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Consumer spending rises in June

Jul 31, 2020
Savings rate dips but remains high; stocks close up

Consumer spending on the mend

Jul 31, 2020
Consumer spending rebounds in June; wage growth slows; U.S. awards $2.1 billion for a potential COVID-19 vaccine 

Big Tech reports big profits

Jul 31, 2020
Amazon, Apple and Facebook post sales growth; Twitter says hackers called employees; Australia demands Google, Facebook pay for news

Stocks closed mixed after GDP drop

Jul 30, 2020
Consumer spending drove growth numbers; Procter & Gamble sees gains

GDP contracts by a historic 32.9%

Jul 30, 2020
Second-quarter U.S. GDP dropped at an unprecedented rate; Initial jobless claims at 1.4 million; Comcast posts broadband gains

Historic economic contraction forecast

Jul 30, 2020
U.S. GDP expected to drop by one-third in second quarter; Airbus cuts production; Shopify and Samsung see growth

Fed chair says politicians need to act

Jul 29, 2020
Stocks close up; Fed leaves rates unchanged; GM posts loss

Boeing slashing production

Jul 29, 2020
Boeing lost $2.4 billion last quarter; GM losses top $800 million; Amazon’s Bezos makes first congressional appearance

Tech CEOs to testify before Congress

Jul 29, 2020
Big Tech CEOs to appear at an antitrust hearing; SBA inspector general warns of potential fraud; Universal, AMC reach deal on releasing films

Consumers are getting gloomier

Jul 28, 2020
Stocks fall; Fed expands relief programs; Harley-Davidson reports loss