Private payrolls grew at a faster-than-expected pace in October, but the solid growth was offset by a sharp downward revision for the previous month, according to a survey released Wednesday.
This has been a difficult year for American manufacturers, marked by trade war volleys and a global economy that is running out of steam. Output, investment and employment are down and firms are less optimistic.
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.
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, further allaying financial market fears of a recession.
The S&P 500 surged to a new all-time high on Monday, and Goldman Sachs says the bull market will keep on rolling into 2020 on the back of three big buyers: corporations, foreign investors and US households.
The S&P 500 hit record high on Monday, up more than 20% year to date and completing a rebound from an August sell-off.
Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank’s 2020 target eight months early.
U.S. companies are preparing for tensions with China to extend far beyond the status of the continuing trade discussions, an executive for the U.S.-China Business Council said Monday.
Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market.
U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales.