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US economy

Iranpress: GDP could shrink 24 percent in second quarter

GDP could shrink 24 percent in second quarter

Saturday, 21 March 2020 07:39

The US economy may have entered a recession and Americans could see the economy shrink by an annualized 6 percent in the first quarter and an astonishing 24 percent in the second quarter.

Iranpress: Fed slashes rate to near zero, eases lending rules

Fed slashes rate to near zero, eases lending rules

Sunday, 15 March 2020 23:49

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.

Iranpress: Global stock is hit by Covid-19, entering a bear market

Global stock is hit by Covid-19, entering a bear market

Thursday, 12 March 2020 04:31

Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic.

Iranpress: Coronavirus: US death toll rise to 26, fear batters economy

Coronavirus: US death toll rise to 26, fear batters economy

Tuesday, 10 March 2020 04:51

The U.S. death toll rose to 26 and several members of Congress and officials are in self-quarantine after possible exposure while Trump dodges responsibility and accusing Democrats on inflaming the issue.

Iranpress: Covid-19 hits markets, creating Black Monday

Covid-19 hits markets, creating Black Monday

Monday, 09 March 2020 23:12

Shares around the world are facing their worst day since the 2008 financial crisis with the dramatic falls leading to the day being dubbed 'Black Monday' due to the impact of coronavirus on the global economy.

Iranpress: world Newspapers: Shadow falls over Trump’s economy; chaos rattle markets

world Newspapers: Shadow falls over Trump’s economy; chaos rattle markets

Friday, 23 August 2019 20:38

Washington Post: Shadow falls over Trump's economy; Top White House advisers notified President Trump earlier this month that some internal forecasts showed that the economy could slow markedly over the next year, stopping short of a recession but complicating his path to reelection in 2020./212

Iranpress: NY Times: Chinese investment in US declines

NY Times: Chinese investment in US declines

Sunday, 21 July 2019 20:06

Chines investment in the US economy has sharply plunged since Trump took office and trade war caused growing distrust between the two countries.

Iranpress: U.S. closes fiscal year with highest deficit since 2012

U.S. closes fiscal year with highest deficit since 2012

Tuesday, 16 October 2018 10:16

The U.S. government closed the 2018 fiscal year $779 billion in the red, its' highest deficit in six years.

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