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 …
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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 …
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SINGAPORE (Reuters) – Asian stock markets rose on Friday but are set to end a hectic week with only slight gains as rising coronavirus infections cast a shadow over encouraging economic data and verified hopes for a rapid global recovery. . FILE PHOTO: A man wearing a protective face mask, …
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HONG KONG (Reuters) – Support for Hong Kong’s year-long pro-democracy protests has waned, now backed by a slim majority, as the city prepares for the imposition of national security legislation drafted by Beijing, a poll conducted for Reuters showed. FILE PHOTO: A pro-democracy protester holds a flag supporting Hong Kong’s …
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LONDON / SINGAPORE (Reuters) – Global stocks plummeted to their lowest level in more than a week on Thursday, due to an increase in US coronavirus cases. USA And an IMF warning of a nearly 5% drop in the world economy this year again. FILE PHOTO: An SGX sign is …
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