Economic stimulus

A woman walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 2, 2020. Asian markets are mixed after the U.S. benchmark S&P 500 set another record. (AP Photo/Koji Sasahara)
KNSS News
December 01, 2020 - 9:44 pm
Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite to new highs. Australia reported its economy expanded 3.3% in the July-September quarter as the country recovered from pandemic lockdowns. That...
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FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. The Fed on Wednesday, Nov. 25, released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances could shift to warrant such adjustments.” (Drew Angerer/Pool via AP, file)
November 25, 2020 - 2:55 pm
WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no...
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Fans wearing face masks as a precaution against the coronavirus cheer during the Game 4 of the Korean Series, the Korea Baseball Organization's championship round, between Doosan Bears and NC Dinos at Gocheok Sky Dome in Seoul, South Korea, Saturday, Nov. 21, 2020. (AP Photo/Ahn Young-joon)
November 21, 2020 - 3:01 am
SEOUL, South Korea (AP) — South Korea has reported 386 new cases of the coronavirus in a resurgence that could force authorities to reimpose stronger social distancing restrictions after easing them in October to spur a faltering economy. The figures released by the Korea Disease Control and...
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FILE - In this Friday, Nov. 6, 2020, file photo, a man wearing a face mask rides a bicycle past a closed store in Wilmette, Ill. States in the U.S. are renewing their push for more federal money to deal with the fallout from the coronavirus outbreak and to help them distribute a vaccine when one becomes widely available sometime in 2021. (AP Photo/Nam Y. Huh, File)
November 17, 2020 - 4:59 pm
With more shutdowns looming and a vaccine months away from wide distribution, governors across the U.S. are pleading for more help from Washington ahead of what is shaping up to be a bleak winter. Renewed restrictions on indoor businesses, overloaded hospitals and the coming end of unemployment...
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FILE - World Food Program (WFP) Executive Director David Beasley speaks to the media about the organization's Nobel Peace Prize win, at the airport in Ouagadougou, Burkina Faso, late Friday, Oct. 9, 2020. Beasley says the Nobel Peace Prize has given the U.N. agency a spotlight and megaphone to warn world leaders that next year is going to be worse than this year, and without billions of dollars “we are going to have famines of biblical proportions in 2021.” (AP Photo/Sam Mednick)
November 14, 2020 - 3:47 pm
UNITED NATIONS (AP) — The head of the World Food Program says the Nobel Peace Prize has given the U.N. agency a spotlight and megaphone to warn world leaders that next year is going to be worse than this year, and without billions of dollars “we are going to have famines of biblical proportions in...
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FILE - In this Friday, March 27, 2020, file photo, a man walks past the closed Cafe Du Monde restaurant in the French Quarter of New Orleans. President-elect Joe Biden will inherit a mangled U.S. economy, one that never fully healed from the coronavirus and could suffer again as new infections are climbing. The once robust recovery has shown signs of gasping after federal aid lapsed. Ten million remain jobless and more layoffs are becoming permanent. The Federal Reserve found that factory output dropped. (AP Photo/Gerald Herbert, File)
November 08, 2020 - 11:55 pm
BALTIMORE (AP) — Joe Biden will inherit a mangled U.S. economy — one that never fully healed from the coronavirus and could suffer again as new infections are climbing. The once robust recovery has shown signs of gasping after federal aid lapsed. Ten million remain jobless and more layoffs are...
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A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong,, Thursday, Nov. 5, 2020. Asian shares have advanced after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2%.(AP Photo/Kin Cheung)
November 04, 2020 - 9:55 pm
Asian shares advanced Thursday after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2% while the outcome of the U.S. presidential election remained in limbo. Hong Kong's benchmark led the region, gaining 2.4%, while...
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FILE - In this Monday, Sept. 21, 2020, file photo, a giant American Flag hangs on the New York Stock Exchange. U.S. stocks are climbing Monday, Nov. 2, 2020, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week. (AP Photo/Mary Altaffer, File)
November 02, 2020 - 3:46 pm
Stocks notched broad gains on Wall Street Monday as investors looked ahead to Election Day and the potential for a turbulent stretch for markets. The S&P 500 climbed 1.2%, recouping some of its losses from a sharp sell-off last week, as more companies reported stronger profits for the summer...
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A passer-by walks past a store closing sign, right, in the window of a department store, Tuesday, Oct. 27, 2020, in Boston. Americans may feel whiplashed by a report Thursday, Oct. 29, on the economy's growth this summer, when an explosive rebound followed an epic collapse. The government will likely estimate that the economy grew faster on an annualized basis last quarter than in any such period since record-keeping began in 1947.(AP Photo/Steven Senne)
October 30, 2020 - 9:16 am
WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding to concerns that Americans remain cautious with the viral pandemic resurging across the country and impeding the economy. The September gain...
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FILE - In this Sept. 11, 2020 file photo, European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany. The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn early this year. The bank on Thursday, Oct. 29, made no change to its 1.35 trillion ($1.58 trillion) pandemic emergency bond purchase program, which pumps newly created money into the economy to keep credit flowing to businesses and promote economic activity. Hannibal Hanschke/Pool Photo via AP, File)
October 29, 2020 - 8:21 am
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but signaled that more could be coming at its December meeting given that risks are “clearly tilted to the downside” and new staff projections would make possible “a thorough reassessment...
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