Economic outlook

Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
SKY News
October 07, 2020 - 2:32 pm
WASHINGTON (AP) — Federal Reserve officials last month believed that while the U.S. economy was recovering faster than expected, it faced ongoing threats, including a failure by Congress to provide further rescue aid. The Fed on Wednesday released minutes of its most recent meeting, showing that...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 15, 2020. Shares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired. (AP Photo/Eugene Hoshiko)
SKY News
July 15, 2020 - 4:36 pm
NEW YORK (AP) — Markets worldwide rallied on rising hopes for a COVID-19 vaccine Wednesday, and the S&P 500 climbed back to where it was a few days after it set its record early this year. Investors see a vaccine as the best way for the economy and human life to get back to normal, and...
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Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)
SKY News
July 10, 2020 - 4:32 pm
NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)
June 15, 2020 - 11:38 am
NEW YORK (AP) — Stocks are falling again Monday on fears that new waves of coronavirus infections could derail the swift economic recovery that Wall Street was sure was on the way. The S&P 500 was down 0.9% in midday trading, though it pared its loss through the morning after being down 2.5%...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)
June 14, 2020 - 11:51 pm
TOKYO (AP) — Shares were mostly lower in Asia on Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. Benchmarks in Tokyo, Sydney and Shanghai fell after China reported an outbreak of new infections in Beijing and...
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New York Stock Exchange
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SKY News
June 12, 2020 - 9:40 am
Stocks are opening higher on Wall Street a day after major indexes fell more than 5% for their biggest drops since mid-March. The S&P 500 rose 2.6% in the first few minutes of trading Friday, but is still on track for a weekly loss following three weeks of solid gains. Small-company stocks and...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index and New York Dow index at a securities firm in Tokyo Friday, June 12, 2020. Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. (AP Photo/Eugene Hoshiko)
June 11, 2020 - 11:18 pm
Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. Fear that a so-called “second wave,” is already coming has punctured bubbling optimism that a quick economic recovery was already underway...
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NYSE traders
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SKY News
June 11, 2020 - 5:43 pm
Stocks fell sharply Thursday on Wall Street as coronavirus cases in the U.S. increased again, deflating recent optimism that the economy could recover quickly from its worst crisis in decades and raising doubts about whether the market's scorching comeback can last. The Dow Jones Industrial Average...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 10, 2020. Shares were trading slightly higher in Asia on Wednesday after a weekslong rally on Wall Street hit the brakes. (AP Photo/Ahn Young-joon)
June 10, 2020 - 3:06 pm
U.S. stock indexes were mostly lower Wednesday afternoon in choppy trading after the Federal Reserve said it expects to keep interest rates low through 2022 and keep up its bond purchases. The S&P 500 was down 0.5% after initially rising to 0.4% following the release of the central bank's...
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In this May 6, 2020 photo, a man begs at a roadside during a lockdown to help to contain a spread of coronavirus in Peshawar, Pakistan. For millions of people who live in poor and troubled regions of the world, the novel coronavirus is only the latest epidemic. They already face a plethora of fatal and crippling infectious diseases: polio, Ebola, cholera, dengue, tuberculosis and malaria, to name a few. The diseases are made worse by chronic poverty that leads to malnutrition and violence that disrupts vaccination campaigns. ( AP Photo/Muhammad Sajjad)
June 10, 2020 - 6:31 am
PARIS (AP) — The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday. Hundreds of millions of people have lost their jobs, and the crisis is hitting...
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