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World 24 Sep 2020 | 6:57 AM

U.S. stocks resume sell-off on weaker data, dim outlook

NEW YORK, Sept. 23 (Xinhua) -- U.S. stocks saw the return of heavy sell-off on Wednesday amid weakening of macroeconomic indicators and overshadowed recovery outlook.

World 24 Sep 2020 | 12:23 AM

NBER panel not ready to declare end of U.S. recession: media

WASHINGTON, Sept. 23 (Xinhua) -- While the U.S. economy has picked up in recent months, the panel of elite economists at the National Bureau of Economic Research (NBER) isn't ready to declare that the COVID-19 induced recession is over, local media reported on Wednesday.

World 23 Sep 2020 | 4:51 AM

U.S. Fed chief says recovery will go faster with further fiscal relief

WASHINGTON, Sept. 22 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said Tuesday fiscal stimulus has helped support the economic recovery from the COVID-19 induced recession, noting that the recovery will go faster if there is further fiscal stimulus.

World 23 Sep 2020 | 1:57 AM

U.S. administration ready to reach bipartisan COVID-19 relief agreement: Mnuchin

WASHINGTON, Sept. 22 (Xinhua) -- U.S. Treasury Secretary Steven Mnuchin said Tuesday the administration continues to try to work with Congress and is ready to reach a bipartisan COVID-19 relief agreement, noting that a "targeted" package is still needed.

World 23 Sep 2020 | 12:16 AM

U.S. stocks open slightly higher following prior session's sell-off

NEW YORK, Sept. 22 (Xinhua) -- U.S. stocks opened slightly higher on Tuesday as Wall Street was attempting to rebound from previous session's market sell-off.

World 22 Sep 2020 | 6:41 AM

Path ahead for U.S. economy continues to be "highly uncertain": Fed chief

WASHINGTON, Sept. 21 (Xinhua) -- While the U.S. economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.