Tag Archives: Economic news (third)

WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The surge in spending reported by the Commerce Department …

WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The Commerce Department report on Friday added increases in …

FILE PHOTO: Traders Wear Masks While Working on the Floor of the New York Stock Exchange as the Outbreak of Coronavirus Disease (COVID-19) Continues in the Manhattan District of New York, USA, May 28 2020. REUTERS / Lucas Jackson / File Photo (Reuters) – Stock markets and other risky assets …

(Reuters) – The resilience of a months-long rally in US stocks is being tested as a long-feared resurgence in coronavirus infections weighs on hopes of a strong economic recovery in the United States. FILE PHOTO: Jasmine Bermúdez and Brad Philbert stop to take a picture in front of the “Charging …

SYDNEY (Reuters) – Australia’s second-most populous state deployed ambulances and mobile test centers in a coronavirus test blitz as the country recorded the largest daily increase in cases in two months. The state of Victoria said 33 people tested positive for coronavirus in the past 24 hours, marking nine days …