Us Economy

Five Things To Know About The Iconic Dow Stock Index

Business | Agence France-Presse | Wednesday November 25, 2020

The Dow is one of the oldest equity indices in the world; it was created nearly 125 years ago by Dow Jones & Company, founded by journalists Charles Dow and Edward Jones,

Indian Students Contributed USD 7.6 Billion To US Economy Last Year: Report

Education | Reported by Press Trust of India | Tuesday November 17, 2020

China remained the largest source of international students in the US, with the number of Chinese students in the country increasing for the 16th consecutive year.

Indian Students Contributed $7.6 Billion To US Economy Last Year: Report

Indians Abroad | Press Trust of India | Tuesday November 17, 2020

Indian students contributed $7.6 billion to the US economy in the academic year 2019-20, even though there was a 4.4 per cent drop in the total number of Indian students, according to a report.

US President-Elect Joe Biden's Trade Policy Will Aim At China; Unite Allies

Business | Reuters | Sunday November 8, 2020

His top economic priority will be to revive an economy slammed by the coronavirus pandemic, so trade agreements will likely take a back seat to stimulus efforts and infrastructure development.

Full Economic Recovery Uncertain In US; Unemployment Plagues Labor Market

Business | Edited by Nikita Prasad (with inputs from agencies) | Friday November 6, 2020

The Labor Department's employment report on Friday will underscore the challenges the next US President confronts to keep the economy growing as it continues to heal from the deepest recession ever since the Great Depression.

"US Economy Hit By China Plague, Will Never Forget What They Did": Trump

World News | Press Trust of India | Monday November 2, 2020

President Donald Trump has said that the US will never forget what China did to it by failing to prevent the spread of the coronavirus pandemic which he said has devastated America's economy.

Trump Calls Off Talks On Covid Stimulus Plan For US Until After Election

World News | Agence France-Presse | Wednesday October 7, 2020

US President Donald Trump on Tuesday called off talks on a new stimulus plan to boost the Covid-ravaged US economy until after the election, sending Wall Street plunging and upending recent progress made in the long-delayed negotiations.

US Economy Suffered $16 Trillion Drag Due To Racism: Report

World News | Agence France-Presse | Friday September 25, 2020

Racial inequality has cost the US economy $16 trillion in wealth over the last two decades, Citigroup said in a report Thursday.

US Central Bank Vows To Keep Interest Rates Low, Expects Slow Recovery Ahead

Business | Reuters | Thursday September 17, 2020

This was the Fed's last policy decision before the country's November 3 presidential election, delivering the winner a runway of low borrowing costs for years to come.

US Economy Healthy, High Unemployment Could Persist For Years: Official

World News | Agence France-Presse | Thursday August 27, 2020

The underlying US economy remains solid, but high unemployment could persist for years in the sectors most impacted by the coronavirus pandemic, Federal Reserve Chair Jerome Powell said Thursday.

Sensex, Nifty Off Day's Lows As Energy, Metal Stocks Rise

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday August 20, 2020

Global markets fell after the Federal Reserve warned the US economy faced a highly uncertain path to recovery from the coronavirus-induced downturn.

Sensex Falls Over 400 Points, Nifty Below 11,300 Tracking Global Markets

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday August 20, 2020

Global markets fell after the Federal Reserve warned the US economy faced a highly uncertain path to recovery from the coronavirus-induced downturn.

Experts Say US Curbs On Hiring Foreign Workers Blessing For India Inc

India News | Written by Maya Sharma | Tuesday August 4, 2020

The Trump administration's decision to prevent federal agencies from hiring foreign workers - mainly those on H1B visas - will hurt the US economy more than Indians eyeing the American job market, industry heads said, adding that the policy changes introduced in the run up to the US Presidential elections this year could work as the push the Indian...

US Economy Contracts 32.9% In June Quarter, Wall Street Crashes

Business | Edited by Abhik Deb (with inputs from agencies) | Thursday July 30, 2020

The drop in GDP was more than triple the previous all-time decline of 10 per cent in the second quarter of 1958

Donald Trump Cheers US Economy After June Jobs Surge Despite Covid-19

World News | Agence France-Presse | Thursday July 2, 2020

President Donald Trump on Thursday hailed new data showing huge jobs gains in June, but continued to downplay surging COVID-19 cases that could reverse the tentative recovery.