Automakers and other companies are rebuilding their inventories again as sales pick up. jeff kowalsky/Agence France-Presse/Getty Images U.S. wholesale inventories rose by 0.4% in August as companies began to stock up again to replace dwindling supplies. Inventories of durable goods, such as autos and lumber, increased by 0.6%. Stockpiles of …
Read More »
People walk through a crowded shopping street in Birmingham, central England on August 22, 2020. justin tallis/Agence France-Presse/Getty Images The U.K. economy grew 2.1% in August, according to data released Friday that showed the slowest monthly gain since the initial lockdowns. The gain in gross domestic product leaves the U.K. …
Read More »
Americans grew more optimistic toward the end of September as consumer sentiment reached a six-month high, reflecting more confidence in the U..S. economy after a summer lull. The final consumer sentiment survey in September climbed to 80.4 from a preliminary reading of 78.9, the University of Michigan said Friday. It …
Read More »
Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. Market Extra:Why the Dow dived: Ginsburg replacement battle amplifies election jitters, uncertainty over stimulus Hong Kong’s Hang Seng HSI, -0.86% lost 0.3% to 23,894.72 and the Kospi 180721, -2.37% in South Korea sank 1.7% …
Read More »
A shopper wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, walks in an empty Covent Garden in London on June 15, 2020 as some nonessential retailers reopen from their coronavirus shutdown. tolga akmen/Agence France-Presse/Getty Images U.K. retail sales logged a fourth …
Read More »
Workers wear NHS Test and Trace branded Hi-Vis jackets as they work at a COVID-19 testing centre in Bolton, northern England on September 9, 2020, as local lockdown restrictions are put in place due to a spike in cases of the novel coronavirus in the city. oli scarff/Agence France-Presse/Getty Images …
Read More »
Shoppers walk by a discoloured patch of pavement in The Maltings shopping centre in Salisbury, southern England on September 4, 2020 . adrian dennis/Agence France-Presse/Getty Images The U.K. economy expanded by 6.6% in July, for its third consecutive monthly increase, according to data released Friday. The U.K. Office for National …
Read More »
Right now, there are two sides to the economy: Wall Street and everything else. Big tech stocks continue to grow and have pushed the S&P 500 to a record high this week. The Nasdaq also hit all-time highs thanks to FAANG stocks. Facebook, Alphabet, Amazon, Netflix and Google dominate the …
Read More »
Americans didn’t feel any better about the economy or their own financial situation in August than they did in the previous month, reflecting broad worries about the still-spreading coronavirus and the likelihood of a slow recovery, a new survey showed. The preliminary reading of the consumer sentiment survey in August …
Read More »