The U.S. added a robust 379,000 jobs in February and the economy is primed to take off, but improved growth prospects might come with a cost in the short run. In a word, inflation. Make no mistake, inflation is still very low right now and it has been for the …
Read More »NewsWatch: These copper-exposed stocks can surge in 2021 as tailwinds line up, Morgan Stanley says
MARKETWATCH FRONT PAGE Copper-exposed stocks could be set to surge in 2021 and a buying opportunity may be around the corner, Morgan Stanley analysts said on Monday. See full story. Bill Gates is now the largest farmland owner in America Bill Gates may no longer be the world’s richest man, …
Read More »Economic Report: U.S. manufacturers grow faster in December despite coronavirus surge, ISM finds
The numbers: U.S. manufacturers said business improved in December for the eight month in a row and new orders matched a pandemic high, signaling they are weathering the record coronavirus outbreak better than other major industries. The Institute for Supply Management said its manufacturing index rose to 60.7% in December from …
Read More »Economic Report: Consumer confidence deflates in November after record coronavirus surge
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 …
Read More »Capitol Report: Trump defends his trip to Kenosha, praises stock market’s August surge
President Donald Trump at a news conference on Monday evening defended his decision to visit Kenosha, Wis., as he also declined to criticize the teen accused of fatally shooting two protesters in that small city. The president was asked at the news conference about whether he had considered not making …
Read More »Dispatches from a Pandemic: ‘We are now experiencing the aftershock’: As Italy’s death toll exceeds 10,000, Italians wait for the coronavirus surge to finally peak
Emanuele Cremaschi/Getty Images A mural dedicated to all Italian medical workers depicting a nurse cradling Italy and reading ‘To All Of You… Thank You!’, on a wall of Papa Giovanni XXIII Hospital in Bergamo, Italy. Bergamo is the epicenter of Italy’s hardest-hit region, Lombardy. The Italian government continues to enforce …
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