Economics

March 20March 20
Economist: Repercussions from Coronavirus May Include Recession
The full economic fallout stemming from novel coronavirus is yet to be determined, but the threat of a national recession looms on the horizon, a UC Riverside economist said Friday. “This is unprecedented in nature and by far the worst threat facing the U.S. economic expansion since it began over a decade ago,” Chris Thornberg, […]
March 03March 03
Federal Reserve announces first emergency rate cut since the financial crisis
- National
(CNN) — The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of concerns about the coronavirus outbreak. It was the first unscheduled, emergency rate cut since 2008, and it also marks the biggest one-time cut since then. The […]
February 27February 27
Riverside Metropolitan Area Among 25 Top Performers Economically: Report
- Community
- Local
The Riverside-San Bernardino-Ontario metropolitan area remained Wednesday on the list of the 25 top-performing regional economies throughout the United States in an annual survey, but the metro location slipped compared to last year. The Santa Monica-based Milken Institute’s “Best Performing Cities 2020: Where America’s Jobs Are Created & Sustained” showed Riverside metro landed at 25 […]
January 31January 31
The UK has left the EU — and the implications for the world are huge
- Entertainment
Brexit has happened. After 1,316 days of political turmoil, the UK now stands alone as the first nation to have ever left the European Union. It has ended the careers of two Prime Ministers and left the very future of the United Kingdom in question. Scotland’s case for independence is becoming harder to ignore while […]
January 10January 10
Dow hits a new record: 29,000 points
- Entertainment
The Dow on Friday reached 29,000 points for the first time, as stocks climbed across the board. The Dow rose as much as 44 points, or 0.2%, to cross 29,000 points, but shortly after, it fell back below the key level. The index fell just short of that mark at Thursday’s close, but still finished […]
September 18September 18
Fed cuts rates for second time since 2008 recession
- National
The Federal Reserve on Wednesday cut interest rates for the second time in two months amid growing worries about a potential global slowdown. Officials also left the door open for a further rate cut this year, reinforcing the message by Fed chairman Jerome Powell that policymakers would do whatever necessary to prevent a recession. The […]
April 30April 30
Trump’s pick for Federal Reserve says main economic issue is decline in male earnings
- National
The drop in earnings for men is the biggest challenge facing the economy, according to Stephen Moore, the man President Donald Trump has said he wants to nominate to the Federal Reserve board. During a CNBC interview, Moore faced questions about past writings, some of which have been classified as sexist by his detractors. Anchor […]
January 29January 29
Bloomberg criticizes Trump’s handling of government shutdown, climate change
- National
While giving remarks focused on climate change policy, former New York City Mayor Mike Bloomberg spoke out against President Donald Trump’s handling of the recent government shutdown and criticized his policies on coal and the climate.

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