December 2, 2019
““There are signs that the global economy is bottoming out. We now expect an improvement in global growth next year,” write Henry Allen, Quinn Brody and Jim Reid, in a new report… They expect global growth of 3.1% this year… Continue Reading…
November 29, 2019
“Early November results bode well: Comparable-store retail sales gained 1.3% in the first two weeks of the month, according to Fiserv, a major U.S. processor of credit-card transactions. Cooler weather likely spurred apparel growth for warmer, seasonal clothing, particularly at… Continue Reading…
November 25, 2019
““We do need to get over some of these hurdles that are a problem for business-sector spending of which is both U.S.-China trade concerns as well as things like Brexit and other geopolitical risks,” the firm’s head of U.S. economic… Continue Reading…
November 20, 2019
“Of course, this is basically true all the time — consumer spending accounts for about 70% of GDP growth. But right now, investors see slowing manufacturing activity, slowing corporate investment, and slowing global growth as putting even more pressure on U.S. consumers… Continue Reading…
November 18, 2019
“A combination of easing trade tensions and easier monetary policy will lift global growth from the first quarter of 2020, according to economists at Morgan Stanley… “A 1Q20 recovery is on the cards,” the U.S. bank’s economists led by Chetan Ahya wrote in… Continue Reading…
November 15, 2019
“The current market boom, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of November, making this record-long bull run also the best-performing one since World War II, according to… Continue Reading…
November 14, 2019
“The Dow Jones Industrial Average hit an all-time high on Wednesday as Disney shares popped while investors digested testimony from the top-ranking Federal Reserve official. The 30-stock average closed 92.10 points higher, or 0.3% at 27,783.59, notching intraday and closing records. Disney jumped 7.4%… Continue Reading…
November 13, 2019
“Dan Schulman, CEO of digital payments giant PayPal, told CNBC on Wednesday that spending activity by their nearly 300 million users remains high, strengthening his optimism about the future of the overall U.S. economy. “In the U.S., consumer spend is still strong,” Schulman… Continue Reading…
November 11, 2019
“The New York Fed added $115.14 billion to financial markets via temporary operations on Thursday. The liquidity additions came in two parts. One was an overnight repurchase agreement with eligible banks totaling $80.14 billion, and the other was via a… Continue Reading…
November 8, 2019
” The Dow and S&P 500 closed at fresh records Thursday… The Dow Jones Industrial Average DJIA, -0.18% rose 182.24 points, or 0.66%, to a record 27,674.80, while the S&P 500 index SPX, -0.15% gained 8.4 points, or 0.27%, to an all-time high of 3,085.18. The… Continue Reading…
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