Troubling streak for the labor market

— Reuters’ Noel Randewich: “The S&P 500 dropped on Thursday, pulled lower by Microsoft Corp and Apple Inc, as elevated levels of unemployment claims heightened concerns about the economic toll from rising coronavirus cases. … A jump in cases of the virus has forced California and other states to shut down again, sparking fears of more business damage and slowing the pace of a Wall Street rally. The S&P 500 is about 5% below its February record high.

“But all the recent spending on highways and rail lines raises questions about whether China’s economic turnaround is sustainable and whether it can become the engine needed to drive the global economy out of a slump.”— WSJ’s Telis Demos: “The basic business of banking in the age of Covid-19 isn’t proving to be easy. But for some, there could be light at the end of the tunnel.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Dow futures down 200, jobless claims disappoint, retail sales boomInvestors digested another batch of corporate earnings, while waiting for new data on the labor market.
Source: CNBC - 🏆 12. / 72 Read more »

China industrial output rises 4.8% year-on-year in June; retail sales, investment fallChina's industrial output rose 4.8% in June from a year earlier, data showed Thursday, expanding for the third straight month and offering some relief to an economy trying to regain its footing from the shock of the coronavirus outbreak earlier in the year. Mostly PPE heading to US Milagro RogueEconomist1 jorgearturosaza ribarcodi MesDeMilagros De los mismos creadores del milagro petrolero!
Source: Reuters - 🏆 2. / 97 Read more »