Monday, September 28, 2020
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MixedTimes - John Carney

U.S. Household Net Worth Hits Highest Level Ever

U.S. Household Net Worth Hits Highest Level Ever

The roller coaster of the pandemic economy saw the net worth of U.S. households soar to its highest level ever in the second quarter. That followed the largest-ever drop in the previous quarter due to the economic disruption of the

U.S. Weekly Jobless Claims Stall at 884,000

U.S. Weekly Jobless Claims Stall at 884,000

U.S. weekly jobless claims held steady at 884,000 last week, slightly above Wall Street expectations. Economists had forecast initial claims to drop to around 850,000 from 881,000 originally reported last week.

U.S. Stocks Drop as Tech Titans Tank

U.S. Stocks Drop as Tech Titans Tank

A big sell-off in the hotest stocks of the reopening highlights doubts about where the economy is heading going into the 2020 election.

U.S. Services Sector Growth Continued in August

U.S. Services Sector Growth Continued in August

The U.S. services sector grew in August for the third month in a row, according to a survey of business executives. The Institute for Supply Management’s index of activity in the services sector dipped to 56.9, 1.2 percentage poitns lower

Germany's Economy Shrinks 34.7% — Worse Than U.S.

Germany's Economy Shrinks 34.7% — Worse Than U.S.

The German economy suffered a record-breaking economic contraction in the second quarter as measures intended to stymie the coronavirus pandemic shuttered businesses and required consumers to stay home.

Carney: Media Outraged Because Coronavirus Loans Worked

Carney: Media Outraged Because Coronavirus Loans Worked

The Trump administration's signature relief program for small businesses came under relentless assault and media-manufactured outrage this week after the Treasury Department released the names of the top borrowers under the Paycheck Protection Program.