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Consumers underpin U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession......»»
Consumers support U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession......»»
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......»»
Despite record year in 2020, Sprouts will open fewer stores than expected in 2021
Sprouts Farmers Market Inc. put up record earnings numbers in 2020, despite the global pandemic that stalled the economy in most sectors. The Phoenix-based specialty grocer released its earnings for the fourth quarter and the full year of 2020 on.....»»
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.....»»
2020 Economic Growth Was The Worst Since World War II
The numbers for U.S. economic growth in 2020 are in, and as expected, they’re not good. Although things were looking up in the fourth quarter, the first two quarters were so bad that the economy shrunk the most since World War II. Q4 20.....»»
US economy grows at record 33.4% pace in rally from coronavirus lows
The U.S. economy grew at a faster-than-expected record pace during the third quarter, according to a third estimate released by the Commerce Department on Tuesday......»»
US retail sales declined more than expected in November as the holiday season struggled to boost the economy
The reading marks the second straight retail-sales contraction following five straight months of growth. .....»»
Coronavirus pummels U.S. retail sales, industrial production
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression......»»
Coronavirus sinks U.S. retail sales again in April
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression......»»
Coronavirus likely hammered U.S. retail sales again in April
U.S. retail sales likely endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression......»»
Dropbox’s first quarterly profit is a sign of the ever-changing economy
“There is enormous opportunity,†Dropbox Chief Executive Drew Houston told MarketWatch in a phone interview after the company announced better-than-expected quarterly results Thursday, its first profitable GAAP quarter, and raised revenue guidance......»»
Apple’s iPhone sales fell as the coronavirus struck
Apple warned investors in February to expect worse than expected numbers in its fiscal second quarter. Since then, the virus spread around the world and tanked the global economy. On Thursday, investors got an opportunity to survey the damage so far......»»
Eurozone economy contracted 3.8% in first quarter, worst GDP since series started
The eurozone economy contracted 3.8% in the first quarter, the Eurostat statistics agency said Thursday in the worst decline since records were kept in 1995. Economists polled by FactSet expected a 3% deterioration. Eurostat also r.....»»
Five Things for Wednesday, including economic contraction and a potential Covid cure
Good morning. Here are the latest Five Things for Wednesday. The economy contracted by 4.8 percent in the first quarter of 2020, shrinking by rate not seen since 2008. And the bad news is that only captures part of the downturn kicked off by the.....»»
GDP report to show a damaged economy sliding into recession
The first contraction in six years is expected.....»»
Adidas says worse to come as profits and sales plunge
Adidas warned of an even deeper hit to second-quarter sales and profits from coronavirus lockdowns after the German sportswear firm reported worse-than-expected first-quarter results and said it had not yet seen a full rebound in China. Ciara Lee reports......»»
Adidas says worse to come as profits and sales plunge
Adidas warned of an even deeper hit to second-quarter sales and profits from coronavirus lockdowns after the German sportswear firm reported worse-than-expected first-quarter results and said it had not yet seen a full rebound in China......»»
South Korean Economy Registers Steepest Contraction Since 2008 Financial Crisis
Due to the pandemic caused shutdown of its major trading partner, China, South Korea’s economic growth fell by 1.4% in Q1 2020 compared with the previous quarter. read more.....»»
Industrial Production at Worst Levels Since Right After World War II
The economy already was getting bad in the first quarter due to the impacts of the coronavirus, but March’s reading on industrial production went deep into contraction. In fact, it was worse........»»