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The economic optimism index in the US rose in October to 57.8 points from 55.7 points a month earlier, data from the Investor’s Business Daily and TechnoMetrica Institute of Policy and Politics showed. The growth of the index, which is noted for the second month in a row, came as a surprise to experts who had expected it to drop to 54.6 points. The index exceeds the mark of 50 points for the past 25 months. This is the longest period in the entire history of the study. In October, two of the three components of the index showed growth - an indicator of personal prospects for the next six months and an indicator that determines confidence in the federal economic policy.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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