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Economy

“New Vehicle Sales Continue Downward Slide in April, Edmunds Forecasts”

“The car shopping experts at Edmunds say that April will be a record down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 633,260 new cars and trucks will be sold in the U.S. for an estimated seasonally… Continue Reading…

Stocks

“Stocks rise as Wall Street continues last week’s rebound…”

“Stocks rose on Monday, building on a strong rally from last week as the U.S. extends measures to contain the coronavirus outbreak. The S&P 500 climbed 1.6% while the Nasdaq Composite traded 2.1% higher. The Dow Jones Industrial Average was up 237 points, or 1.1%… Sentiment was… Continue Reading…

Business

“Microsoft earnings up as cloud business continues its expansion”

“Microsoft reported better-than-expected earnings and revenue for the three months ending in December, easily beating analysts’ estimates and sending its stock up 3% in after-hours trading Wednesday… Sales at Microsoft grew 14% from the prior year to $36.9 billion in… Continue Reading…

Economy

“US GDP rose a better-than-expected 1.9% in the third quarter as consumers continued to spend”

“U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline. The Commerce Department said Wednesday that economic activity grew at… Continue Reading…

Economy

“Two-thirds of households preparing for recession, even as U.S. economy continues to grow”

“Some 69% of participants in a recent poll said they were taking steps to shore up their finances ahead of a possible downturn, including 44% who said they were spending less money. Some 10%, including 13% of college graduates, are looking for… Continue Reading…