A volunteer measures a passenger’s body temperature. In light of a coronavirus outbreak in China, Hong Kong district councillors and residents formed makeshift quarantine stations, screening passengers arriving from China, Feb. 4, 2020. Willie Siau | SOPA Images | LightRocket | Getty Images Concern about the coronavirus is weighing heavily on the outlook for first-quarter […]
Tag: Economy
Why Tesla stock seems expensive, even compared to other tech stocks
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look […]
US productivity and labor costs Q4 2019
U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter. Productivity decreased at an unrevised 0.2% pace in the July-September period, the biggest drop since the fourth quarter of 2015. […]
ADP Moody’s private payrolls January 2019 nearly double expectations
The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from economists surveyed by Dow Jones and more evidence that the U.S. still is a good […]
TSLA jumps past $900 in early trading
Tesla stock is surging again, set to open Tuesday’s trading at a new record high as major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to catch up. “I just can’t believe this freaking stock. It’s insane,” Roth Capital analyst […]
UK fintech Azimo secures EU loan; anticipates ‘messy’ Brexit talks
The Azimo logo displayed on a smartphone. Azimo Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union. The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help […]
Fed’s Bostic says new virus hasn’t changed his outlook
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters China’s virus outbreak has prompted traders to begin pricing in a U.S. interest rate cut by June but has not swayed the views […]
Apple store closings in China could impact 1 million iPhone sales
Apple staff (red t-shirt) and a customer (R) wearing protective facemasks are seen inside of an Apple store in Beijing on January 30, 2020 NICOLAS ASFOURI Apple’s decision to temporarily shutter its stores in China as a result of the new coronavirus could delay up to 1 million iPhone sales but is unlikely to have […]
Why the midlife crisis is worse for women, according to Ada Calhoun
Ada Calhoun, who’s written about the financial struggles of middle-aged women today Gilbert King The summer of 2017 was a difficult one for Ada Calhoun. The 41-year old freelance writer watched a bunch of her projects fall through. She racked up $20,000 in credit card debt, and had next to no savings behind her. Childcare […]
New coronavirus will likely push China to step up stimulus
A man rides a bike though an almost empty Nanjing Road, usually a busy commercial street, in Shanghai, China, on Wednesday, Jan. 29, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — The Chinese government is beginning to pour out billions to help those affected by the new coronavirus, and analysts expect more support […]
