The numbers: A pair of surveys of U.S. businesses added to mounting evidence on Wednesday that the economy is slowing in the wake of a record coronavirus outbreak. IHS Markit said its “flash” survey of executives at service-oriented companies such as restaurants, financial firms and health-care providers fell to 55.3 …
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Stock markets certainly have reacted to the good news on the rollout of a COVID-19 vaccine. The S&P 500 SPX, -0.79% has gained about 6% since Pfizer PFE, -1.67% first announced its vaccine was more than 90% successful in treating COVID-19, as has the MSCI World 892400, -0.46%. But that’s …
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The election of Joe Biden as president has increased confidence among Democrats, but not enough to counter growing worries about the record spike in coronavirus cases. alex edelman/Agence France-Presse/Getty Images The numbers: Consumer confidence fell in November to a three-month low after a record wave of coronavirus cases spurred some …
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Economists and other analysts were sounding off Monday following news that President-elect Joe Biden has selected former Federal Reserve Chairwoman Janet Yellen to lead the Treasury Department. Biden plans to nominate Yellen, said a Wall Street Journal article citing unnamed sources, and other news outlets also reported that she was …
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The U.S. economy might be getting ill again from the coronavirus. Mario Tama/Getty Images The numbers: The U.S. economy expanded again in October at a moderate pace, according to a survey of leading indicators, but growth is slowing and likely to taper off even further as the coronavirus reasserts itself. …
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A restaurant displays a “Now Hiring” sign amid the coronavirus pandemic in Arlington, Virginia. Companies are still hiring more workers, but not as fast as they were during the summer. olivier douliery/Agence France-Presse/Getty Images The numbers: Job openings in the U.S. rose slightly in September and layoffs declined, but hiring …
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Fishing boats moored at the port of Le Guilvinec, western France. AFP via Getty Images Negotiations between the European Union and the U.K. will resume in London on Thursday after a few tense days. U.K. Prime Minister Boris Johnson had threatened to end the talks because EU leaders took a …
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The U.S. stock market has rebounded mightily in recent months but Howard Marks cautions investors to brace for a tough slog in the economy, and that’s even if a fresh fiscal stimulus package can be passed by Congress to help heal the coronavirus-stricken business climate. “Thus, this down-cycle cannot be …
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Members of the public walk past the Cineworld cinema in Leicester Square on October 05, 2020 in London, England. Dan Kitwood/Getty Images The U.K. jobless rate jumped to 4.5% in the June to August period, the Office for National Statistics reported on Tuesday. The unemployment rate was higher than the …
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