Exxon will cut 14,000 jobs globally and 1,900 in the U.S. to reduce employee numbers by 15% as the pandemic hurt energy demand and prices, according to Reuters. The job…
U.S. Real Gross Domestic Production rose at an annual rate of 33.1% in Q3 2020, above an estimated 31.0%, offsetting Q2 2020 declines of 31.4%, according to the Bureau of…
U.S. initial jobless claims for the week ending October 24 was 751,000, a 40,000 fall from the previous week's revised level, and below expected 770,000, according to the Department of…
Comcast reported Q3 revenues of $25.5 billion, a 4.8% fall from the comparable quarter of 2019, but above expected $24.74 billion, according to the company's press release. Q3 revenue rise…
October's Economic Sentiment Indicator (ESI) in the Euro area and EU remained unchanged at 90.9 and 90.0, respectively, according to the European Commission press release. Employment Expectations Indicator (EEI) was…
U.S. stocks declined on Wednesday as investors became worried the recent rise in coronavirus infections could slow down global economic recovery. Dow Jones Industrial Average fell 3% or 823 points,…
Goldman Sachs has launched a set of developers tools with open API that allows to embed banking and investing services into their products, according to the company’s press release. The…
Apple is ramping its search engine, a move likely to threaten Google's dominance, according to Financial Times. The development comes as Google faces intense scrutiny by the antitrust authorities for…
U.S. China trade tensions have sparked market caution among top fund managers. Mark Mobius, Cathie Wood, and eight others have shared their top picks and predictions as the tensions escalate,…
The U.S. Consumer Confidence Index in October was 100.9, down from September’s 101.3 and below expected 102.0, according to the CEIC press release. The fall in consumer confidence reflects low…
SpaceX is expanding its beta test of the Starlink satellite internet service, referring to an email sent on Monday to people who have expressed interest in signing up for the…
Eurozone banks tightened corporate credit access in Q3 and will curtail further as worries of a fresh wave of coronavirus infections rise, according to European Central Bank’s press release. Credit…