Coronavirus deals U.S. economy Great Depression-like job losses, high unemployment
WASHINGTON (Reuters) – The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since…
Economists see uneven jobs recovery, high U.S. unemployment through 2021
WASHINGTON (Reuters) – The trillions of dollars in cash and loans unleashed by the Federal Reserve and U.S. political leaders…
Euro zone ministers discuss fiscal boost options as virus worries weigh
BRUSSELS (Reuters) – Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in…
Factbox: Latest China virus outbreak revives fears of 2003 SARS fallout
(Reuters) – The death toll from a flu-like virus in China climbed to six and new cases surged beyond 300…
U.S. housing starts at 13-year high, factory output gains
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the…
China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade…
U.S., China reset trade relationship with Phase 1 agreement
WASHINGTON (Reuters) – The United States and China announced an initial trade deal on Wednesday that will roll back some…
Euro zone inflation rises quicker than expected in November
BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation accelerated faster than expected in November on a rise in food and services prices,…
Weak U.S. retail sales cast shadow over slowing economy
WASHINGTON (Reuters) – U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness…
U.S. economy slowing, but consumers limiting downside
WASHINGTON (Reuters) – U.S. economic growth slowed in the second quarter, the government confirmed on Thursday, but the strongest consumer…
Shares rally, bond yields rise as China fuels trade deal hopes
NEW YORK (Reuters) – U.S. and European shares advanced on Thursday as China struck a hopeful tone on trade relations…
South Africa to roll out sweeping health reform in stages
PRETORIA (Reuters) – A proposed move to universal health coverage in South Africa will be rolled out in stages as…
Oil prices climb after Saudi oilfield attack, but recession worries drag
SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni…
Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah…
Oil slumps more than 4% on weak global economic data, U.S. crude build
NEW YORK (Reuters) – Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak…
Weak U.S. employment report raises red flag on economy
WASHINGTON (Reuters) – U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a…
China ready for further U.S. trade talks, ambassador says
WASHINGTON (Reuters) – Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume…
China ready for further U.S. trade talks, ambassador says
WASHINGTON (Reuters) – Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume…
Trump says talks with China to continue as trade war escalates
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that trade talks with China would continue even after Washington…
Take Five: Vol squall coming? World markets themes for the week ahead
May 3 (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming…
New North American trade deal modestly boosts U.S. economy, trade panel finds
WASHINGTON (Reuters) – The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production,…
Mixed data offer glimmers of hope for slowing U.S. economy
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in February, but a rebound in factory activity in March and strong…
Fed done raising interest rates; significant chance of cut in 2020: Reuters poll
BENGALURU (Reuters) – The U.S. Federal Reserve is done raising interest rates until at least the end of next year,…
Wall Street drops after weak data, healthcare slump
(Reuters) – Wall Street’s major indexes fell on Monday, weighed down by a weak U.S. construction spending report and declines…
Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester
FILE PHOTO: Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York,…
Earnings send Wall St higher as investors eye State of the Union speech
NEW YORK (Reuters) – U.S. stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the…
U.S. factory orders fall; core capital goods unrevised
WASHINGTON (Reuters) – New orders for U.S.-made goods unexpectedly fell in November amid sharp declines in demand for machinery and…
Take Five: Dogs and Pigs – World markets themes for the week ahead
(Reuters) – Following are five big themes likely to dominate the thinking of investors and traders in the coming week…
Shutdown costs pegged at $3 billion as government reopens
WASHINGTON (Reuters) – The U.S. economy was expected to lose $3 billion from the partial federal government shutdown over President…
U.S. consumer morale at two-year low; factory output surges
WASHINGTON (Reuters) – U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump’s was elected…
U.S. third-quarter growth trimmed; business spending slowing
WASHINGTON (Reuters) – The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to…
China moves to lift confidence as economic growth hits weakest pace since 2009
BEIJING (Reuters) – China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving…
Unwelcome guest: U.S. tariffs loom at China’s biggest trade fair
BEIJING (Reuters) – Amid gathering gloom over the state of the Chinese economy, exporters of motorcycles, tractors, photocopiers and Christmas…
Fed likely to lift rates, possibly end ‘accommodative’ policy era
WASHINGTON (Reuters) – With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on…
Trump ready to ratchet up China trade war with more tariffs: report
WASHINGTON (Reuters) – U.S. President Donald Trump is prepared to quickly ramp up a trade war with China and has…
Greece set to exit bailout, still faces daunting challenges
ATHENS (Reuters) – Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to…
Shares get China stimulus boost, bonds show the strain
LONDON (Reuters) – World shares climbed for a third day running on Tuesday, as China promised fiscal action to support…
China to keep on path of reform, opening markets: Li
SOFIA (Reuters) – China will stick to the path of opening its markets and other reforms that has lifted its…
China factory growth slows in June as trade tensions rise
BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed,…
Tech leads Wall Street’s advance after strong jobs data
(Reuters) – Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S.…
Take Five: World markets themes for the week ahead
LONDON (Reuters) – Following are five big themes likely to dominate the thinking of investors and traders in the coming…
Asian shares edge higher as tensions ease, earnings rise
SYDNEY (Reuters) – Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone,…
A U.S. recession ahead? Fed policymakers say not to worry
CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in more than…
Trump threatens more China tariffs; Beijing ready to hit back
BEIJING/WASHINGTON (Reuters) – China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh…