Hispanic unemployment from Covid-19 has been cut in half, but can it last?
SDI Productions | E+ | Getty Images A slew of recent studies underscore the difficulties many workers of color, including Hispanics, are facing as a result of Covid. The Latinx community finds itself over-represented in industries such as hospitality and construction, which suffered...
Dollar Index Might Find Temporary Support at 90 after Down Trend Resumption
Selloff in the Dollar was the main theme in the currency markets last week. With the arrival of coronavirus vaccines, the global economy looks set to return to normal next year, despite some cautious comments from central bankers. Yen might...
Norwegian deal shows depth of turmoil in aviation finance
Norwegian Air’s nail-biting $1 billion debt-for-equity swap with bondholders and lessors on May 4 has given the struggling airline vital breathing room, allowing it to access up to an equivalent of $290 million of state-guaranteed loans. But according to one...
Weekly Economic and Financial Commentary: COVID Is Still Holding Sway Over the Economy
U.S. Review Data Continue to Reflect the Economy’s Resilience Manufacturing held up relatively well in November, despite a larger-than-expected dip in the ISM manufacturing survey. The nonfarm manufacturing survey rose slightly. Residential construction continues to ramp up, while the commercial...
The Weekly Bottom Line: December Calm Before the Storm
U.S. Highlights Financial markets remained upbeat this week, looking past the near-term risks associated with the ongoing health crisis. Economic data delivered a mixed bag. Both ISM activity indexes remained in expansionary territory and jobless claims showed improvement, but nonfarm...
Forward Guidance: BoC to Hold Rates Steady, Despite Vaccine Advancements
A lot has changed in the weeks leading into the Bank of Canada’s policy update next Wednesday. But don’t expect any significant shift in the Bank’s commitment to support the economy by keeping interest rates low for an extended period....
Week Ahead: Brexit, Vaccines, and Stimulus
“How much longer?” asks the child from the back seat of his car. This is how many people feel as we wait for a Brexit deal to “get there”. No one knows for sure, and headlines on Friday confirm that. ...
The winner today in Employment Data was Canada
The US added only +245,000 jobs to the economy for November vs. 469,000 expected. This number is not only nearly half of what was expected, but it would be considered an average print during a pre-coronavirus month. The winner today...
Here’s how worried you should be about your stake in Alibaba, now that the U.S. is going after Chinese stocks
President Donald Trump has a bill on his desk that could kick several Chinese companies off U.S. stock exchanges and inflame an already strained relationship between Washington and Beijing. The Holding Foreign Companies Accountable Act would force companies to give...
Biden warns the economy is stalling after ‘dire’ jobs report, calls for ‘urgent action’ on Covid stimulus
President-elect Joe Biden said Friday’s underwhelming jobs report foreshadows a “dark winter” that demands “urgent action” from President Donald Trump and Congress, as Covid spreads out of control across the U.S. and Americans face benefit cuts if Congress does not...
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