U.K.’s GDP Expanded by 2.1% in August, Growth below 4.6% Estimate
The U.K. GDP was up 2.1% for a fourth consecutive month as COVID-19 lockdown measures eased, according to press release. August's GDP is 21.7% higher than April's record fall of…
U.S. Stock Futures Rising amidst Relief Package Talks Drama
Investors are closely monitoring developments of U.S. stimulus aid package talks. President Donald Trump said talks had resumed, and House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected…
Domino Pizza Records Growth in Q3 2020 Result
Domino’s Q3 global retail sales increased 14.4% (14.8% excluding foreign currency impact) according to press release. Sales growth driven by changing customer ordering behavior during the Covid-19 pandemic. U.S. same-store…
Fitch Affirms Alibaba Rating at A+ again. Here are the key reasons
Fitch Ratings affirmed Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating “A+," affirming the Chinese-based e-commerce giant stable outlook, according to FitchRatings. Rating underscore’s Alibaba’s strong business…
Debate between Vice President Pence and Harris. Highlights
The presidential debate between Vice President Mike Pence and Senator Kamala Harris was quieter, clearer, and disciplined than the previous Trump and Biden encounter, according to CNBC. The debate began…
Trump Changes Course on Relief Talks, Supports $1,200 Coronavirus Stimulus Checks
President Donald Trump urged Congress to approve coronavirus relief checks, including a new $1,200 stimulus for Americans, according to CNBC. Trump had halted talks with top Democrats and Republicans until…
Fed Chair Power: Risk of overdoing Economic Stimulus lower than doing too little
Fed Chair Jerome H. Powell called for more stimulus support to speed up recovery, according to press release. Economic outlook is highly uncertain, and expansion far from complete-Powell. Households and…
U.S. August Trade in Goods and Services Slips, Deficit Rises
Goods and services deficit in August was $67.1 billion, up $ 3.7 billion from July’s $63.4 billion, according to press release. Trade balance deficit an increase from analysts’ expectations of…
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…