The recent weakening of the U.S. dollar has sparked concerns among some economists about whether it will remain the world’s reserve currency
Author: Paul Davidson, USA TODAY
Will Americans spend the record cash they’ve saved amid uncertain outbreak and economy?
Americans have been saving record amounts of money amid economic shutdowns and generous federal stimulus checks. When will they spend it?
1.8M jobs added in July, unemployment falls to 10.2% as some states halt reopening, others throttle back
The economy added 1.8M jobs in July, unemployment fell to 10.2% as some states reopen economies, others pull back
Layoffs: 1.2M workers file for unemployment amid COVID-19 spikes, pushing total in crisis above 55M
Another 1.2M workers sought unemployment benefits — a measure of layoffs — last week, pushing the total in the crisis above 55 million
As some states reopen, others shutter amid outbreaks, forecasting July payrolls is guessing game
With some states reopening and others closing again, forecasting whether the U.S. gained or lost lots of jobs in July has become a guessing game
Layoffs: 1.4M more workers likely filed jobless claims as states pull back on reopenings
Another 1.4 million workers likely filed initial unemployment claims, indicating layoffs have persisted as states pause or roll back reopening plans.
US economy contracted record 32.9% in Q2 amid state shutdowns, COVID-19 contagion fears
U.S. gross domestic product fell at annual rate of 32.9% in second quarter as states shut down nonessential businesses and consumers largely stayed home.
With coronavirus surging, Fed keeps key interest rate near zero, vows more support
With COVID-19 resurgent across much of U.S., the Fed held interest rates near zero and vowed more support for economy. It noted pickup in jobs and economy.
2nd-quarter GDP out Thursday morning: “Really, you’re going to see just godawful numbers just across the board.”
U.S. economic output likely fell at record 35% annual rate in the second quarter. The rebound is threatened by COVID-19 spikes, state reclosings.
Amid COVID-19 spikes, reopening rollbacks, Fed could signal near-zero rates for even longer
Amid coronavirus spikes, the Fed Wednesday could signal it intends to keep interest rates near zero even longer and juice its bond buying stimulus