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Fate Of Pandemic Funds Sparks Unusual Dispute Between Treasury And Federal Reserve
By: Jim Zarroli | NPR
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The Fed is pushing back against a request from Treasury to wind down emergency lending programs set up in the wake of the coronavirus.
It’s Nice To Be Rich: Wall Street Is Raking In Profits In The Stock Market
By: Jim Zarroli | NPR
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The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it’s raking in money on trades.
Despite Job Boom, More Men Are Giving Up On Work
By: Jim Zarroli | NPR
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The long economic recovery has brought unemployment to historic lows. But the number of men in the labor force during their prime working age has dropped significantly over the past 50 years.
A Decade After A Fearful Market Hit Bottom, Stock Bulls Continue Historic Run
By: Jim Zarroli | NPR
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The S&P 500 has seen a nearly fivefold increase since the depths of the Great Recession. But some analysts say the bull market may have gone on too long, encouraging investors to take more risks.
U.S.-China Trade Deal Phase 1 Is Here; December Tariffs Are Scrapped
By: Jim Zarroli | NPR
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China says the deal would cover intellectual property protections and currency manipulation, but no details have been released.
Deepening Fears About The Global Economy Send Stocks Falling Again
By: Jim Zarroli | NPR
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Stocks resumed their slide, amid escalating fears that the U.S.-China trade war will further damage a worldwide economy that’s already slowing. Central banks in Asia and New Zealand cut rates.
Trump’s Threats To Raise Tariffs On China Send Markets Falling
By: Jim Zarroli | NPR
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China and the U.S. are scheduled to continue trade talks in Washington this week, but President Trump’s threat has blindsided Beijing, a trade analyst says.
Trump Sues 2 Banks To Block Democrats From Investigating His Finances
By: Jim Zarroli | NPR
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The lawsuit seeks to prevent Deutsche Bank and Capital One from responding to subpoenas from two House panels seeking personal financial documents related to the president, his family and his company.
CEOs Of Big Banks Face Tough Questioning Over Their Pay
By: Jim Zarroli | NPR
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The House Financial Services Committee is grilling executives from seven banks Wednesday about overdraft fees and executive pay. The hearing comes 10 years after the financial crisis.
Report: The Trade Deficit Is Only Getting Wider
By: Jim Zarroli | NPR
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President Trump has pushed tariffs to cut the trade gap. But the United States bought more from other countries than it sold to them last year, pushing the deficit to a level not seen since 2008.
U.S. Economy Grew 2.9 Percent In 2018, Just Below Trump’s Target
By: Jim Zarroli | NPR
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The U.S. economy expanded at a solid 2.6 percent rate during the last three months of 2018, but growth was significantly lower than it had been earlier in the year as the boost from tax cuts waned.
Trump Nominates Outspoken Critic David Malpass To Head World Bank
By: Jim Zarroli | NPR
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The nomination of Treasury Department official David Malpass already has generated controversy in the international development community.
Government Shutdown Cut Into Economic Growth, CBO Says
By: Jim Zarroli | NPR
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A report says the shutdown reduced federal spending by $18 billion, although most of that will be recouped, now that the government has reopened.
How Fast Did The Economy Grow? Forecasts Are All Over The Place
By: Jim Zarroli | NPR
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President Trump is eager to tout a fast-growing economy, boosted by the tax cuts he pushed through Congress. That makes Friday’s report on gross domestic product a highly anticipated news event.