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Business Highlights

___ Mnuchin and Powell push differing priorities to aid economy WASHINGTON (AP) – Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell offered Congress contrasting views of what the government´s most urgent priority should be. Mnuchin struck a theme pushed by President Donald Trump by warning that prolonged business shutdowns would pose long-term threats […]

U.S. housing starts drop more than expected

WASHINGTON, osanabrealty May 19 (Reuters) – U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression. Housing starts tumbled 30.2% to a seasonally adjusted annual rate of 891,000 units last month, osanabhousing the lowest […]

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