The reports, while the latest to paint a dark picture of the US economy's prospects, were not unexpected, analysts said.
Mr Trump was expected later in the day to outline his steps to bring the US economy back online, saying on Twitter,"We are having very productive calls with the leaders of every sector of the economy who are all-in on getting America back to work, and soon." S&P further reduced its outlook for the US economy on Thursday, projecting a 2020 contraction of 5.3 per cent, worse than the previous decline of 1.3 per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US crude stocks jump by a record 19 mln barrels as refiners cut back: EIAU.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase in history, the U.S. Energy Information ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Stocks end higher on improving coronavirus outlook[NEW YORK] Wall Street stocks finished solidly higher on Tuesday as markets embraced better coronavirus case counts in some hotspots, even as banking earnings pointed to economic weakness. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks finish higher despite weak economic dataNEW YORK (AFP) - Wall Street stocks finished higher on Thursday (April 16) despite another round of bleak economic data as President Donald Trump vowed to press ahead with reopening the economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »