February 26, 2021
“China stands a good chance of doubling the size of its economy by 2035 — and surpassing the U.S. as the world’s largest economy along the way, said an economist from the Bank of America. As China seeks to become an advanced… Continue Reading…
February 26, 2021
“The Otis College report said that between February 2020 and December 2020, total job loss in the “creative economy workforce” reached about 13 percent statewide and 24 percent in Los Angeles County. During that period, the state lost 175,000 jobs in that… Continue Reading…
February 26, 2021
“U.S. household income jumped 10% in January as the government delivered stimulus payments to households and consumer spending rose briskly, priming the economy for a burst in growth this year. The increase in income was the second largest on record,… Continue Reading…
November 19, 2020
“The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Nov. 14: 742,000… Continue Reading…
November 6, 2020
“Employment growth was better than expected in October and the unemployment rate fell sharply… The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%. Economists surveyed by Dow Jones had been looking… Continue Reading…
October 16, 2020
“Consumers spent at a much faster pace than expected in September, with retail sales rising 1.9% in a sign that the U.S. economy’s biggest driver remains healthy. Economists surveyed by Dow Jones expected sales to increase 0.7%, up from a… Continue Reading…
October 9, 2020
“The Commerce Department reported Wednesday that the gross domestic product, the economy’s total output of goods and services, fell at a rate of 31.4% in the April-June quarter, only slightly changed from the 31.7% drop estimated one month ago. The… Continue Reading…
October 6, 2020
“Black Friday might be losing its clout. But it is still expected to be the busiest day in stores during the 2020 holiday shopping season, according to a new report… Traffic in retail stores is expected to be down 22% to… Continue Reading…
October 2, 2020
“The US economy saw another 661,000 jobs added back in September and a modest improvement in the unemployment rate, as the recovery in the labor market continues at a stagnating rate… Change in non-farm payrolls: +661,000 vs. +859,000 expected and +1.489 million in… Continue Reading…
September 21, 2020
“Microsoft announced Monday that it will buy ZeniMax Media, the company that owns well-known video game publisher Bethesda, for $7.5 billion in cash. It’s one of the most notable video game acquisitions in Microsoft’s history. The company bought Mojang, the studio behind Minecraft, for… Continue Reading…
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