Philadelphia Federal Reserve news and trends

Fed’s Harker Warns Of Economic Fallout Of Increased COVID Cases
Economy // July 15, 2020

Philadelphia Federal Reserve President Patrick Harker says the mass spikes in coronavirus cases across the U.S. will likely dampen the economy as well, Reuters reported. Harker said the impact could be twofold in its damage. “There’s both the direct economic impact of businesses having to...

Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus
Economy // March 24, 2020

One of the first Federal Reserve reports to measure the U.S. economy since the coronavirus pandemic began is pointing to a grim future. The Philadelphia Federal Reserve’s March Nonmanufacturing Business Outlook Survey showed steep declines Tuesday (March 24) in most data points, with three of...

Honda Stops Production In Japan After Computer Virus Hits Plant
Fraud Attack // June 22, 2017

Honda Motor Co. had to stop production at a domestic vehicle plant in Japan for a day after finding the WannaCry ransomware in its computer network. According to Reuters, the automaker shut production on Monday (June 19) at its Sayama plant, northwest of Tokyo, which...

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Fed’s Harker Warns Of Economic Fallout Of Increased COVID Cases

July 15, 2020
Philadelphia Federal Reserve President Patrick Harker says the mass spikes in coronavirus cases across the U.S. will likely dampen the economy as well, Reuters reported. Harker said the impact could be twofold in its damage. “There’s both the direct economic impact of businesses having to close down,” Harker said during a webinar organized by the […]

Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus

March 24, 2020
One of the first Federal Reserve reports to measure the U.S. economy since the coronavirus pandemic began is pointing to a grim future. The Philadelphia Federal Reserve’s March Nonmanufacturing Business...

Honda Stops Production In Japan After Computer Virus Hits Plant

June 22, 2017
Honda Motor Co. had to stop production at a domestic vehicle plant in Japan for a day after finding the WannaCry ransomware in its computer network. According to Reuters, the...