US job growth slowed further in August as financial assistance from the government ran out, threatening the economy’s recovery from the COVID-19 recession.
US businesses saw a modest increase in activity and employment generally increased through late August, a Federal Reserve report showed, but economic growth remained sluggish in some parts of the country.
As a top adviser to Trump's presidential campaign who later served as chief White House strategist, Bannon helped articulate the right-wing populism and fierce opposition to immigration that have helped define Trump's 3-1/2 years in office. Bannon left the White House in August 2017.
US retail sales increased less than expected in July as consumers cut back on purchases and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.
Factories across the world continued to shake off the coronavirus gloom in August as the global economy gradually emerges from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programmes.
J.C. Penney’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.
US private employers hired fewer workers than expected for a second straight month in August, suggesting that the labour market recovery was slowing as the COVID-19 pandemic
At the Republican National Convention, the coronavirus and the economic pain it has created for millions of Americans doesn’t really exist. On Capitol Hill, Democratic leaders are quick to acknowledge its toll – but if they really want to do something about it, they have a strange way of showing it.
World food prices rose for a third straight month in August, led by coarse grains, vegetable oils and sugar, the United Nations food agency said on Thursday.
The US budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said on Friday. The ocean of red ink is a product of the government’s massive spending to try to cushion the impact