Economy

“Q3 GDP: US economic activity rose at a record 33.1% annualized pace after pandemic-induced slump”

“The Bureau of Economic Analysis released its advance print on third-quarter gross domestic product (GDP) at 8:30 a.m. ET on Thursday. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg: 3Q GDP, annualized quarter-over-quarter: 33.1%… Continue Reading…

Business

“Kraft Heinz looks to revamp Oscar Mayer brand, cut 20% of products, as it rethinks business”

“Shares of Kraft Heinz were up 1% in afternoon trading after the company presented its long-term turnaround plan to investors. As its blueprint is implemented, the company is projecting long-term organic sales growth of 1% to 2% and adjusted earnings per… Continue Reading…

Economy

“Second-quarter GDP plunged by worst-ever 32.9% amid virus-induced shutdown”

“The U.S. economy saw the biggest quarterly plunge in activity ever, though the plummet in the second quarter wasn’t as bad as feared. Gross domestic product from April to June plunged 32.9% on an annualized basis, according to the Commerce… Continue Reading…

Business, Stocks

“Procter & Gamble sales rise 4% as consumers buy more cleaning products”

“…Shares of the company rose 1.5% in morning trading. Here’s what the company reported for the quarter ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.16, adjusted,… Continue Reading…

Economy

“US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis”

“Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected the… Continue Reading…

Economy

“The IMF thinks this small South American country will see economic growth of 86% next year”

“Guyana, a country of about 780,000 which shares a border with Brazil, Suriname and Venezuela in the northeast of South America, will see economic growth of 86% in 2020, according to the IMF. That’s up from 4.4% in 2019. Such an explosive expansion of… 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

“Second-quarter U.S. GDP left at 2%…”

“The U.S. economy grew more slowly in the second quarter, updated figures confirm, and is slow growth is expected to persist through the end of the year largely because of the festering trade fight with China. Gross domestic product, the… Continue Reading…

Investing

“Top 5 Reasons to Invest in Gold Products”

“1. Gold is liquid and portable. The bullion markets are traded continuously across the world. Based on a live market price, there is no subjectivity and it can be sold at anytime, unlike other physical assets such as real estate. 2. Gold… Continue Reading…

Economy

“GDP slows to 2.1% in second quarter but beats expectations…”

“GDP increased 2.1%, down from 3.1% from the first quarter, and the weakest increase since the first quarter of 2017 when President Donald Trump took office. Dow Jones Q2 estimates were for 2% growth. However, the underlying numbers in the… Continue Reading…