US economy could easily shrink, says Federal Reserve Chairman
Jerome Powell, the chairman of the Federal Reserve, says the US economy can shrink by around 20% due to the present Covid-19 outbreak. He has also predicted that the showdown might last for several...
US stocks marks record gain
Despite the disturbed economic condition, US stocks have marked a record gain – the gain is the biggest since the year 1974. As per a media report, Wall Street’s S&P 500 shares index has...