Finance

Economists from Goldman Sachs are forecasting a dramatic 24% drop in the nation’s gross domestic product in the coming months, as governments, businesses, schools and more announce increasingly strict measures to keep people at home and apart to try to slow the spread of coronavirus nationwide.   In an analysis released Friday, economists with the major […]

Most of the time, the Federal Reserve occupies an unusual role within government. It is a tool of state power, yet it remains a bit distant from the usual mechanisms of control. Though the Fed is ultimately responsible to the president and Congress, by law and tradition the central bank receives the space to carry

The coronavirus pandemic has turned everything on its head in the global economy, not least in Britain where the center-right Conservative government effectively socialized large chunks of the private sector and shut down the pubs By PAN PYLAS Associated Press March 20, 2020, 7:41 PM 3 min read LONDON — The coronavirus pandemic has turned

MOSCOW — Six years ago, the United States and the European Union slammed the door on Western bank loans for Russian companies, starving the country’s oil and banking industries of financing. The harsh measures were intended to punish Russia for military interventions in Ukraine and Syria and for meddling in the 2016 American election to

Less than three months ago came the first reports of cases of pneumonia related to a virus first detected in Wuhan, China. The outbreak of the virus that causes COVID-19 has caused unprecedented disruptions that have brought an unparalleled shock to the global economy. Following are developments Friday related to the outbreak, efforts by governments

They are a new class of emergency medical workers: the more than two million Americans reporting to work each day to sell food and other household staples to a country in the midst of a coronavirus pandemic. As shoppers swarm stores, snapping up everything from milk to toilet paper, cashiers are there to ring them

Treasury Secretary Steven Mnuchin has announced that the deadline for filing U.S. income taxes has been moved from April 15 to July 15 By MARTIN CRUTSINGER AP Economics Writer March 20, 2020, 3:52 PM 2 min read WASHINGTON — The income tax filing date has been pushed back from April 15, to July 15, Treasury

NEW YORK (Reuters) ― As U.S. authorities scrambled to ramp up the nation’s capacity to test for coronavirus last week, at least 100 executives and other New Yorkers of means had easy access to testing, according to two sources familiar with the activities of a little-known medical service catering to the affluent. These people paid

MOSCOW — Six years ago, the United States and the European Union slammed the door on Western bank loans for Russian companies, starving the country’s oil and banking industries of financing. The harsh measures were intended to punish Russia for military interventions in Ukraine and Syria and for meddling in the 2016 American election to

Senate Intelligence Committee Chairman Richard Burr, R-N By MARY CLARE JALONICK Associated Press March 20, 2020, 12:01 PM 3 min read WASHINGTON — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic. Senate records show that