77% Of Economic Activity Lost To Social Distancing Is Back, But An Economic Recovery Still Depends On A Vaccine

Topline Third-quarter earnings season officially kicks off this week with big banks, airlines and consumer-staple firms set to report on Tuesday, and though Wall Street’s eyeing improvements over the previous quarter, a sustained economic recovery is still ultimately contingent on widespread vaccination. A restaurant server wears a mask at 46th […]

Why Trump lost his battle against the trade deficit

As President Donald Trump enters the final month of his reelection campaign, it’s increasingly clear that he has failed at one of the signature goals of his presidency: reducing the U.S. trade deficit. And critics of his trade policy argue Trump’s “magical thinking” created little chance for success. New figures […]

Why Citigroup Stock Lost 16% Last Month

What happened Shares of Citigroup (NYSE:C) were falling last month as the stock got tripped up by a report in The Wall Street Journal that regulators were preparing to censure the bank over a failure to improve its risk management. The news added to the company’s challenges during a year when it’s been hit […]

Consumer confidence recovers some lost ground

By Supplied Sep 8, 2020 Share this article: ShareTweetShareShareShareEmailShare Consumer sentiment recovered somewhat during the third quarter of 2020 following the shocking decline triggered by the Covid-19 pandemic and concomitant economic lockdowns in the second quarter. After crashing from -9 index points to a 35-year low of -33 in the […]