Asian stocks fell on Friday when reports showed layoffs of US workers persist at high levels after the US economy contracted at an annual rate of nearly 33% in the spring, the worst quarter on record. The earnings reports, an indicator of how well companies are handling the consequences of …
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The numbers: The number of Americans applying for unemployment benefits increased for the second consecutive week, a sign that economic growth may be stagnant in late July. Claims had declined steadily after peaking in late March. Initial jobless claims rose by 12,000 to 1,434 million in the week ending July …
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The numbers: Sales of new single-family homes increased sharply for the second consecutive month in June, taking the sales rate to its highest level in 13 years, according to data released on Friday. The annual sales pace for new home sales in the United States increased 13.8% last month to …
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“ “When interest rates are zero or close to zero, then gold is an attractive medium because you don’t have to worry about not getting interest on your gold and you see that the price of gold will increase as uncertainty increases in the markets.” . “ – Mark Mobius …
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Shares fell in Asia early Friday morning, after mounting tensions between the United States and China and a massive sale of tech stocks on Wall Street. Hong Kong HSI Hang Seng Index, -2.17% fell 1.9% while the Shanghai SHCOMP compound, -2.73% it sank 2.3% and the smallest-cap Shenzhen Composite 399106, …
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