News Articles on {?keyword?} | ABS-CBN News

Vaccine rollout, US stimulus boost global economic outlook - OECD

Leigh Thomas, Reuters
Posted at Mar 09 08:20 PM

The global economic outlook has brightened as COVID-19 vaccine rollouts speed up in some countries and the United States launches a vast new stimulus package, the OECD said on Tuesday, hiking its forecasts. Read more »

What will US economic recovery look like?

Heather Scott, Agence France-Presse
Posted at Feb 28 12:35 PM

The US economy is rebounding faster than expected from the COVID-19 recession, outperforming the most pessimistic estimates. But some areas remain largely shut down. So what will recovery look like?   Read more »

Global spending on green economic stimulus slowly tracking upwards: study

Matthew Green, Reuters
Updated as of Feb 12 10:05 AM

Massive post-pandemic stimulus packages are mostly failing to support action to tackle climate change or halt the loss of biodiversity, but the amount of green spending is slowly tracking upwards, according to a study here published on Friday. Read more »

Asian shares near all-time peak, oil heads to $60 on economic revival hopes

Swati Pandey, Reuters
Posted at Feb 08 11:12 AM

Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. Read more »

US Treasury's Yellen: Americans earning $60,000 should get stimulus checks

Reuters
Posted at Feb 08 10:42 AM

US Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House’s proposed $1.9 trillion coronavirus relief package. Read more »

Trump signs pandemic aid and spending bill, averting gov't shutdown

Steve Holland and Susan Cornwell, Reuters
Updated as of Dec 28 12:24 PM

US President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a federal government shutdown in a crisis of his own making. Read more »

Trump rejects COVID-19 relief bill, calls it 'a disgrace'

Agence France-Presse
Posted at Dec 23 10:20 AM

President Donald Trump on Tuesday rejected a $900 billion bipartisan COVID stimulus package, calling it "a disgrace" and demanding that lawmakers more than triple relief payments to Americans. Read more »

After months of inaction, US Congress approves $892-B COVID-19 relief package

Richard Cowan and Andy Sullivan, Reuters
Posted at Dec 22 01:43 PM

The US Congress on Monday approved an $892 billion coronavirus aid package, throwing a lifeline to the nation's pandemic-battered economy after months of inaction, while also keeping the federal government funded. Read more »

With no stimulus in sight, US stocks close lower

Agence France-Presse
Posted at Oct 22 08:26 AM

Wall Street indices ended in the red Wednesday as investors soured on the ongoing wait for fiscal stimulus from Congress, as another trading session passed without significant progress in negotiations.   Read more »

US stimulus hopes dim as Mnuchin says negotiators 'far apart'

Agence France-Presse
Posted at Oct 15 09:10 AM

US Treasury Secretary Steven Mnuchin on Wednesday said despite some progress, he still has not reached an agreement with Democratic lawmakers on a stimulus package, dampening hopes the US economy would get a new injection of cash before the presidential election.   Read more »

Stocks creep higher on U.S. stimulus hopes, yuan sinks

Tom Westbrook, Reuters
Posted at Oct 12 08:37 AM

Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. Read more »

White House stimulus proposal goes over $1.5 trillion with $20 billion for airlines

Reuters
Posted at Oct 01 02:45 PM

The Trump administration has proposed including a $20 billion extension in aid for the battered airline industry in a new stimulus proposal to House Democrats worth over $1.5 trillion, White House chief of staff Mark Meadows said on Wednesday. Read more »

US Fed says outlook uncertain, stimulus 'essential'

Heather Scott, Agence France-Presse
Posted at Sep 17 09:02 AM

The Federal Reserve pledged Wednesday to keep boosting the US economy with low rates to help recover the tens of millions of jobs lost in the pandemic, but said additional help from the government will be key.   Read more »

Fed seeks to offer reassurance amid push for new US stimulus

Chris Stein, Agence France-Presse
Posted at Sep 16 09:59 AM

Armed with a new interest rate strategy, the Federal Reserve will seek to reassure the US economy rattled by the coronavirus downturn as it wraps up its policy meeting on Wednesday.   Read more »

US stimulus impasse overshadows drop in jobless claims

Agence France-Presse
Posted at Aug 13 10:06 PM

Equities on both sides of the Atlantic failed to get much of a boost out of improving US jobless claims as investors fretted over US lawmakers' failure to find common ground on an economic rescue package. Read more »

Americans splurge at Walmart, Target as stimulus checks kick in

Aishwarya Venugopal, Reuters
Posted at May 22 07:28 AM

The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses. Read more »

US Congress clears $100 billion coronavirus package

Agence France-Presse
Posted at Mar 19 08:13 AM

The US Senate passed a $100 billion emergency package Wednesday to help Americans hit hard financially by the coronavirus crisis, with more federal assistance in the pipeline. Read more »

White House seeking $850 billion stimulus package: report

Agence France-Presse
Posted at Mar 17 09:45 PM

US President Donald Trump will ask Congress to approve a massive $850 billion emergency spending package to contain the growing economic damage from the coronavirus pandemic, according to media reports Tuesday. Read more »

Trump economic stimulus against coronavirus off to slow start

Chris Stein, Agence France-Presse
Posted at Mar 11 08:34 AM

President Donald Trump's push for economic stimulus measures to combat market turmoil caused by the growing coronavirus crisis got a slow start Tuesday after talks with skeptical lawmakers. Read more »