News

US weekly jobless claims rise to 898,000 as labour-market recovery stumbles

New US jobless claims for the week that ended Saturday totaled 898,000, the Labour Department said Thursday. The reading came in above the consensus economist estimate of 825,000, and also marks an increase from the previous week’s revised figure. Continuing claims, which track Americans receiving unemployment benefits, fell to 10 […]
US weekly jobless claims rise to 898,000 as labour-market recovery stumbles
Markets

US weekly jobless claims fall to 837,000 as economic recovery grinds onward

New US jobless claims for the week that ended Saturday totaled 837,000, the Labour Department said Thursday. The reading landed below the consensus economist estimate of 850,000 and marked a decrease from the prior week. Continuing claims, which track Americans receiving unemployment benefits, fell to 11.8 million for the week […]
US weekly jobless claims fall to 837,000 as economic recovery grinds onward
Markets

US weekly jobless claims climb to 870,000 as pace of economic recovery slows

New US jobless claims for the week that ended on Saturday totaled 870,000, the Labour Department said Thursday. The reading came in above the consensus economist estimate of 840,000 and marked an increase from the previous week. Continuing claims, the aggregate sum of Americans receiving unemployment benefits, reached 12.6 million […]
US weekly jobless claims climb to 870,000 as pace of economic recovery slows
Markets

US weekly jobless claims decline to 860,000 amid signs of economic recovery

New US jobless claims for the week that ended Saturday totaled 860,000, the Labour Department said Thursday. That came in slightly above the consensus economist estimate of 850,000 but marked an encouraging decline from the prior week. Continuing claims, the aggregate total of people receiving unemployment benefits, amounted to 12.6 […]
US weekly jobless claims decline to 860,000 amid signs of economic recovery
Markets

US weekly jobless claims hit 884,000, more filings than economists expected

New US jobless claims for the week that ended Saturday totaled 884,000, the Labour Department said Thursday. That came in above the consensus economist estimate of 850,000. Continuing claims, the aggregate total of people receiving unemployment benefits, totaled 13.3 million for the week that ended August 29. That was also […]
US weekly jobless claims hit 884,000, more filings than economists expected
Markets

80% of economists see a chance of a double-dip recession, survey finds

Four in five panelists surveyed by the National Association for Business Economics said they see at least a 25% chance of the coronavirus fuelling a second economic downturn, or a “double-dip” recession. Nearly two-thirds of respondents said they viewed the US as still in a recession, and almost half said […]
80% of economists see a chance of a double-dip recession, survey finds
Markets

Goldman Sachs cuts US GDP estimate, now sees economy shrinking 4.6% in 2020

Goldman Sachs economists lowered their third-quarter US GDP growth forecast to 25% from 33% on Saturday, citing weak consumer services spending and the strong uptick in national coronavirus cases. Reimplementation of strict lockdowns and social distancing practices in states including California, Florida, and Texas are “already having a noticeable impact […]
Goldman Sachs cuts US GDP estimate, now sees economy shrinking 4.6% in 2020
Markets

UBS lays out market strategies for all 3 economic-reopening scenarios, from a successful recovery to a COVID-19 resurgence

Uncertainty around the coronavirus pandemic’s trajectory has led Mark Haefele – chief investment officer at UBS– to detail three strategies for various economic-reopening scenarios. The bank’s more optimistic scenario sees the US avoiding a second wave of COVID-19 cases and reopening through June. Value and cyclical stocks would be best […]
UBS lays out market strategies for all 3 economic-reopening scenarios, from a successful recovery to a COVID-19 resurgence