GOP Member Says House Panel to Seek Breakup of Tech Giants
Sweeping reforms proposed by a house panel led by Democrats seek to block tech giants such as Apple inc. and Amazon.com inc. from selling their own products and owning marketplaces,…
Germany Factory Orders up 4.5% in Latest Sign of Recovery
Germany recorded a 4.5% rise in new orders for August, surpassing analysts’ expected 2.8% increase, according to press release. The rise in factory orders driven by demand abroad. Export orders…
Evans: Fed Must Win Inflation Goal
Charles Evans, Chicago Federal Reserve Bank President, expects U.S. inflation to be 2 % by 2023 and supports allowing it to rise to 2.5%, a level the Fed sees excessive,…
Sentix: Euroland’s Economic Recovery Stagnates, Asia Picks Up
After sustained growth, the Sentix economic index in the Eurozone dropped by 0.3 points to reach -8.3, according to press release. Economic index higher than analysts’ expected -9.3. Asia sustained…
Deutsche Boerse Proposal Seeks to Expand DAX
Deutsche Boerse is pitching to include 40 firms from 30 representing the German blue-chip’s DAX now, according to Reuters. Proposed reforms call for tougher membership criteria in the wake of…
U.S. Unemployment Situation
September’s nonfarm payroll employment increased by 661,000 compared, while unemployment rate fell by 0.5% to 7.9%, according to press release. Resumption of economic activity, previously halted by pandemic led to…
U.S. Personal Income Falls, Expenditure Rise in August
U.S. personal incomes declined by 543.5 billion (2.7%) in August, according to press release. Disposable incomes fell by $570.9 billion (3.2%) despite rise in personal expenditures by $141.1 billion. Fall…
U.S. Initial Jobless Claims Falls in the Last Week of September
Seasonally adjusted unemployment insurance initial claims show 837,000. A 36,000 decline from previous week’s revised level, according to the latest Department of Labour press release. The figure comes up 13,000…
JPX Trading Halts Entire Day on Technical Glitches
Japan Exchange Group (JPX) trading was stopped on Thursday as Tokyo Stock Exchange (TSE) experienced technical glitches, according to press release. Hitch was the first since the Japanese exchange adopted…
White House Stimulus Almost Set at $1.5 trillion. Airlines $20 billion aid included
Trump’s Administration stimulus package is estimated to be over $1.5 trillion, which also includes $20 billion extension aid to the pandemic hit airline industry, according to Reuters. Stimulus package proposal…
Eurozone Manufacturing PMI Highest Since August 2018-HIS Markit
Final Eurozone manufacturing in September is 53.7, up from August's 51.7, the strongest for over two years, according to press release. Growth contributed by robust Germany's manufacturing activity due to…
Pending Home Sales Up by 8.8%, beats 3.1% Analysts’ Expectations
U.S.’s August’s pending home sales continued the upward momentum, marking a four-month of uninterrupted positive contract activity, according to a press release. Year-over-year sales were up 20.5% vs estimated 17.6%.…