US Economy

Tree sales are up 29% so far in 2020, according to a survey of retailers done by Evercore ISI.

Economist Christopher Waller has been confirmed as a Federal Reserve governor, following a party-line vote Thursday in the Senate.

Kaplan said he wouldn’t be in favor of changing the bond-purchasing program even though he sees rocky times ahead for the economy.

Mortgage applications to purchase a home jumped dramatically last week as interest rates sat at a record low, and buyers didn’t take a holiday.

Companies hired 307,000 workers for the month, ADP said, well below the 475,000 estimate from a Dow Jones survey of economists.

The Treasury secretary cited portions of the law that said he didn’t have the authority to allow Fed programs to run past the end of 2020.

“For the first time since the pandemic began, there is now hope for a brighter future,” the OECD said Tuesday.

The viral pandemic is accelerating a transformation of America’s holiday shopping season.

Many of the key programs that the central bank has used since March are expiring at the end of the year.

Banks should stop writing contracts using Libor by the end of 2021, after which the rate no longer will be published.

Mistakes have moved in both directions, with recipients sometimes undercounted and at other times overcounted, according to the GAO.

President-elect Joe Biden announced on Monday several nominees and appointments for the incoming administration’s top economic posts.

“We feel like this is not a trend, this is a connection back to nature,” private retailer L.L.Bean CEO Stephen Smith said on “Squawk on the Street.”

Officials at the meeting voted to keep benchmark short-term borrowing rates anchored near zero.

Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones.

With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world’s airlines is getting worse.

Covid-induced demand from homebuyers over the summer caused an exceptionally strong spike in home prices

Climate change and Covid are creating huge risks for widespread defaults on home loans.

“I think that backstop role might be important for quite some time, so it’s disappointing,” Evans said of the Treasury decision.

The programs were set to expire at the end of the year. They were instituted in early March as markets froze.