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Economic News Headlines

December 19, 2020 • Congressional leaders returned to acquainted ground Saturday, digging in on opposite sides of a stalemate over a coronavirus relief bundle they all is badly wanted to assist struggling Americans. Most central financial institution officials also project interest rates will remain near zero for no less than three years. Nearly 900,000 U.S. workers applied for jobless advantages in a second week of increases, the Labor Department stated Thursday, one other signal the economic system is entering a winter slowdown.
The SEC has charged in style stock buying and selling app Robinhood with deceiving customers about how the company makes cash and failing to ship the most effective execution of trades. A gauge of confidence among British consumers jumped by probably the most in eight years in December, boosted by the launch of the nation's coronavirus vaccine programme, a survey showed on Friday. December is shaping up to be the Covid pandemic's deadliest month yet in the U.S. FT and ‘Financial Times’ are emblems of The Financial Times Ltd. Much of the cash will go to companies that had previously applied to the program and had been put on a waitlist, however there is also some money for new applicants. Congress was poised to vote on Sunday on a $900 billion coronavirus help package after senators struck a late-night time compromise to clear one of the final hurdles, a dispute over Federal Reserve pandemic lending authorities. Intraday Data offered by FACTSET and subject to terms of use.
U.S. Rep. Alexandria Ocasio-Cortez responded Tuesday night to a report that a New York City paramedic was supplementing her income during the coronavirus pandemic by working for a racy web site. This material will not be revealed, broadcast, rewritten, or redistributed. Quotes displayed in actual-time or delayed by no less than 15 minutes.
Historical and present finish-of-day knowledge offered by FACTSET. Real-time final sale data for U.S. stock quotes mirror trades reported by way of Nasdaq solely. Intraday data delayed at least quarter-hour or per exchange necessities. A bipartisan group of senators is about to unveil a $908 billion coronavirus aid invoice on Monday because the deadline looms for Congress to strike a deal before the top of the 12 months. In almost each state throughout the nation, gyms have been the first businesses that had been pressured to shut down by the federal government and had been one of the last to reopen. The U.S. central bank, as extensively anticipated, held the benchmark federal funds price at a range between zero% and 0.25%, the place it has been since mid-March. The cash can pay grants to hospitality and non-important retail through the enterprise rates system.
Dr. Alvin Roth, a Nobel Prize successful economist who focuses on recreation theory, has some ideas. December 16, 2020 • Retail gross sales dipped 1.1% in November in contrast with a month earlier as new coronavirus surges restricted outings to stores and particularly restaurants. December sixteen, 2020 • The government simply filed one of the largest antitrust cases in history against Facebook.
Swiss officials rejected the finding, which got here out of a interval of pandemic-associated turmoil in monetary markets. Sales fell by 3.8% last month, bringing to an end a six-month streak of rising trade.
Powered and applied by FactSet Digital Solutions. Mutual Fund and ETF knowledge provided by Refinitiv Lipper. December 10, 2020 • Jobless claims rose sharply final week as crucial relief programs, including expanded jobless advantages, Mobiles Archives are because of expire the day after Christmas. December 10, 2020 • Team Indicator follows up with ice cream store owner Molly Moon to take a look at the highway to recovery for small businesses. December 11, 2020 • Nick and Robert head to the world's largest Christmas tree auction with $1,000 and a truck. December 15, 2020 • Right now, demand for a coronavirus vaccine far outweighs supply. Leaders are attempting to determine who ought to get the vaccine first.