s health. We’re facing the worst economic recession since the Great Depression. […]
Dawn breaks on a new age of economic thinking
The deepest economic crises are also crucibles for new economic thinking. The Depression led to Keynesian macroeconomics. The second world war cemented support for the welfare state and the mixed economy. The inflationary 1970s and the oil shocks propelled free-market ideas to power. We should expect the coronavirus pandemic, which […]
Ireland Lays Out $21 Billion Plan to Counter Virus, Brexit
(Bloomberg) — Ireland’s government unleashed a record package of budget measures to counter the dual threats of Brexit and the pandemic, as new restrictions threaten to derail a nascent economic recovery. © Bloomberg Shoppers walk along Donegall Place in view of the Belfast City Hall in Belfast, Northern Ireland, U.K., […]
Visa: Huge Upside As Global Economic Activity Recovers From Pandemic (NYSE:V)
Visa (V) is one of my favorite buy and hold forever stocks that seems to get lost in the mix recently. As investors patiently await the Q3 earnings season to determine economic recovery from COVID-19, I still remain extremely bullish on Visa stock. Reuters reported Visa transaction volume has recovered […]
Japan’s Suga to Order New Economic Stimulus as Early as November, Nikkei Says | Investing News
TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga will order his government to compile extra economic stimulus measures as early as November, the Nikkei newspaper reported on Tuesday. The move would signal the government’s readiness to deploy more support to cushion Japan’s economy from the significant disruption to consumers and […]
Indonesia c.bank holds rates, stresses QE for economic support
By Gayatri Suroyo and Fransiska Nangoy JAKARTA, Oct 13 (Reuters) – Indonesia’s central bank kept interest rates steady on Tuesday, holding fire for a third straight meeting to avoid adding pressure to a falling rupiah but reiterated its pledge to use quantitative easing measures to support the economy. Bank Indonesia […]
Japan’s Suga to order new economic stimulus as early as November, Nikkei says
TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga will order his government to compile extra economic stimulus measures as early as November, the Nikkei newspaper reported on Tuesday. FILE PHOTO: Yoshihide Suga speaks during a news conference following his confirmation as Prime Minister of Japan in Tokyo, Japan September 16, […]
Asia Leading The Economic Recovery As Western World Still Hunkering Down
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NYC Mayor Bill de Blasio greets a student at Public School 188 on September 29, 2020 in Manhattan. A … [+] week later, he said he will close schools and non-essential business in 9 zip codes. (Photo by Spencer Platt/Getty Images) Getty Images Asian manufacturing, led by China and India, […]
Brexit disruption to firms ‘unavoidable’ with worst to come
Prime minister Boris Johnson. Photo: Justin Tallis/AFP via Getty Images UK firms risk collapse on a “significant” scale if Brexit leaves them struggling to raise cash in the sectors most exposed to trade disruption, a think tank has warned. A new report by the Institute for Fiscal Studies (IFS) sounds […]
Trump’s economic advisor was caught on camera slamming the president’s ‘crappy’ debate performance
© Samuel Corum/Getty Images Stephen Moore. Samuel Corum/Getty Images Stephen Moore, a senior economic advisor to President Donald Trump, was filmed slamming Trump’s performance at the presidential debate last month. In footage published by HuffPost, Moore said at an event in Washington organized by a pro-Trump group that Trump’s performance […]
Trade, Saving And An Economic Disaster
The UK is running a trade surplus. No, really, I am not joking. This is from the ONS’s latest trade statistics release: The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew […]