Kevin Lamarque / Reuters The Federal Reserve on Thursday imposed new restrictions on the US banking system after its annual stress test showed that some banks may approach minimum capital levels in certain coronavirus pandemic scenarios. Banks must suspend the buyback of shares for the third quarter of the year, …
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United States President Donald Trump speaks at a joint press conference with Polish President Andrzej Duda in the Rose Garden of the White House on June 24, 2020 in Washington, DC. Drew Angerer | fake pictures WASHINGTON – President Donald Trump on Thursday launched his most direct attacks to date …
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A Dana assembly technician wears a face mask while assembling axles for automakers, as the auto industry begins to reopen amid the outbreak of coronavirus disease (COVID-19), at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters The US economy USA It contracted at a rate …
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WASHINGTON (AP) – The number of laid-off workers seeking unemployment benefits in the United States declined just last week, and the economy contracted in the first three months of the year, evidence of continued economic damage caused by the viral pandemic. The economy, which contracted 5% in the January-March quarter, …
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The International Monetary Fund warned that the continued disconnect between financial markets and the real economy could lead to a correction in asset prices. Stock markets have rebounded in recent months despite troubling real-world events. The world is grappling with the coronavirus health emergency that has claimed the lives of …
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