United States: Record GDP Surge to Mask Moderation in U.S. Economic Rebound “The U.S. is about to report the fastest quarterly growth on record after businesses reopened following pandemic shutdowns and consumers proved resilient. But the headline number, like the record contraction preceding it, obscures key parts of the story. Data due Thursday are forecast
Date: October 27, 2020 Total revenue for the nine months ended September 30, 2020 grew by 12% amounting to $15.10 billion, up from $13.51 billion reported a year ago. For the quarter, revenues amounted to $5.77 billion (2019: $4.38 billion). Cost of Sales closed the period under review at $8.14 billion (2019: $7.69 billion). As
October 27, 2020 Consumer confidence dipped within the United States of America for October, according to the Conference Board Consumer Confidence Index. The performance reflected a marginal decline to 100.9 points (1985=100) in October, from 101.3 points in September. According to the Conference Board, "the Present Situation Index – based on consumers' assessment of current business and
United States: U.S. Warehouse Jobs Top Pre-Covid Levels as Online Sales Boom “Warehouse operators across the U.S. are rushing to hire workers amid a boom in online sales, a bright spot for a labor market that faces mounting challenges. With purchases of everything from sweatpants to toilet paper set to hit a holiday record, companies
October 26, 2020 As at the end of the second quarter of 2020, the government debt to GDP ratio for the euro area was 95.1% relative to 86.3% at the end of the first quarter of 2020. Notably, Q2 2020 was the quarter in which the impacts of the containment measures as well as policy
October 26, 2020 Weekly Picks 26.10.20 LASD Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is,
October 26, 2020 United States: U.S. Recovery’s Surprise Strength Linked to Aid, Quick Reopening “The U.S. economic recovery’s strength has consistently surprised over the past several months, thanks in part to steadfast consumer finances that were underpinned by robust government aid and ultra-low interest rates. Three months ago, economists were penciling in third-quarter growth at
October 23, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 55,000 to 787,000 for the week ending October 17 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 898,000 to 842,000 down by 56,000. In comparison to the previous week’s average, the 4-week moving average was 811,250,
October 23, 2020 Supreme Ventures Limited (SVL) has been assigned an overall 'good creditworthiness' rating by Caribbean Information & Credit Rating Services Limited (CariCRIS). In a statement yesterday welcoming the achievement, SVL's Executive Chairman Gary Peart said the credit rating has cemented and reaffirmed SVL's "strong focus on performance and results, coupled with its consistent and
United States: Get Ready for an Eye-Popping U.S. GDP Number “The Covid-19 pandemic caused the deepest U.S. recession since at least World War II. Gross domestic product shrank at an annual rate of 31.4% in the second quarter. Covid-19 is infecting more than 50,000 Americans a day, the most since early August. Somehow, though, the
