Economy

THE U.S. ECONOMY HAS SEEN THE BOTTOM, NOW HOW WILL IT RISE?

1 hour ago   |   Forbes   |   3 articles

Jeff Schulze of ClearBridge Investments explains why he believes the U.S. economy has bottomed and how the recovery looks moving forward.
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Gone for good? Evidence signals many jobs aren't coming back

1 hour ago   |   Chron

WASHINGTON - Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of...
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Funding in an uncertain market: using venture debt to bridge the gap

2 hours ago   |   Tech Crunch

Will Hutchins Contributor Share on Twitter Will Hutchins is a managing director at Espresso Capital , a leading provider of innovative growth financing and venture debt...
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BP's Strategic Shift To Renewables

2 hours ago   |   Forbes   |   3 articles

Oil companies throw off lots of cash once they reduce exploration activities...and pay for ramping up BP's endeavors in the carbon-lite energy economy. .
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Samsung's new phones test consumer demand for pricey gadgets

2 hours ago   |   Chron   |   4 articles

Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since...
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Not only were low-wage jobs hurt most by the pandemic, they're least likely to come back

Not only were low-wage jobs hurt most by the pandemic, they're least likely to come back

2 hours ago   |   Business Insider

Low-wage workers may continue to face steep unemployment after the pandemic ends, according to a new report from the MIT Task Force on the Work of the Future . The study...
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Stock Buybacks Are Ready To Make A Comeback Even If The Economy Does Not

2 hours ago   |   Forbes   |   2 articles

The S&P 500 is back almost 50% from its March lows and now ready to make new records.
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Lack of coordinated U.S. pandemic response has hurt economy, says PE investor Glenn Hutchins

3 hours ago   |   CNBC

"The pandemic has gotten worse. A lot of the projection for the economic activity were expecting the pandemic to get better," Glenn Hutchins told CNBC.
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The Economy: As Bad As We Thought

3 hours ago   |   Hotel News Resource

The U.S. economy experienced the worst quarter in recorded history. Is the office sector the canary in the coal mine?
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A $14 billion asset manager says investors should prepare for a unique 'J-shaped' economic recovery, instead of the V-shape they want

A $14 billion asset manager says investors should prepare for a unique 'J-shaped' economic recovery, instead of the V-shape they want

3 hours ago   |   Business Insider

Investors should brace for a 'J-shaped- recovery in Q3, a $14 billion fund manager said. Zehrid Osmani, who manages a fund for Martin Currie, an asset manager owned by Franklin...
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A Singaporean tech stock has skyrocketed a world-beating 1,100% since the...

A Singaporean tech stock has skyrocketed a world-beating 1,100% since the start of 2019

Singaporean tech giant Sea's stock has ballooned more than 1,100% since the start of 2019. The astounding gain has raised its market capitalization from about $5 billion to $64... Read more ...

Square surges 16% after reporting quarterly earnings showing a 64% jump in...

Square surges 16% after reporting quarterly earnings showing a 64% jump in revenue

Square released its second quarter earnings results on Tuesday, a day early, after Bloomberg News reported the numbers. The company reported a 64% jump in revenue and a 167%... Read more ...

The Galaxy Tab S7 will bring 5G to Samsung's tablet line

The Galaxy Tab S7 will bring 5G to Samsung's tablet line

Samsung's going all in on 5G. The company was an early adopter for the next-gen wireless technology and has just offered it across the newly announce Galaxy Note 20. Turns out... Read more ...

Consumer spending could regress in the coming months as monthly personal...

Consumer spending could regress in the coming months as monthly personal income growth falls

US consumer spending improved on a monthly basis in May and June, but personal income could plunge as government programs end. And a drop in consumer spending and personal... Read more ...

Royal Caribbean, Carnival, Disney, and dozens of other cruise lines won't...

Royal Caribbean, Carnival, Disney, and dozens of other cruise lines won't sail out of the US until at least October 31

An industry group of roughly 60 cruise lines announced on Wednesday that they won't sail from US ports until October 31 at the earliest. This extension from an earlier... Read more ...

ISM Services Index increased to 58.1% in July, Employment Index Declined

ISM Services Index increased to 58.1% in July, Employment Index Declined

The July ISM Services index was at 58.1%, up from 57.1% in June. The employment index decreased to 42.1%, from 43.1%. Note: Above 50 indicates expansion, below 50... Read more ...

US companies added 167,000 in July, badly missing economist forecasts, ADP says

US companies added 167,000 in July, badly missing economist forecasts, ADP says

US private payrolls rose 167,000 in July, a Wednesday report from ADP showed . Economists had expected that private payrolls would rise by 1.2 million in July. The report is a... Read more ...

The US just struck a deal for 100 million doses of a coronavirus vaccine...

The US just struck a deal for 100 million doses of a coronavirus vaccine from Johnson & Johnson

Johnson & Johnson have entered into an agreement with the U.S. government to provide 100 million doses of its experimental coronavirus vaccine, with the option of 200 million... Read more ...

'Nothing Feels Tangible': Virtual Is New Reality For Grads Starting New Jobs

'Nothing Feels Tangible': Virtual Is New Reality For Grads Starting New Jobs

Job postings for entry-level positions popular with new college grads fell by 73%, compared with before COVID-19 hit. And for the class of 2020 who have landed jobs it's often... Read more ...

Oil jumps 4% to the highest in 5 months after the EIA reports an inventory drop

Oil jumps 4% to the highest in 5 months after the EIA reports an inventory drop

Oil prices rose Wednesday to the highest level since March after the Energy Information Administration reported that crude inventories fell last week by 7.4 million, more than... Read more ...