(Reuters) – U.S. states hit hardest by COVID-19 had some of the biggest jumps in small business loan defaults since the onset of the pandemic, and some of the highest […]
U.S. new home sales shine in June; business activity picks up
WASHINGTON (Reuters) – Sales of new U.S. single-family homes raced to a near 13-year high in June as the housing market outperforms the broader economy amid record low interest rates […]
UPDATE 1-Brazil tax revenue falls to lowest for June in 16 years
(Adds detail) By Jamie McGeever BRASILIA, July 23 (Reuters) – Brazil’s federal tax take in June fell to a 16-year low for the month as the coronavirus crisis continued to […]
U.S. economy faces significant risks, long road to recovery – IMF staff
WASHINGTON, July 17 (Reuters) – U.S. economic output is expect to contract by 6.6% in 2020 due to the shock of the coronavirus pandemic, but a resurgence in coronavirus infections […]
EU on the brink: Dutch ‘punching above their weight’ and risk MAJOR crisis
We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. Before the EU summit next week, Mr […]
U.S. weekly jobless claims stay elevated; labor market improvement stalling
WASHINGTON (Reuters) – Weakening demand and a resurgence in new COVID-19 cases are keeping new U.S. applications for unemployment benefits extraordinarily high, suggesting the labor market remains fragile despite record […]
U.S. employers announced more job cuts in June: report
WASHINGTON (Reuters) – U.S. employers announced an additional 170,219 job cuts in June as the recession caused by the COVID-19 depresses demand and pushes companies into bankruptcy, a report showed […]
China's June factory activity quickens, but exporters struggle amid pandemic
BEIJING (Reuters) – China’s factory activity expanded at a stronger pace in June, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but […]
U.S. current account deficit edges down; COVID-19 curbs trade
WASHINGTON (Reuters) – The U.S. current account deficit dipped to a near two-year low in the first quarter as the COVID-19 pandemic restricted the flow of goods and services, while […]
U.S. economy starts long recovery as retail sales post record jump
WASHINGTON (Reuters) – U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession […]