U.S. economy faces significant risks, long road to recovery: IMF staff

Economy16 hours ago (Jul 17, 2020 12:40PM ET) (C) Reuters. FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington By Andrea Shalal WASHINGTON (Reuters) – The U.S. economy is…

Fed May Adopt Yield-Curve Caps, Ex-Chairs Bernanke, Yellen Say

Forex14 hours ago (Jul 17, 2020 02:36PM ET) (C) Bloomberg. Ben Bernanke (Bloomberg) — Former Fed Chairs Ben Bernanke and Janet Yellen warned that the U.S. economic recovery from the coronavirus shock could be slow and uneven and said the…

Treasury’s Mnuchin open to blanket forgiveness for smaller business relief loans

Economy14 hours ago (Jul 17, 2020 02:36PM ET) 2/2 (C) Reuters. House Small Business Committee in Washington, DC 2/2 By Pete Schroeder and David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said Friday policymakers should consider blanket forgiveness…

California governor lays out framework for re-opening schools

World14 hours ago (Jul 17, 2020 03:25PM ET) (C) Reuters. FILE PHOTO: California’s Governor Gavin Newsom speaks to the media after casting his vote at a voting center at The California Museum for the presidential primaries on Super Tuesday in…

Greatest Increase Ever in U.S. Wages Is Actually Horrible News

Stock Markets13 hours ago (Jul 17, 2020 03:36PM ET) (C) Reuters. Greatest Increase Ever in U.S. Wages Is Actually Horrible News (Bloomberg) — The median weekly earnings of full-time workers in America jumped more than 10% in second quarter from…

Canada proposing to expand emergency wage subsidy program: finance minister

Economy13 hours ago (Jul 17, 2020 03:40PM ET) (C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Ottawa OTTAWA (Reuters) – The Canadian government wants to expand an emergency wage subsidy program so that all businesses suffering losses…

U.S. women lend support to female business start-ups in equality push

Sports & General12 hours ago (Jul 17, 2020 05:00PM ET) 2/2 (C) Reuters. Soccer players Tobin Heath and Christen Press attend the 2019 Glamour Women Of The Year Awards in Manhattan 2/2 By Rory Carroll LOS ANGELES (Reuters) – Members…

Evictions nearly back to pre-pandemic levels in some U.S. areas -Cleveland Fed study

Economy8 hours ago (Jul 17, 2020 09:10PM ET) (C) Reuters. Makeshift sheets displaying messages of protest contesting the ability to pay for rent hang in the window of an apartment building in the Columbia Heights neighborhood in Washington (Reuters) –…

Deep discord as EU leaders meet for tough spending talks: Merkel

Economy11 hours ago (Jul 17, 2020 04:15AM ET) (C) Reuters. weekly cabinet meeting in Berlin BRUSSELS (Reuters) – European Union leaders face very tough talks over a proposed budget and recovery plan to lift the bloc from an economic crisis…

Dutch still demand that EU recovery fund be tied to reforms: PM Rutte

Economy11 hours ago (Jul 17, 2020 04:30AM ET) (C) Reuters. EU leaders summit in Brussels BRUSSELS (Reuters) – Dutch Prime Minister Mark Rutte on Friday said he was “not optimistic” that agreement would be reached between the EU’s 27 member…

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