Goldman now sees a 35% jump in Q3 GDP, much higher than the rest of Wall Street
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%,...
Alan Greenspan lists inflation and the budget deficit as his biggest concerns
Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit. “My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out...
‘Pay later’ products take off this year as PayPal, Microsoft allow customers to delay the bill
Visitors play video games at the Xbox stand during 2020 China International Cartoon and Game Expo (CCG Expo) at Shanghai World Expo Exhibition and Convention Center on July 16, 2020 in Shanghai, China. Zhou You | Visual China Group |...
Weekly jobless claims miss estimates as employment gains taper
Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic. The Labor Department on Thursday reported 884,000 first-time filings for unemployment insurance, compared with...
U.S. producer prices beat expectations in August
A worker assembles footballs at the Wilson Sporting Goods facility in Ada, Ohio, on Thursday, Sept. 3, 2020. Maddie McGarvey | Bloomberg | Getty Images U.S. producer prices rose a bit more than expected in August as the cost of...
South Korea’s Kakao Games soars 30% in market debut, hitting daily limit
Passengers use smartphones inside a subway train in Seoul, South Korea, in 2015. Woohae Cho/Bloomberg | Bloomberg | Getty Images SINGAPORE — South Korea’s Kakao Games surged in their Thursday market debut on the Kosdaq, more than doubling from their...
Job openings top expectations even as rate of hiring slows
Job openings rose 10% in July to a pandemic high even though the rate of hiring saw a sharp slump, according to a Labor Department report Wednesday. The total for available positions hit 6.6 million for the month, above the...
Stocks making the biggest moves in the premarket: Tiffany, Peloton, AstraZeneca, Slack & more
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – Shares of the luxury goods retailer are under pressure after France’s LVMH said it would stick to a Nov. 24 deadline to complete the deal...
Stock futures fall with market set to continue technology-led sell-off
A view of Nasdaq in Times Square hours ahead of the implementation of ‘New York State on PAUSE’ executive order as the coronavirus continues to spread across the United States on March 22, 2020 in New York City. Noam Galai...
Why the real unemployment rate is likely over 11%
People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images The official unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in...
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