WASHINGTON (Reuters) – US consumer prices rose the most in nearly eight years in June when companies reopened, but the underlying trend suggested that inflation would remain silent and allow the Federal Reserve to continue to inject money into the economy. In crisis. FILE PHOTO: A merchant works inside his …
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SAN FRANCISCO (Reuters) – As the United States prepares for presidential, congressional and local elections in November, the country’s economy is also on a roller coaster. FILE PHOTO: Information signs are seen at the Destiny USA shopping center during the reopening, as restrictions on coronavirus disease (COVID-19) are eased in …
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Treasury Secretary Steve Mnuchin with the national debt signage in the background. Tom Williams | CQ Roll Call | fake pictures The federal government incurred the largest monthly budget deficit in history in June, as spending on programs to combat the coronavirus recession exploded as millions of job losses reduced …
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Tulsa, Oklahoma is an oil industry city with a 75 foot (23 m) statue called “The Golden Driller”. Austin, Texas is a progressive city in a conservative state with a thriving software industry and a “Keep Austin Weird” counterculture image. These two very different cities have one thing in common: …
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SINGAPORE (Reuters) – Singapore’s trade-dependent economy fell into recession in the second quarter with a record contraction, signaling a global first semester globally and an equally challenging outlook as the coronavirus crisis comes at a high cost in business and demand. Gross Domestic Product (GDP) fell a record 41.2% in …
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