DAVID SHAPIRO: Shares in tech sector have risen and earnings are bound to follow

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

A second wave of virus outbreaks and measures introduced to control the spread meant economic recovery would be slower than the Federal Reserve had originally expected 🔒

Last week I watched Federal Reserve chair Jay Powell deliver his customary statement at the conclusion of the July federal open market committee meeting.

His tone was solemn and troubled. He pledged to do whatever was necessary to bridge the US economy over the crisis, brought about by the spread of Covid-19, and ensure there was still enough stimulus to accelerate and extend growth when business activity returned to normal.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Covid-19 drives JSE’s interim earnings higher as record volumes tradedThe JSE sees earnings rise for the first six months of 2020 on the back of increased volatility amid the coronavirus pandemic and its effect on financial assets
Source: BDliveSA - 🏆 12. / 63 Read more »

Pandemic may move companies to fix gender and other inequalities, says PwCReport reflects marked gender inequality in corporate sector, with only 6% of listed companies having female CEOs
Source: BDliveSA - 🏆 12. / 63 Read more »

What wine industry can do to keep its fizz amid rising threatsSector is stuck between a weak position in global markets and a rising climate regime hindering market access
Source: BDliveSA - 🏆 12. / 63 Read more »