News

4 jarring signals that show the US economic recovery is weakening

Several economic indicators updated in recent weeks suggest the ongoing US recovery is deteriorating as COVID-19 cases spike and new stimulus remains absent. Cities including Chicago, San Francisco, and New York City have intensified partial lockdowns to curb the virus’s spread. The restrictions threaten to further slow the nation’s bounce-back […]
4 jarring signals that show the US economic recovery is weakening
Markets

Dow rises 112 points as retail-sales blowout helps snap 3-day skid

US stocks jumped on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than double economist estimates. The reading marked the gauge’s fifth straight increase and a sharp bounce from August’s 0.6% gain. The encouraging economic data offset dwindling odds […]
Dow rises 112 points as retail-sales blowout helps snap 3-day skid
Markets

US stocks cap off weekly gain as strong bank earnings offset Netflix disappointment

US stocks closed mixed on Friday as traders weighed disappointing quarterly figures from Netflix and gloomy consumer sentiment data. Both the S&P 500 and Dow Jones industrial average finished the week with gains exceeding 1%. Netflix missed estimates for second-quarter profits and third-quarter subscriber additions. A preliminary July reading of […]
US stocks cap off weekly gain as strong bank earnings offset Netflix disappointment
Markets

US consumer sentiment jumps the most since 2016 on renewed hiring efforts

The University of Michigan’s consumer-sentiment index rose to 78.9 in June from 72.3, in May according to preliminary data released Friday. “The turnaround is largely due to renewed gains in employment, with more consumers expecting declines in the jobless rate than at any other time in the long history of […]
US consumer sentiment jumps the most since 2016 on renewed hiring efforts