Post Tagged with: "US economy"

Source: CNBC

Bank of America CEO Brian Moynihan says U.S. economy starting to ‘come out of the hole’

CNBC


The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC on Thursday.

Moynihan cited consumer spending figures from the millions of households using his lender’s credit and …

May 28, 2020 - 1:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Powell says GDP could shrink more than 30%, but he doesn’t see another Depression

CNBC


The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday.

The central …

May 18, 2020 - 1:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
US Economy Slowed to 2.1% Growth Rate in Second Quarter

US Economy Slowed to 2.1% Growth Rate in Second Quarter

From AP News


The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending.

The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down …

Economy Adds 155K Jobs in November, Unemployment Holds at 3.7%

Economy Adds 155K Jobs in November, Unemployment Holds at 3.7%

From The Hill

The U.S. economy added 155,000 jobs in November, below estimates and cooler than October, but the labor market continues to maintain momentum.

The unemployment rate held at 3.7 percent for the third straight month, the lowest level …

December 7, 2018 - 12:29 pm Closing Bell Story‎, Politics & Opinions