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World 07 Oct 2020 | 3:48 AM

Spotlight: U.S. Fed chief warns of recessionary dynamics as relief talks drag on

WASHINGTON, Oct. 6 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell warned on Tuesday that a prolonged slowing economic recovery from the pandemic could trigger typical recessionary dynamics, as the COVID-19 relief talks drag on with no bipartisan deal in sight.

World 07 Oct 2020 | 3:03 AM

Gold down after Fed chairman remarks

CHICAGO, Oct. 6 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the market reacted to Federal Reserve Chairman Jerome Powell's remarks.

World 07 Oct 2020 | 1:08 AM

2nd LD Writethru: U.S. Fed chief warns of recessionary dynamics amid slower, incomplete recovery

WASHINGTON, Oct. 6 (Xinhua) -- U.S. economic recovery remains far from complete and a prolonged slowing in the pace of improvement over time could trigger typical recessionary dynamics, U.S. Federal Reserve Chairman Jerome Powell said Tuesday.

World 07 Oct 2020 | 12:14 AM

1st LD: U.S. Fed chief warns of recessionary dynamics amid slower, incomplete recovery

WASHINGTON, Oct. 6 (Xinhua) -- U.S. economic recovery remains far from complete and a prolonged slowing in the pace of improvement over time could trigger typical recessionary dynamics, U.S. Federal Reserve Chairman Jerome Powell said Tuesday.

World 06 Oct 2020 | 3:18 AM

Nvidia announces partnership with Britain's GSK for drug, vaccine discovery

SAN FRANCISCO, Oct. 5 (Xinhua) -- U.S. computer giant Nvidia Corporation on Monday announced a partnership with global healthcare company GSK and its AI group, which is applying computation to drug and vaccine discovery process.

World 03 Oct 2020 | 6:28 AM

Spotlight: U.S. labor market recovery slows in September, with more layoffs turning permanent

WASHINGTON, Oct. 2 (Xinhua) -- September saw the smallest hiring gains since the pandemic-ravaged labor market started to recover in May. With more layoffs turning permanent, the U.S. economy faces a long, bumpy road to full recovery.

World 01 Oct 2020 | 1:24 AM

Spotlight: U.S. economy contracts 31.4 pct in Q2, recovery path uncertain

WASHINGTON, Sept. 30 (Xinhua) -- The latest data released Wednesday showed that the U.S. economy contracted at an annual rate of 31.4 percent in the second quarter, with an uncertain path to recovery amid efforts to control the COVID-19 pandemic.

World 28 Sep 2020 | 2:02 AM

U.S. House speaker says there's chance to reach agreement on COVID-19 relief package

WASHINGTON, Sept. 27 (Xinhua) -- U.S. House Speaker Nancy Pelosi said on Sunday that there's a chance she and Treasury Secretary Steven Mnuchin could reach an agreement on the next COVID-19 relief package.

World 25 Sep 2020 | 5:36 AM

Lack of fiscal support poses downside risk to U.S. economy: Fed chief

WASHINGTON, Sept. 24 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said on Thursday that the lack of further fiscal support would pose a downside risk to the U.S. economy, which is recovering from the COVID-19 induced recession.