The coronavirus crisis will “impact the mid-market much more than large caps,” one expert said.
Senate Clears Second Coronavirus Emergency Bill
The Senate on March 18 cleared for President Donald Trump a multibillion-dollar aid package targeting individuals affected by the coronavirus disease, known as COVID-19.
Coronavirus Watch: Trump Signs Executive Order, U.S.-Canadian Border to Close
President Donald Trump signed an executive order Wednesday giving the federal government broad powers to direct the production and distribution of health protective gear, ventilators and other supplies if the coronavirus outbreak in the U.S. gets far worse.
U.S. trade deficit falls 7.6% in October to 16-month low on decline in Chinese imports
The nation’s trade deficit dropped almost 8% in October to a 16-month low, largely because of lower imports from China tied to the ongoing U.S. trade dispute with the Asian giant. The deficit slid to $47.2 billion from a revised $51.1 billion in the prior month, the government said Thursday. If it persists through December, […]
US Economy Grew at Moderate 2.1% Annual Rate Last Quarter
The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in the gross domestic product, the economy’s total output of goods and services, slightly exceeded its […]
U.S. consumer spending climbs again in October even as incomes fall flat
U.S. consumer spending rose in October for the eighth month in a row, a potentially good sign for the holiday shopping season that gets underway after Thanksgiving with Black Friday specials. Consumer spending increased 0.3% last month, the government said Wednesday. Economists surveyed by MarketWatch had forecast a 0.2% increase.
U.S. leading indicators fall third straight month, adding more evidence of slowing economy
Economic growth in the U.S. has softened considerably since the end of the summer, according to an index that measures the nation’s economic health. The leading economic index fell 0.1% in October to mark the third straight decline, the Conference Board said Thursday.
U.S. services data suggests upward revision to third-quarter GDP
U.S. economic growth for the third quarter is likely to be revised higher after data on Tuesday showed stronger consumer spending than initially estimated, according to JPMorgan. It said the Commerce Department’s quarterly services survey, or QSS, on Tuesday implied spending on legal services increased at a faster pace than the government had assumed in […]
US services companies growth rebounds in October
U.S. service companies grew at a faster pace in October after sinking to a three-year low in September. The Institute for Supply Management, an association of purchasing managers, reported Tuesday that its service index grew to 54.7% last month, up from 52.6% in September. Any reading above 50 signals growth.
US Factory Output Declines by Most Since April on GM Strike
U.S. manufacturing output slumped in October by the most in six months as an auto workers’ strike at General Motors Co. curtailed vehicle production and the trade war continued to weigh on other factories. The 0.6% decline in output followed a 0.5% decrease the previous month, Federal Reserve data showed Friday. Excluding the 7.1% drop […]