U.S. initial jobless claims for the week ending November 7 were 709,000, a decline of 48,000 from the previous week’s revised level, and below the estimated 731,000, according to the…
Dr. Michael Osterholm, the coronavirus advisor to U.S. president-elect Joe Biden, says that a lockdown of 4 to 6 weeks will help control the pandemic and revive the economy, according…
Goldman Sachs sees a “very bullish” stock market in the wake of a coronavirus vaccine, according to Yahoo! finance. David Kostin, Goldman’s chief strategist, raised the year-end S&P 500 price…
The U.S. nonfarm payrolls rose 638,000 in October, more than expected 530,000, according to the Bureau of Labor Statistics, press release. The unemployment rate declined to 6.9% from September's 7.9%,…
U.S. initial claims for the week ending October 31 was 751,000, down 7,000 from the previous week's revised level, but above expected 735,000, according to the Department of Labor's press…
The U.S. nonfarm private sector employment rose by 365,000 jobs from September to October, down from expected 650,000, according to ADP Research Institute’s press release. Employment gains were recorded across…
U.S. presidential election results are trickling in, and there is a possibility that neither candidate reaches the 270 electoral votes required to win by the end of the election night,…
U.S. PMI in October was 53.4, up slightly from September’s 53.2 in line with the flash estimate of 53.3, representing the sharpest rise since November 2019, according to HIS Markit…
Analysts believe that the Senate will be more important in determining the winners and losers in markets given its ability to advance or block the next president’s agenda, according to…
The U.S. Federal Reserve has reduced the minimum loan-level from $250,000 to as low as $100,000 in its Main Street Lending Program to support small and mid-sized firms hit by…
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…