Tag Archives: economy

Eurozone recovery stutters as the service industry suffers

Queue for Covid-19 tests outside laboratory in Paris on September 22, 2020 in Paris, France. Kiran Ridley | Getty Images News | Getty Images Eurozone trade activity was hit in September as countries faced a second wave of coronavirus infections, preliminary figures showed on Wednesday. The Flash Eurozone PMI (Index …

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Powell promises the Fed’s financial support “as long as it takes.”

U.S. Federal Reserve Chairman Jerome Powell speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, February 11, 2020. Andrew Herrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged continued support for the economy, saying it had improved significantly, but more work was needed. …

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‘The temptation to buy’

Jim Kramer of CNBC, who has been warning people for weeks to lock-in on the profits of some stocks, advised investors to find places to buy potentially in the wake of Monday morning’s sharp market sell-off. Expressing concern about Europe’s second coronavirus lockdown, Kramer said: “We’re landing on something that …

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