U.S. economy

Nigeria’s Foreign Assets At Risk As Enron Seeks $22m Arbitration

U.S. Economy Backslides Into Full Recession

June 9, 2020 4:11 am

The U.S. economy entered a recession in February, a group of economists declared Monday, ending more than a decade of steady if slow growth.

The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn.

A committee within the National Bureau of Economic Research, a trade group, determines when recessions begin and end. It defines a recession as “a decline in economic activity that lasts more than a few months.”

The committee acknowledged, however, that in this case the depth of the economic downturn so far also played a role in its decision.

For …

Americans To Get Another Round Of Stimulus Checks

June 5, 2020 12:57 pm

It seems everyone in America thinks a second stimulus check for consumers still reeling from the effects of COVID-19 is needed to re-ignite the U.S. economy.

Targetted at the CARES Act, the stimulus checks gained a lot of approval despite being spent on other things and it really helped to boost the United States economy.

There are talks for the dispensation of another round of stimulus checks, similar to the HEROES Act checks, and these checks may be dispensed next month, perhaps with a similarly positive reaction.

Democrats and some Republicans in the Senate have voiced optimism that another relief …

Data Shows U.S. Economy In A Shambles

May 16, 2020 6:09 am

Newly released multi-faceted economic data showed the U.S. economy is in a shambles and may not rebound quickly even when the devastating lockdowns imposed to stop the coronavirus pandemic are lifted.

Data tracking industrial production and the vital retail sector released Friday showed record declines in April.

This was the first full month of lockdowns to stop the spread of COVID-19 virus that has killed nearly 86,000 people and caused around 36.5 million people to lose their jobs in the world’s largest economy.

With millions of people filing new claims for unemployment benefits every week since the lockdowns began in …