Economy

A new monthly survey of bankers shows the economy making some improvements but remaining weak in rural parts of 10 Plains and Western states.

Big technology stocks once again led way. At its depths, the S&P 500 had been down nearly 34% when worries about the recession were at their height.

According to the weekly Baker Hughes rig count only one oil rig is drilling in Wyoming.

The economy’s collapse in the April-June quarter was stunning in its speed and depth.

Stocks are falling in early trading on Wall Street Thursday after the U.S. and Germany reported record contractions in their economies.

The previous worst quarterly contraction, a 10% drop, occurred in 1958 during the Eisenhower administration.

The S&P 500 was 0.9% higher in early afternoon trading, while Treasury yields were holding steady and gold touched another record high.

He said the country can continue to reopen schools and businesses safely despite the continuing pandemic.

Former Federal Reserve Chairs Ben Bernanke and Janet Yellen say Congress should do more to help the economy.

The IMF expects the U.S. economy to rebound to 3.9% growth next year.