September 14, 2020
“Citigroup Inc. has a message to cheer up despairing oil bulls: prices will get back to $60 a barrel before the end of 2021… It will take until late 2021 for global oil consumption to return to the 2019 level… Continue Reading…
September 13, 2020
“Global soybean demand has been robust recently, with new American crop sales at record levels, said Jim Sutter, CEO of the U.S. Soybean Export Council. On Tuesday, prices of U.S. soybean futures rose to their highest levels since 2018 after the U.S. Department… Continue Reading…
September 12, 2020
“The numbers are out, and the National Football League ratings for its 2020 Kickoff game Thursday attracted an average of 19.3 million viewers for the night, NBC Sports said on Friday. That’s about a 12% drop versus last year’s season… Continue Reading…
September 6, 2020
“U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago. The Labor Department said Thursday that… Continue Reading…
September 4, 2020
“Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4%… An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, down to 14.2% from 16.5% in July and… Continue Reading…
August 27, 2020
“The average American spends about $5,174 a year, or roughly $431 a month, on groceries, according to a sample budget based on the latest spending data available from the location intelligence firm Esri. That’s more than Americans spend on dining out ($3,675 annually)…”… Continue Reading…
August 27, 2020
“Another new report out this week from Coresight Research estimates 25% of America’s roughly 1,000 malls will close over the next three to five years, with the pandemic accelerating a demise that was already underway before the new virus emerged. … Continue Reading…
August 26, 2020
“Orders for durable goods lasting at least three years surged 11.2% in July largely because of strong consumer demand for new cars and trucks, but business spending outside the auto industry was softer and investment grew more slowly. The increase… Continue Reading…
August 25, 2020
“American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand. About 17,500 employees will be furloughed, meaning they… Continue Reading…
August 20, 2020
“German researchers are to give a group of people just over £1,000 ($1,307) a month each, in a trial looking at the potential benefits of introducing a wider universal basic income (UBI). The experiment will asses how giving 120 people €1,200 (£1,085)… Continue Reading…
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