U.S. inflation subdued with economy in recession
U.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid...
U.S. states accuse 26 drugmakers of generic drug price fixing in sweeping lawsuit
Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce...
S&P 500 turns positive as Fed pledges support
The S&P 500 turned positive on Wednesday after the Federal Reserve repeated its promise of support for the economy....
Fed sees GDP drop of 6.5% in 2020, pledges at least $120 billion in monthly bond-buying
The U.S. Federal Reserve on Wednesday signaled years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers...
Instant View: Fed sees GDP falling 6.5% in 2020, keeps rates at zero
The U.S. Federal Reserve on Wednesday repeated its promise of continued extraordinary support for the economy as policymakers projected a 6.5% decline in gross domestic...
U.S. May deficit nearly doubles to $399 billion
The U.S. federal budget deficit in May nearly doubled to $399 billion from a year earlier amid continued strong spending on coronavirus relief programs and...
Oil edges higher, even as U.S. inventory rise revives glut worries
Oil recovered its earlier losses on Wednesday, even as U.S. data showed crude inventories rose to a record high, reviving worries of a persistent glut...
Fed sees growth contracting by 6.5% on year, pledges bondbuying at least ‘at current pace’
The U.S. Federal Reserve on Wednesday repeated its promise of continued extraordinary support for the economy as policymakers projected a 6.5% decline in gross domestic...
Mnuchin says U.S. recovery has begun, will gain strength in third, fourth quarter
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the U.S. economy has already begun to rebound from the coronavirus pandemic and would “improve dramatically”...
American, Delta say demand uptick helping cash burn; United requiring health checklists
American Airlines Group Inc and Delta Air Lines Inc said on Wednesday that a modest recovery in demand was helping to slow daily cash burn...