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U.S. GDP may fall further amid COVID-19 spike, end of fiscal aid

The United States has yet again recorded its worst GDP slump in the second quarter despite May and June rebound. The coronavirus pandemic has yet...

US economy enters final but slow recovery phase, says BoA

Following its second-quarter slump, the U.S. economy has now entered its third and "healing phase," economists said. It seems like the U.S. economy is now,...

US economy may face ‘extreme distress’ if businesses can’t reopen

A billionaire founder of an investment firm warned that the U.S. might face troubling economic pain if businesses would not be able to go...
Asian markets dropped on China's factory output and coronavirus fears

Asian markets dropped on China’s factory output and coronavirus fears

After an underwhelming performance for China's industrial output as well as fears of a second wave, most of the Asian markets had a massive...
Wall Street too optimistic as futures rise while waiting for jobless claims

Wall Street too optimistic as futures rise while waiting for jobless claims

Wall Street analysts are getting way ahead of themselves as the stock futures continue to rise to await jobless claims. Another round of anticipating jobless...
US retail sales down by 8.7% in March as coronavirus puts the country on halt

US retail sales down in March as coronavirus puts country on halt

March retail sales in the United States plunged as non-essential businesses remained closed in an effort to curb coronavirus from spreading. A report from the...

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