US economy
Indian students contributed USD 7.6 billion to US economy last year
India remained the second largest source of international students, despite a 4.4 per cent decline to 193,124 students, a report said
Trump admin imposes new curbs on H-1B visas to protect US workers ahead of presidential election
Already a large number of Indians have lost their jobs and are headed back home during the pandemic that has severely hit the US economy
US expected to report record-breaking economic fall
A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June quarter
Oil prices edge higher on expected US stimulus, weak dollar
The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a surge in US virus cases
Trump threat to 'decouple' US and China hits trade, investment reality
The damage-control efforts by the Trump administration come after Trump said last week that “a complete decoupling from China” was an option
Trump blocks H1B visa, business groups say decision will hurt US recovery
The visa suspension, will open up 525,000 jobs for US workers, a senior administration official said
US will not lock down again amid rising coronavirus cases
“We won’t be closing the country again. We won’t have to do that,” said the president
US economy entered recession in February
US gross domestic product fell at a 4.8% annualized rate in the first three months of the year
US weekly jobless benefits to stay elevated as coronavirus layoffs widen
The economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression of the 1930s,
Experts warn virus spikes could emerge even weeks after US reopening
The tension in balancing people’s safety against severe economic fallout is playing out across the world