May 29, 2020 | Finance
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression.The Fed’s...
May 29, 2020 | Finance
NEW DELHI (AP) — India’s economy grew by 4.2% in the fiscal year that ended in March, down from 6.1% the previous year, the government said Friday, and is likely to contract this year because of the coronavirus pandemic.The growth dipped to 3.1% in January-March, the...
May 29, 2020 | Finance
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus.________________________BY LAND AND BY SEA:...
May 29, 2020 | Finance
ALBANY, N.Y. (AP) — New York City is on track to begin reopening June 8 as the state gradually loosens restrictions put in place during the coronavirus crisis, Gov. Andrew Cuomo said Friday.Cuomo said the city was meeting goals set for hospital rates and testing, will...
May 29, 2020 | Finance
HAYNEVILLE, Ala. (AP) — Sparsely populated Lowndes County, deep in Alabama’s old plantation country, has the sad distinction of having both the state’s highest rate of COVID-19 cases and its worst unemployment rate. Initially spared as the disease ravaged...
May 29, 2020 | Finance
U.S. consumer spending plunged by a record-shattering 13.6% in April as the pandemic shuttered businesses, forced millions of layoffs and sent the economy into deep recession.Europe’s extensive social welfare net is showing signs of fraying under economic strain from...
