According to latest industry estimates, Cyber Monday is on track to bring in a record of as much as $12.7 billion in online sales…
Tag: U.S. economy
Wall Street rebounds on upbeat U.S. economic data ahead of Apple earnings
U.S. stocks advanced on Thursday as upbeat U.S. domestic economic data eased concerns about surging COVID-19 cases…
U.S. weekly jobless claims fall to better-than-expected 751,000; lowest level since March
Initial weekly U.S. jobless claims fell to 751,000 for the week ending October 24th, down 40,000 from the previous week. It was the lowest…
U.S. GDP booms at historic 33.1% rate
U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, outpacing expectations for 31%. A surge in business and residential…
Dow Jones surges 450 points on Trump stimulus statements; Apple snaps back
The Dow Jones Industrial Average jumped more than 450 points on President Trump’s latest coronavirus stimulus tweets. Dow Jones…
Stock futures rebound after President Trump pushes for new $1,200 stimulus checks for Americans
U.S. stock futures rebounded Wednesday from Tuesday’s slide after President Donald Trump tweeted support for stimulus measures…
Wall Street jumps on stimulus hopes, upbeat economic data
Wall Street’s major indexes jumped on Wednesday, with the S&P 500 on course for its best two-quarter gain since 2009, as investor hopes…
U.S. private employers add 749,000 jobs in September, topping expectations
U.S. private employers hired at a faster-than-expected pace in September, created 749,000 new jobs last month, according to the ADP…
U.S. job creation exceeds expectations, unemployment rate falls to 8.4%
In a welcome sign, the U.S. has returned to single digit unemployment rate numbers, falling to 8.4%, down from 10.2% in June…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
Stocks soar to record highs as President Trump hails ‘major breakthrough’ in COVID-19 fight
U.S. stocks rallied to record highs after a report said a COVID-19 vaccine could come before the November 3rd election and President Trump …
S&P 500 hits record high completing recovery from COVID-19 crash
The S&P 500 index today hit an all-time high, completing its recovery from the stock market crash caused by the onset of the COVID-19 panic…
U.S. economy tops expectations with 1.8M jobs added; unemployment rate falls to 10.2%
The U.S. economy topped expectations with 1.8 million jobs added in July. The unemployment rate fell to 10.2%, down from 11.1% in June…
Stock futures sink as COVID-19 shutdowns cause historic U.S. contraction
Wall Street’s main indexes were set to open lower on Thursday after data showed the economy suffered its steepest contraction since the Great Depression…
Wall Street falls as tough U.S. stimulus talks loom
As tough U.S. stimulus negotiations loom, mixed corporate earnings reports in Europe left global equities treading water and sent investors…
Wall Street advances on U.S stimulus bets ahead of busy earnings week
Wall Street’s main indexes gained on Monday as investors looked past COVID-19 case increases, betting instead on more U.S. stimulus to revive…
COVID-19 closed tens of thousands of businesses – forever
Many U.S. states have been reopening their economies in the wake of extended COVID-19 shutdowns, but businesses across America are still closed — many…
Apple’s valuation could help COVID-19 economic recovery
Apple’s valuation could help the economic recovery after the COVID-19 recession. The stock market is not the economy, but it does feel strange for…
U.S. economy adds record-breaking 4.8M jobs in June, smashing expectations; unemployment rate falls
A new U.S. Labor Department report shows U.S. employers added 4.8 million jobs in June. The biggest increase on record. Unemployment dropped more than…
U.S. stocks gains on economic recovery hopes
U.S. stocks rose about 1% on Friday with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a recovery in post-pandemic economic…
Nasdaq hits record high as COVID-19 shutdown-induced U.S. recession becomes official
An economic recession is a business cycle contraction when there is a general decline in economic activity. In the U.S., it is defined as a significant…
Nasdaq hits record high as U.S. economy shows signs of swift rebound
On growing hopes of a swift economic rebound, the Nasdaq on Friday became the first of the three major U.S. stock indexes to bounce back to a record high …
Silicon Valley could be engine of economic recovery
Silicon Valley, often called an engine of California’s economy, was able to wield the shield of its vaunted tech sector in April to ward off some…
President Trump: We won’t close America when second COVID-19 wave hits
President Donald Trump said “we are not closing our country” if the U.S. is hit by a second wave of COVID-19 infections. “People say that’s a very…
Apple COO Jeff Williams ‘optimistic’ about post-coronavirus US economy
Apple Chief Operating Officer Jeff Williams is “optimistic” about a U.S. economy recovery from the COVID-19 reaction as businesses begin to reopen…
Apple’s 2H20 growth rates depend on a healthy macroeconomic recovery
New products, stimulus and remote work/learning purchases are currently boosting Apple’s sales, but a healthy macroeconomic recovery will…
President Trump says Apple CEO Cook sees V-shaped recovery
The two discussed the COVID-19 pandemic and state of the economy. Trump said Cook believes the economy will have a V-shaped recovery …
Why the stock market could boom this year with its biggest rally ever
The stock market, before Wednesday, rallied strongly as the coronavirus curve flattened. Imagine, now, the magnitude of the rally …
Apple CEO Cook joins President Trump’s committee on reopening American economy
President Donald Trump said Tuesday that he’s enlisting advisers from nearly all sectors of American commerce, including Apple CEO Tim Cook, members…
Dow tumbles more than 500 points as COVID-19 shutdown slams economy
Stocks fell sharply on Wednesday as the COVID-19 shutdown slams the economy. Dismal economic data and weak bank earnings fueled concerns…
S&P 500 rallies to join Dow in exiting bear market
U.S. equity markets rallied to session highs Wednesday as the S&P 500 exited its bear market helped by a basket of news investors believe will be…
Dow soars to close up 11% in best day since 1933
The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as the Trump administration neared agreement on a $2 trillion…
Should President Trump close all nonessential U.S. businesses?
Should President Trump declare all-out war on the coronavirus by closing all nonessential U.S. businesses? The Federal Reserve has fired its bazooka…
Wall Street drops after Federal Reserve’s surprise rate cut
Wall Street dropped on Tuesday in a volatile session after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates…
Fed seen cutting rates amid virus threat, low inflation
Traders are betting that the U.S. Federal Reserve may move aggressively to cut rates due the effects of the COVID-19 coronavirus outbreak…
S&P 500, Nasdaq hit new all-time highs
The S&P 500 and the Nasdaq hit all-time highs on Wednesday on confidence in the U.S. economy and hopes that China would take more measures…
Stocks rise on China stimulus hopes, signs of slowing virus spread
Stocks rose after China unveiled several fiscal and monetary stimulus measures in an attempt to limit the damage from coronavirus-fueled business shutdowns…
Mobile World Congress cancellation is good news for Apple’s ‘iPhone SE 2’
sterday’s cancellation of the 2020 Mobile World Congress in Barcelona, Spain, could very well be good news for Apple’s “iPhone SE 2” launch…
Apple suppliers scramble to restart production in China while keeping vast factories coronavirus-free
Apple suppliers in China are scrambling to restart production. Foxconn’s main Longhua campus in Shenzhen is the size of 250 football fields…
Foxconn refutes Reuters report on restart timeline for Chinese factories
In a statement to the Taipei stock exchange, Taiwan’s Foxconn on Thursday refuted that recent Reuters reports on its plans to restart factories in China…
Coronavirus infects Apple’s Mac Pro delivery schedule
For at least a week, many custom iMac, iMac Pro, and MacBook Pro configurations have been facing longer-than-usual delivery estimates on Apple’s online store…
Mobile World Congress 2020 canceled due to Coronavirus outbreak
The 2020 Mobile World Congress has been canceled by GSMA due to fears surrounding the 2019-nCoV coronavirus outbreak. The decision to abandon…
