US Economy

Wednesday, Apr 24, 2024 | Last Update : 03:05 PM IST

Indian students contributed USD 7.6 billion to US economy last year

India remained the second largest source of international students, despite a 4.4 per cent decline to 193,124 students, a report said

17 Nov 2020 10:02 AM

According to the Department of Homeland Security, the H-1B programme was intended to allow employers to fill gaps in their workforce and remain competitive in the global economy. (AFP File)

Trump admin imposes new curbs on H-1B visas to protect US workers ahead of presidential election

Already a large number of Indians have lost their jobs and are headed back home during the pandemic that has severely hit the US economy

07 Oct 2020 10:26 AM

US is expected to report a record-breaking economic plunge. (AP Photo)

US expected to report record-breaking economic fall

A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June quarter

30 Jul 2020 4:07 PM

Oil prices rise on US stimulus hopes. (AFP Photo)

Oil prices edge higher on expected US stimulus, weak dollar

The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a surge in US virus cases

28 Jul 2020 9:02 AM

US exports to China rose to $8.6 billion in April, up from a 10-year monthly trough of $6.8 billion in February. (AFP Photo)

Trump threat to 'decouple' US and China hits trade, investment reality

The damage-control efforts by the Trump administration come after Trump said last week that “a complete decoupling from China” was an option

24 Jun 2020 12:13 PM

US President Donald Trump suspended the entry into the United States of certain foreign workers on Monday. (AFP Photo)

Trump blocks H1B visa, business groups say decision will hurt US recovery

The visa suspension, will open up 525,000 jobs for US workers, a senior administration official said

23 Jun 2020 10:54 AM

People eat at a restaurant on June 17, 2020, in Washington, DC. (AFP)

US will not lock down again amid rising coronavirus cases

“We won’t be closing the country again. We won’t have to do that,” said the president

18 Jun 2020 10:50 AM

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

09 Jun 2020 8:48 AM

Coronavirus crisis continues to batter the U.S. labor market, with millions more Americans expected to have filed for unemployment benefits. (AP Photo)

US weekly jobless benefits to stay elevated as coronavirus layoffs widen

The economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression of the 1930s,

14 May 2020 10:08 AM

Guests dine in-house at a restaurant in Phoenix. Arizona Gov. Doug Ducey has allowed the reopening of restaurants in-house dining, gyms, spas and community swimming pools since Monday. (AP)

Experts warn virus spikes could emerge even weeks after US reopening

The tension in balancing people’s safety against severe economic fallout is playing out across the world

14 May 2020 9:05 AM

Trump presses for schools to reopen despite Fauci's warnings

Trump, speaking to reporters at the White House, said he found Fauci's latest call for a highly cautious reopening "not acceptable"

14 May 2020 8:56 AM

Coronavirus deals U.S. job losses of 20.5 million. (AFP Photo)

US economy lost a staggering 20.5 million jobs, historic unemployment rate in April

Though millions of Americans continue to file claims for unemployment benefits, April could mark the trough in job losses

10 May 2020 9:02 AM

The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. (AP)

US unemployment surges to a Depression-era level

US Labor Department says that 20.5 million jobs vanished in April in the worst monthly loss on record triggered by shutdowns of businesses

09 May 2020 11:08 AM

Federal Reserve signalled Wednesday that it will keep its key short-term interest rate near zero. (Photo- AFP)

US Fed leaves interest rates near zero, to use full range of tools to help economy

In its statement, the Fed said it is "committed to using its full range of tools to support the US economy in this challenging time”

30 Apr 2020 10:41 AM

Senate passes coronavirus rescue package on unanimous vote

The package is intended as relief for an economy spiraling into recession

26 Mar 2020 10:31 AM

Fed ramps up help to US economy on life support

The Federal Reserve warned of "severe disruptions" from the virus as it rolled out another series of measures to pump funds into the economy

24 Mar 2020 11:34 AM

The report comes on the heels of the US Federal Reserve deciding to keep rates unchanged. (Photo: File)

US economy growing moderately in 4th qtr; likely missed Trump's 3 pc goal

The Trump administration’s 18-month-long trade war with China last year fueled fears of a recession.

30 Jan 2020 2:06 PM

Trump was touting the strength of the US economy in a speech to business executives in New York and said the rest of the world wants to get its share. (Photo: File)

'Dictators, it's ok, come on in': Donald Trump at New York event

Trump said he's happy to deal with any kind of foreign leader able to help the United States.

13 Nov 2019 2:31 PM

No agreement on China tariff rollback: Trump

Amid a steady stream of conflicting reports, Trump's remarks appeared to push back against Beijing's claims.

09 Nov 2019 11:51 AM

Pompeo visit important

While India might even like to take the GSP hit in its stride and move on, the importance of talking to Pompeo cannot be underestimated.

23 Jun 2019 1:42 AM

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Sanjeev Ahluwalia

US economy