Page 59 - Us Economy
Berkshire Hathaway shows signs of appetite ahead of earnings report
Buffett's conglomerate began putting more of its $137 billion cash pile to work after a period of relative silence during the start of the pandemic
 "Berkshire Hathaway shows signs of appetite ahead of earnings report")
How did it happen? America's unique failure to control coronavirus
How prioritising individualism, govt missteps hindered Covid-19 control in US
 "How did it happen? America's unique failure to control coronavirus")
How women, immigrants, nonwhites helped American economy boom after WW II
The hopeful truth is that when Americans band together to force open the gates of opportunity for women, for Black men, for the groups that have long been oppressed in our economy, everyone gets ahead
 "How women, immigrants, nonwhites helped American economy boom after WW II")
Wall Street opens slightly lower; markets await fresh stimulus package
The Dow Jones Industrial Average fell 30.70 points, or 0.11%, at the open to 27,170.82.
 "Wall Street opens slightly lower; markets await fresh stimulus package")
Donald Trump to sign 'Buy America' order on medicines, medical equipment
The order will include a "Buy America" provision governing federal purchases of medical supplies and equipment
 "Donald Trump to sign 'Buy America' order on medicines, medical equipment")
Fed policymakers say pickup in infections slowing US economic recovery
The increase in infections has raised the downside risks to the economic outlook and suggests the reopening of the U.S. economy may be more protracted
 "Fed policymakers say pickup in infections slowing US economic recovery")
Wall Street gains on Disney's surprise profit, Covid-19 fiscal aid hopes
White House negotiators on Tuesday vowed to work "around the clock" with congressional Democrats to try to reach a deal on the package by the end of this week
US job market recovery appears to be slowing, services sector rising ahead
While other data on Wednesday showed activity in the vast services sector gained momentum in July as new orders raced to a record high, hiring declined
 "US job market recovery appears to be slowing, services sector rising ahead")
US telemedicine provider Teledoc to spend $18 bn on Livongo Health
Telemedicine involves care delivered remotely, often with a live video connection through patient smartphones or tablets.
 "US telemedicine provider Teledoc to spend $18 bn on Livongo Health")
Federal Reserve policymakers call for fiscal support to save US economy
The calls for increased government intervention came as US lawmakers and the White House resumed talks on a new government relief package
 "Federal Reserve policymakers call for fiscal support to save US economy")
US economic stimulus: Treasury projects record Q3 borrowing of $947 billion
Treasury officials also announced that the government plans to borrow $1.22 trillion in the October-December period
Lord & Taylor, oldest department store in US, files for bankruptcy
The company, founded in Manhattan by two English immigrants in 1826, said it had about $137.9 million of debt obligations
 "Lord & Taylor, oldest department store in US, files for bankruptcy")
Fed's Barkin says economy faces 'sinkhole' without more fiscal support
US central bank officials have become increasingly pessimistic about the short-term outlook for the economy amid a resurgence in coronavirus infections across the country
 "Fed's Barkin says economy faces 'sinkhole' without more fiscal support")
US manufacturing improves in July, outlook clouded by Covid-19 pandemic
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6
 "US manufacturing improves in July, outlook clouded by Covid-19 pandemic")
Investors preparing portfolios for a potentially rocky patch in US stocks
Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40% since late March
 "Investors preparing portfolios for a potentially rocky patch in US stocks")
Advertisement demand drives Pinterest's quarterly results; shares surge 28%
More people turned to Pinterest's platform for content to keep themselves entertained during coronavirus lockdowns
 "Advertisement demand drives Pinterest's quarterly results; shares surge 28%")
Covid-19 impact on GDP to be felt for years in advanced economies: Fitch
Huge uncertainties surround the economic outlook in aftermath of the massive shock in H1 2020
 "Covid-19 impact on GDP to be felt for years in advanced economies: Fitch")
Market Ahead, July 31: Top factors that could guide markets today
The June quarter results by Reliance Industries will be a major focus in the markets today. Besides, investors will also react to global cues, Covid-19 trends and other corporate results
 "Market Ahead, July 31: Top factors that could guide markets today")
S&P, Dow fall on grim economic data, US election uncertainty, earnings
Investors also fretted ahead of high-profile earnings reports and expiration of enhanced employment benefits
Covid-19: US economy records worst quarterly plunge ever, GDP shrinks 33%
The previous worst quarterly contraction, a 10 per cent drop, occurred in 1958 during the Eisenhower administration
 "Covid-19: US economy records worst quarterly plunge ever, GDP shrinks 33%")