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The US economy slowed less than expected in the 3rd quarter amid strong consumer spending
Reuters/Rebecca Cook Economic activity cooled further in the third quarter amid ongoing trade disputes. Still, the 1.9% growth exceeded consensus analyst forecasts for 1.6%. The results cast further doubt on the prospect that Trump would fu.....»»
Germany"s economy just shrank, meaning Europe"s biggest economy is "teetering on the edge of recession"
Reuters/Hannibal Hanschke Germany's economy shrank 0.1% in the second quarter.....»»
Ad sales surge at Google parent Alphabet, but so do costs
SAN FRANCISCO (Reuters) - Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet Inc that shrank the first-quarter operating margin, leaving shares flat after hours on Monday......»»
Citizens CEO says bank remains "solid" amid interest income drop
The bank continues "to play strong defense" amid an uncertain economy, CEO Bruce Van Saun said on the bank's first-quarter earnings call. As for bad CRE loans, "the pig is moving through the python," he said......»»
Japan’s economy slumps back into decline as COVID-19 hits spending
Japan’s economy shrank more than expected in the first quarter as a slow vaccine rollout and new COVID-19 infections hit spending on items such as dining out and clothes, raising concerns the country will lag others emerging from the pandemic......»»
Barclays profit almost triples in the first quarter as economic outlook turns positive and its COVID-related cash reserves fall
Barclays benefited from a more positive economic outlook, strong investment bank performance and smaller reserves for bad loans as COVID-19 subsides. REUTERS/Simon Dawson Barclays' first-quarter profit .....»»
The market is rewarding investments in low-quality companies - and Credit Suisse says strong earnings may work against some stocks in 2021
Stocks of companies that reported strong fourth-quarter earnings have been underperforming those with weaker financial profiles. Lucas Jackson/Reuters Investors have been "rew.....»»
The eurozone economy shrank by less than expected in the final quarter of 2020 - but analysts say the slow rollout of vaccines will limit the recovery
The eurozone economy shrank 0.7% in the final three months of the year. But the slow rollout of coronavirus vaccines is worrying economists. Germany's e.....»»
The UK economy shrank 5.8% in March, the fastest drop in history — and it"s only going to get worse
Reuters The UK's economy shrank at the fastest rate since the 2008 financial crisis in the first three months of 202.....»»
Thomson Reuters reports higher first-quarter sales and operating profit
Thomson Reuters Corp on Tuesday reported higher quarterly sales and operating profit but cut is full-year sales outlook, citing unprecedented disruption in the global economy......»»
Investors are clamoring for new Boeing debt after the company"s $641 million first-quarter loss, report says
Reuters Demand for new Boeing bonds is strong after the company's first-quarter report revealed a dire loss, CNBC reported Thursday. Investor inte.....»»
The horrendous impact of coronavirus on Europe"s economy is growing clearer as GDP shrinks 3.8%, and Germany, France, and Spain report catastrophic data
REUTERS/John Kolesidis The eurozone economy contracted by 3.8% in the first quarter of 2020, according to preliminary estimates from Eurostat. The EU as a whole lost 3.5% of GDP, the data showed. France and Spain's economies.....»»
Fed pledges continued support for the economy, as U.S. economy shrank 4.8 percent in first quarter
The worst is yet to come, many analysts say. The second quarter is likely to show a decline of 30 percent -- or more......»»
US economy shrank at 4.8% rate last quarter as coronavirus struck, with worst yet to come
The U.S. gross d.....»»
U.S. economy shrank 4.8 percent in first quarter, biggest decline since the Great Recession
The worst is yet to come, many analysts say. The second quarter is likely to show a decline of 30 percent -- or more......»»
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. gross d.....»»
U.S. economy shrank 4.8% in the 1st quarter amid state shutdowns, millions of layoffs
The U.S. economy contracted 4.8% in the first quarter as the coronavirus outbreak shut down businesses and.....»»
U.S. economy shrank 4.8 percent in first quarter, the biggest decline since the Great Recession
The worst is yet to come, many analysts say. The second quarter is likely to show a decline of 30 percent -- or more......»»
First Foundation Bank sees strong quarter despite Covid-19 challenges
"While the long-term effects of the pandemic on the general economy are uncertain at this time, we did experience another strong quarter across key financial metrics," Scott Kavanaugh, CEO, told PBN......»»
Swiss banking giant UBS reports a 40% increase in profits, and lauds its own strength in "turbulent times"
Reuters Swiss banking giant UBS reported a strong first-quarter with net profits rising 40% compared to the same period last year, driven by high transaction volumes in the midst of market volatility. "As a result of years of disciplined strateg.....»»