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Indicators (27)

Apple May Soon Launch Its Own Search Engine to Take on Google: Report | Technology News
Submitted 49 day(s) ago by system

Apple may reportedly be working on launching its own search engine. According to an online report, there are several indicators that support the move – from job announcements for search engineers to its Spotlight Search bypassing Google Search with iOS 14 beta.

U.S. retail sales slow in July; obstacles mount for nascent economic recovery - Reuters
Submitted 68 day(s) ago by system

U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.

China's economic recovery underwhelms as consumer comeback stays elusive - Reuters
Submitted 69 day(s) ago by system

China's retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world's second-largest economy failed to shake off wariness about the coronavirus, while the factory sector's recovery struggled to pick up pace.

Morocco shuts down major cities after spike in coronavirus cases - Reuters
Submitted 87 day(s) ago by system

Morocco will stop people entering and leaving some of its biggest cities from midnight to contain a surge in COVID-19 cases, the interior and health Ministries said on Sunday.

Fed’s Kaplan Says Systemic Racism Holding Economy Back - WSJ
Submitted 129 day(s) ago by system

‘A more inclusive economy where everyone has opportunity will mean faster workforce growth, faster productivity growth, and we’ll grow faster,’ the Dallas Fed president said.

The OECD warns a second virus wave is as likely as not — here’s what that would do to the economic recovery - MarketWatch
Submitted 134 day(s) ago by system

The Paris-based economics group says it is just as likely a second wave will ravage the global economy as not.

U.S. manufacturing activity crawls off 11-year low - Reuters
Submitted 143 day(s) ago by system

U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.

China's May factory activity cools as weak demand curbs output - Reuters
Submitted 144 day(s) ago by system

China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesses emerge from coronavirus-led shutdowns.

U.S. consumer spending tanks; savings hit record high - Reuters
Submitted 146 day(s) ago by system

U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.

Investors should prepare for a U.S. ‘economic depression,’ warns Kyle Bass, but China’s fate could be even worse - MarketWatch
Submitted 162 day(s) ago by system

Kyle Bass made his name betting against the U.S. housing market more than a decade ago, and now he is predicting an economic contraction that could be more...

Great Depression-like U.S. job losses, unemployment rate expected in April - Reuters
Submitted 167 day(s) ago by system

The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.

U.S. weekly jobless claims seen hovering near record highs - Reuters
Submitted 196 day(s) ago by system

The number of Americans seeking unemployment benefits in the last three weeks likely totaled a staggering 15 million as tough measures to control the novel coronavirus outbreak abruptly ground the country to halt, which would cement views the economy was in deep recession.

U.S. Jobs Report Likely to Show Start of Record Labor-Market Collapse - WSJ
Submitted 202 day(s) ago by system

The March jobs report is expected to show the start of a collapse that this spring could shed all the U.S. jobs added by employers in the past decade and push the unemployment rate to record highs.

U.S. weekly jobless claims seen at record high: again - Reuters
Submitted 203 day(s) ago by system

The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

U.S. braces for record surge in jobless claims amid coronavirus fallout - Reuters
Submitted 210 day(s) ago by system

The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs.

New Orleans is next coronavirus epicenter, catalyst for spread in south, experts say - Reuters
Submitted 211 day(s) ago by system

New Orleans is on track to become the next coronavirus epicenter in the United States, dashing hopes that less densely populated and warmer-climate cities would not be hit as hard by the pandemic, and that summer months could see it wane.

Goldman says U.S. growth will shrink 5% next quarter and here’s how low stocks could go - MarketWatch
Submitted 220 day(s) ago by system

It is another bloodbath for stocks. The coronavirus crisis has ramped up another level with large parts of Europe on lockdown and the U.S. looking set to...

Fed Beige Book reports first negative impact of coronavirus on U.S. economy - MarketWatch
Submitted 232 day(s) ago by noklpopl

The first reports of negative impact from the coronavirus on the U.S. economy surfaced in the latest Fed Beige Book survey of economic conditions released...

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