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World 21 Nov 2020 | 6:54 AM

U.S. Fed to return unused emergency lending funds to Treasury: Fed chief

WASHINGTON, Nov. 20 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said on Friday that the central bank will return unused funds of the emergency COVID-19 lending facilities to the Treasury Department.

World 19 Nov 2020 | 10:40 AM

Factbox: Giuliani and the lawyers behind Trump's efforts to overturn election results

(Reuters) - As established law firms withdrew from representing President Donald Trump in his long-shot challenges to U.S. election results, his personal lawyer Rudy Giuliani has spearheaded the continuing effort, despite a lack of evidence of widespread fraud and a string of losses.

World 15 Nov 2020 | 4:45 AM

Roundup: U.S. equities post mixed weekly results amid surging COVID-19 cases, vaccine news

NEW YORK, Nov. 14 (Xinhua) -- Wall Street's major averages posted mixed results in the week as investors digested news on a coronavirus vaccine candidate, while continuing show concerns over soaring U.S. COVID-19 infections.

World 14 Nov 2020 | 5:55 AM

U.S. stocks rally following prior session's sell-off

NEW YORK, Nov. 13 (Xinhua) -- U.S. stocks finished higher on Friday, following a noticeable decline in the prior session.

World 14 Nov 2020 | 4:22 AM

U.S. dollar weakens as traders weigh coronavirus impact

NEW YORK, Nov. 13 (Xinhua) -- The U.S. dollar slipped in late trading on Friday as market participants weighed economic impact from soaring COVID-19 infections.

World 13 Nov 2020 | 6:07 AM

U.S. stocks drop amid coronavirus concerns

NEW YORK, Nov. 12 (Xinhua) -- U.S. stocks fell on Thursday as the nation's soaring coronavirus infections continued to present a headwind.

World 13 Nov 2020 | 4:55 AM

Surge of COVID-19 cases could hinder U.S. economic recovery: Fed chief

WASHINGTON, Nov. 12 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell on Thursday warned that a record surge in COVID-19 cases across the country could hinder the recent economic recovery.

World 07 Nov 2020 | 5:07 AM

U.S. unemployment rate falls to 6.9 pct in October as labor market slowly recovers

WASHINGTON, Nov. 6 (Xinhua) -- U.S. employers added 638,000 jobs in October and the unemployment rate dropped to 6.9 percent, as the nation's pandemic-ravaged labor market continues to slowly recover, the U.S. Labor Department reported Friday.