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US futures and European stocks slip as concerns over economic recovery surface, while robust China GDP lifts Asian markets
1 month ago - By Business Insider
Summary List Placement
US and European stocks dipped on Monday, while Asian stocks got a boost from solid China GDP.
The week ahead will be busy for markets as Joe Biden's inauguration takes place Wednesday.
The US dollar rebounded as Janet Yellen is set to affirm her support for a stronger dollar.
Visit Business Insider's homepage for more stories .
US futures and European stocks edged lower on Monday, as investor concerns over harsher coronavirus restrictions and lockdowns set off a sluggish start to the week.
"It won't be so lively in markets today," Deutsche Bank economists said, as US...
Read more ...US futures and European stocks slip as concerns over economic recovery surface, while robust China GDP lifts Asian markets
1 month ago - By Business Insider
Thomson Reuters
US and European stocks dipped on Monday, while Asian stocks got a boost from solid China GDP. The week ahead will be busy for markets as Joe Biden's inauguration takes place Wednesday. The US dollar rebounded as Janet Yellen is set to affirm her support for a stronger dollar. Visit Business Insider's homepage for more stories. US futures and European stocks edged lower on Monday, as investor concerns over harsher coronavirus restrictions and lockdowns set off a sluggish start to the week. "It won't be so lively in markets today," Deutsche Bank economists said, as US equity...
Read more ...Goldman Sachs lifts US GDP forecast to 6.6% in 2021 on Biden's $1.9 trillion stimulus package
1 month ago - By Business Insider
Eric Thayer/Reuters
Goldman Sachs raised its US GDP forecast to 6.6% on Joe Biden's $1.9 trillion stimulus plan. Bank economists now project a lower US unemployment rate of 4.5%, down from 4.8%. Biden's $1,400 stimulus checks will cause a "large spike" in disposable income, they said. Visit Business Insider's homepage for more stories. Goldman Sachs has turned even more optimistic on the outlook for the US economy this year under President-elect Joe Biden. In a weekend note to clients, economists at the bank raised their forecast for US GDP to 6.6% in 2021 from 6.4%. Goldman now expects a...
Read more ...Goldman Sachs lifts US GDP forecast to 6.6% in 2021 on Biden's $1.9 trillion stimulus package
1 month ago - By Business Insider
Summary List Placement
Goldman Sachs raised its US GDP forecast to 6.6% on Joe Biden's $1.9 trillion stimulus plan.
Bank economists now project a lower US unemployment rate of 4.5%, down from 4.8%.
Biden's $1,400 stimulus checks will cause a "large spike" in disposable income, they said.
Visit Business Insider's homepage for more stories .
Goldman Sachs has turned even more optimistic on the outlook for the US economy this year under President-elect Joe Biden.
In a weekend note to clients, economists at the bank raised their forecast for US GDP to 6.6% in 2021 from 6.4%. Goldman now...
Read more ...
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Walmart's mysterious new fintech startup just made some high-profile hires...
Summary List Placement Walmart isn't just slicing the surface of fintech. All signs indicate that it is diving in deep on a mysterious new venture that will heavily feature...
Here's what we know about when the 3rd stimulus check is coming
Summary List Placement A third stimulus check could be coming to millions of US households sometime in March. Congress is moving swiftly to approve the relief bill by March 14...
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Summary List Placement Muddy Waters Research has taken a new short position in vehicle fleet electrification company XLFleet, according to Carson Block, the firm's CIO and...
U.S. Heavy Truck Sales up 9% Year-over-year in February
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CommonWealth Hotels Announces Senior Management Appointments
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UK extends job support, tax breaks for pandemic-hit economy
LONDON - Britain's treasury chief on Wednesday announced an additional 65 billion pounds of support for an economy ravaged by the coronavirus pandemic, extending job support...
International VC firm Presight Capital raises $350M second fund
Presight Capital has closed its $350 million second fund only a year and a half after it announced an $80 million first fund. In fact, General Partner Christian Angermayer told...
The movie-theater chain Alamo Drafthouse Cinema has filed for bankruptcy
Summary List Placement The specialty theater chain Alamo Drafthouse Cinema has filed for Chapter 11 bankruptcy as the coronavirus pandemic continues to devastate the movie...
Square introduces its network to its small business bank
Summary List Placement The fintech, which provides point-of-sale payment and credit solutions to small and medium-sized businesses , opened the doors to its highly anticipated...