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Reuters | Equities.com |

WASHINGTON (Reuters) - Conflicting talk from Trump administration officials about “decoupling” the U.S. economy from China is running into a challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into China continues, and markets are wary of separating the world’s biggest economies.White House trade adviser Peter Navarro gave Asian markets a scare on Monday night by telling Fox News Channel that the U.S.-China trade deal was “over.


AP News | Equities.com |

FRANKFURT, Germany (AP) — German economic experts say output won’t completely bounce back to pre-virus levels until 2022 after a sharp plunge of 6.5% this year, describing the pandemic recession and recovery as taking the shape of a “pronounced V.” The five-member German Council of Economic Experts said Tuesday the economy would see an upswing in the second half of this year followed by more moderate growth reaching 4.9% next year. It said unemployment would continue to rise this year b...


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By Lucia Mutikani WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased more than expected in May and business activity contracted moderately this month, suggesting the economy was on the cusp of recovering from the recession caused by the COVID-19 crisis. But a resurgence in confirmed coronavirus cases across the country threatens the nascent signs of improvement evident in Tuesday’s economic data. Many states have reported record daily increases in COVID-19 infections,...


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By Moira Warburton TORONTO (Reuters) - Toronto, Canada’s most-populous city and financial capital, will allow businesses to reopen starting on Wednesday, joining other regions in the province of Ontario in ending a three-month pandemic lockdown, Ontario Premier Doug Ford said on Monday. Malls and restaurants in Toronto, along with Peel Region, which includes some of the city’s densely populated suburbs, will be able to open their patios, according to the government’s plan. Ontario, Cana...


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BENGALURU (Reuters) - The Federal Reserve struck the right tone in its first pandemic-era economic outlook, suggesting years of extraordinary policy support for an economy facing a slow and long slog back, according to a majority of economists in a Reuters poll.While the June 15-22 poll of over 100 economists showed a recovery from the steepest economic downturn was underway as commerce reopens, the loss of output in the first half of this year was not expected to be recouped by...


AP News | Equities.com |

WASHINGTON (AP) — Existing home sales in the U.S. plunged 9.7% in May. It was the third straight monthly decline and further evidence of the harm the virus pandemic has done to the housing market.The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally adjusted annual rate of 3.91 million, the slowest pace since a home buyers tax credit expired in October 2010.Sales fell in all regions of the country, with the biggest decline coming in the Nor...


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LONDON (Reuters) - Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the view that the recent explosion of government spending and central bank stimulus may finally rouse inflation from its decade-long slumber. With the world economy forecast to shrink 6% this year, it may seem like a strange time to fret about inflation. And sure enough, market-based gauges suggest an uptrend in prices may not troub...


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WASHINGTON (AP) — Employers added jobs in 46 states last month, evidence that the U.S. economy’s surprise hiring gain in May was spread broadly across the country — in both states that began reopening their economies early and those that did so only later. Unemployment rates fell in 38 states, rose in three and were largely unchanged in nine, the Labor Department said Friday. The disparities ranged from Nevada, with the highest rate (25.3%), Hawaii (22.6%) and Michigan (21.2%) to Nebras...


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WASHINGTON (Reuters) - A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday. Details will be available when the International Monetary Fund releases its updated World Economic Outlook on June 24, spokesman Gerry Rice told a regular briefing held online. Given the continuing lockdowns, the pace of rec...


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WASHINGTON (Reuters) - A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.Initial claims for state unemployment benefits totaled a seasonally adjusted 1.508 million for the week ended June 13, down from 1.566 million in the prior week, the Labor Department said on Thursday. The 11th straight wee...