Economic outlook

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)
July 03, 2020 - 12:47 pm
World stock markets fell slightly in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U.S. With Wall Street remaining closed in observance of Independence Day, Germany's DAX edged 0.6% lower to 12,528.18. The CAC 40 in Paris dropped 0.8% to 5,007...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 30, 2020. Asian shares are rising, cheered by a rally on Wally Street that underlined some optimism about global business performance despite the ongoing coronavirus pandemic. (AP Photo/Vincent Yu)
June 29, 2020 - 11:27 pm
TOKYO (AP) — Asian shares rose Tuesday, cheered by a rally on Wally Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks. Japan's benchmark Nikkei 225 gained 1.8% in morning trading to 22,380.02. South Korea's Kospi gained 1.5% to 2,123...
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FILE - In this March 3, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference in Washington. Powell says the outlook for the U.S. economy is “extraordinarily uncertain” and the success of the recovery effort will depend in large part on the country’s ability to contain the spread of the coronavirus. “A full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activities,” Powell says in testimony he is scheduled to deliver Tuesday, June 30, 2020 in an appearance with Treasury Secretary Steven Mnuchin before the House Financial Services Committee. (AP Photo/Jacquelyn Martin, file)
June 29, 2020 - 5:16 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the outlook for the U.S. economy is “extraordinarily uncertain” and the success of the recovery effort will depend in large part on the country’s ability to contain the spread of the coronavirus. “A full recovery is unlikely until people...
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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, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)
June 26, 2020 - 5:35 pm
Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The combination injected new jitters into a market that's been mostly riding high since April on hopes...
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Shoppers, left, head to the entrance as a sign on the outside wall invites customers to shop inside a Best Buy store Wednesday, June 24, 2020 in Richfield, Minn. as restrictions due to the coronavirus have eased in Minnesota. (AP Photo/Jim Mone)
June 26, 2020 - 9:31 am
WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter. Last month's rebound in consumer spending followed...
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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, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)
June 25, 2020 - 11:28 pm
BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. Benchmarks in Tokyo, Sydney and Southeast Asia advanced while Hong Kong declined. Chinese markets were closed for a holiday. Wall Street closed...
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A man walks past a retail store that is going out of business due to the coronavirus pandemic in Winnetka, Ill., Tuesday, June 23, 2020. Illinois Gov. J.B Pritzker announced a package of state grant programs that will help support communities and businesses impacted by the COVID-19 pandemic and unrest in the area. (AP Photo/Nam Y. Huh)
WBEN Newsroom
June 25, 2020 - 3:49 pm
WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment aid barely fell last week, and the reopening of small businesses has leveled off — evidence that the job market's gains may have stalled just as a surge in coronavirus cases is endangering an economic recovery. The...
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An empty parking lot is seen at a temporarily closed Kohl's department store, Wednesday, April 29, 2020, in Havertown, Pa. Devastated by the coronavirus, the U.S. economy is sinking. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the year. (AP Photo/Matt Slocum)
June 25, 2020 - 1:04 pm
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter and a vastly worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the U.S. The Commerce Department reported Thursday that the decline in the gross domestic...
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FILE - In this Jan. 27, 2020 file photo a worker pushes a cart past refrigerators at a Home Depot store location in Boston. On Thursday, June 25, orders to American factories for big-ticket goods rebounded last month from a disastrous May as the U.S. economy began to slowly reopen. (AP Photo/Steven Senne)
June 25, 2020 - 9:46 am
WASHINGTON (AP) — Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, June 24, 2020. Asian shares were mostly higher on Wednesday with another mood boost from Wall Street, but fears persist over the surge in coronavirus cases in parts of the world. (AP Photo/Eugene Hoshiko)
June 24, 2020 - 4:39 pm
Wall Street's recent rally hit a snag Wednesday as new coronavirus cases in the U.S. climbed to the highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround. The S&P 500 skidded 2.6%, shedding its gains for the week and leaving it nearly in the red for...
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