United States

Thursday, March 19th 2020 - 08:23 UTC
Mnuchin denies potential US unemployment of 20% but considers a US$ 2.000 stimulus check to every American

Treasury Secretary Steven Mnuchin on Wednesday vowed that unemployment would not reach 20%, seeking to clarify comments he made a day earlier on a worst-case economic scenario resulting from the coronavirus pandemic.
Thursday, March 19th 2020 - 08:21 UTC
Oil prices collapse below US$ 30 a barrel and could drop to US$ 20, Goldman Sachs estimates

U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world. The prices fell for a third session, with U.S. crude Clc1 reaching US$ 25.06 per barrel, the lowest prices since late April 2003. As of 11:35 GMT, U.S. crude Clc1 hit US$1.51 cents or 5.6 percent at US$ 25.44 per barrel.
Tuesday, March 17th 2020 - 08:21 UTC
Several officials tested coronavirus positive after Trump/Bolsonaro meeting in Mar-a-Lago resort

Brazilian Foreign Trade Secretary Marcos Troyjo, who was part of the Brazilian delegation that recently visited Florida, has tested positive for the coronavirus, his office said in a statement on Monday.
Tuesday, March 17th 2020 - 08:15 UTC
Trump urges to halt social activities for 15 days and not congregate in groups larger than ten people

President Donald Trump urged Americans on Monday to halt most social activities for 15 days and not congregate in groups larger than 10 people in a newly aggressive effort to reduce the spread of the coronavirus in the United States.
Monday, March 16th 2020 - 11:19 UTC
G7 global rescue: Fed cuts rates to almost zero and launches US$ 700bn stimulus program

The US has cut interest rates to almost zero and launched a US$ 700bn stimulus program in a bid to protect the economy from the effect of coronavirus. It is part of a coordinated action announced on Sunday in the UK, Japan, the Eurozone, Canada, and Switzerland.
Saturday, March 14th 2020 - 09:50 UTC
Trump and Congress agree on safety net programs for Covid 19 patients and victims

The U.S. House of Representatives overwhelmingly passed a coronavirus aid package early on Saturday that would provide free testing and paid sick leave, in a bid to limit the economic damage from a pandemic that has shuttered schools, sports arenas, and offices.
Friday, March 13th 2020 - 08:57 UTC
Coronavirus panic in markets wipes US$ 14 trillion in a month

Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some US$14 trillion from world stocks in a month.
Friday, March 13th 2020 - 08:20 UTC
Wall Street financial firms have most of its staff working from home

Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.
Friday, March 13th 2020 - 07:24 UTC
Walt Disney theme parks closed, beginning Sunday March 15

Disney announced on Thursday that it will be closing its theme parks at Walt Disney World Resort in Florida out of an “abundance of caution” as coronavirus concerns mount in the US.
Thursday, March 12th 2020 - 08:55 UTC
Coronavirus: Trump locks out all travel from Europe for 30 days and pledges financial relief to small businesses

President Donald Trump on Wednesday said the U.S. would restrict all travel from Europe for the next 30 days and use executive orders to offer financial relief to individuals and small businesses in his most extensive steps to date to address the crisis of the coronavirus.