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The new orders for key goods raised in June, suggesting several improvements in investment. However, economic growth is expected to have slowed in Q2. The U.S. exports became weaker as well as inventory build. Nevertheless, the longest economic expansion of the US remains supported by a robust labor market. Other figures showed the number of Americans filing claims for unemployment benefits fell down to three month low last week. The economy suffered from the trade war between China and the US and weakening growth abroad. Such factors are expected to make the Federal Reserve cut rates for the 1st time in ten years.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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 ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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