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Economy

“Pandemic-Related Unemployment and Shutdowns Are a Recipe for Social Unrest”

March 30, 2020

“Around the world, high unemployment and stagnant economic activity tend to lead to social unrest, including demonstrations, strikes, and other forms of potentially violent disruptions. That’s a huge concern as forecasters expect the U.S. unemployment rate in the months to… Continue Reading…

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Business

“Coca-Cola Stock Hits All-Time High After Strong Quarter”

February 4, 2020

“Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage giant filed a solid fourth quarter 2019 report that exceeded conservative revenue estimates. Revenue grew an impressive 28.2% year over year,… Continue Reading…

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Business

“Apple delivers best-ever quarter, powered by iPhones, services”

January 29, 2020

“Apple on Tuesday posted record results for the final three months of last year delivered by gains in iPhone sales even as the company transitions to digital services and wearables… Net profit hit an all-time high of $22 billion on… Continue Reading…

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Stocks

“Shares of Victoria’s Secret parent L Brands jump on fourth-quarter forecast, in-line profits”

November 21, 2019

“L Brands shares, which closed near a 10-year low, rose nearly 4% during extended trading. The stock, which has a market value of $4.4 billion, hit a 52-week low of $15.80 earlier Wednesday… The company said it expects 2019 fourth-quarter… Continue Reading…

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Economy

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

October 31, 2019

“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…

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Economy

“Second-quarter U.S. GDP left at 2%…”

September 27, 2019

“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…

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Banking, Economy

“Fed Cuts Interest Rates by Another Quarter Point”

September 19, 2019

“The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the United States economy showed additional signs of weakening. For… Continue Reading…

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Economy

“Mexican economy stagnates in second quarter…”

August 28, 2019

” Mexican gross domestic product was unchanged in the second quarter from the preceding three months, slightly weaker than a preliminary estimate published last month, data from the national statistics agency INEGI showed on Friday. The figures showed the Mexican… Continue Reading…

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Banking, Economy

“FED CUTS RATE BY A QUARTER POINT, CITES ‘GLOBAL DEVELOPMENTS,’ ‘MUTED INFLATION’”

July 31, 2019

“The Federal Reserve lowered its benchmark rate by a quarter point Wednesday as an insurance policy not against what’s wrong with the economy now, but what could go wrong in the future. It was the first rate cut by the… Continue Reading…

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Economy

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

July 26, 2019

“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…

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