A woman in a protective face mask waits for clients in a souvenir shop in landmark Southbank – a cultural centre of London as the city encourages internal tourism after global Coronavirus lockdown drastically shrunk international tourism in London, England, August 10, 2020. Dominika Zarzycka/Zuma Press The British economy collapsed …
Read More »
The U.S. economy probably suffered a steep decline in hiring and job creation in July, but rarely has Wall Street been so flummoxed about the state of the labor market. The resurgence of the coronavirus epidemic in many American states and a potentially big shift in school employment could throw …
Read More »
The stock market’s ability to shrug off the economic destruction and gloomy coronavirus headlines continues to enrich emboldened bulls and baffle even some of the savviest Wall Street pros. A big dose of reality, however, looms large, if Andrew Lapthorne, the global head of quantitative research at Societe Generale, has …
Read More »
There are good economic reports, there are bad ones, and in some rate cases there are ugly ones. This week, we get ugly. We will find out how deep a hole the U.S. economy fell into in the second quarter this year when non-essential businesses closed down in many parts …
Read More »
Britain’s Chancellor of the Exchequer Rishi Sunak talks with staff as he visits a Jobcentre Plus in Barking, east London on July 16, 2020. anthony upton/Agence France-Presse/Getty Images Britain has racked up debt as its economy has cratered, sending its debt-to-GDP ratio to the highest level since 1961, according to …
Read More »
A sign informing shoppers that the shop is temporarily closed is displayed outside a John Lewis store in Oxford Street, central London on July 2, 2020. (Photo by Ben STANSALL / AFP) (Photo by BEN STANSALL/AFP via Getty Images) ben stansall/Agence France-Presse/Getty Images Between 450,000 and 500,000 people were furloughed …
Read More »
The numbers: The number of initial jobless claims fell by almost 100,000 in early July to a four-month low 1.31 million, but the pace of layoffs is still quite high and appears to be bogging down an economic recovery from the coronavirus pandemic. Initial jobless claims, a rough gauge of …
Read More »
European stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India. Up 2% last week, the Stoxx Europe 600 SXXP, +1.57% rose 1.6%. London-listed shares of HSBC Holdings HSBA, +4.82% and Standard Chartered STAN, +4.27% jumped, responding to the …
Read More »
The U.S. got some great news Thursday with the rehiring of 4.9 million people in June, but the two steps forward the economy took in May and June could be followed by one step back in July. The problem? A resurgence in coronavirus cases, especially in states that allowed their …
Read More »