U.S. Economic Growth Revised Down to 0.5% in Q4, Corporate Profits Surge
U.S. economic growth slowed more sharply than previously estimated in the fourth quarter, according to fresh data released by the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized...
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...