U.S. existing home sales plunge 17.8% in April
Sales of existing home plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic.
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Drug proves effective against coronavirus as economic damage rises
Scientists on Wednesday announced the first effective treatment against the coronavirus -- an experimental drug that can speed the recovery of COVID-19 patients 鈥� in a major medical advance that...
Coronavirus shrinks U.S. economy at 4.8% rate last quarter
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the...
Trump: Postal Service must charge Amazon more, or no loan
President Donald Trump said Friday that he won't approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to...
Coronavirus spread prompts Federal Reserve to slash rates in surprise move
In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the...
US trade deficit falls 8.2% to $43.1 billion in November
The U.S. trade deficit fell in November to the lowest level in more than three years as U.S. exports rose while imports declined, putting the country on track to see...
U.S. budget deficit hits $984 billion, highest in 7 years
The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming...
A divided Fed cuts key interest rate for 2nd time this year
A sharply divided Federal Reserve cut its key benchmark interest rate for a second time this year while saying it's prepared to continue doing what it deems necessary to sustain...
U.S. budget deficit for 11 months up $169 billion over 2018
The U.S. government's budget deficit increased by $169 billion to $1.07 trillion in the first 11 months of this budget year as spending grew faster than tax collections.
Federal Reserve cuts key interest rate in its first reduction in more than decade
The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade...