September 18, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 33,000 to 860,000 for the week ending September 12 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 884,000 to 893,000 up by 9,000. In comparison to the previous week’s average, the 4-week moving average
September 18, 2020 USA Economic Review -August 2020 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,
United States: Economic Expectations of U.S. Consumers Climb to Six-Month High “U.S. consumers’ economic expectations reached a six-month high in September, with the increased optimism largely concentrated among Republican voters and highlighting a partisan divide about the recovery’s prospects. The Bloomberg Consumer Comfort monthly gauge advanced 3.5 percentage points to 41.5, according to the Sept.
United States: U.S. Jobless Claims Resume Drop in Sign of Gradual Improvement “The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market. Jobless claims in regular state programs decreased by 33,000 to 860,000 in the week ended Sept. 12, which coincides with the reference period
September 16, 2020 The Federal Reserve announced its decision to hold interest rates steady as economic activity and employment, although improved in recent months, remain well below their levels at the beginning of the year. Despite some uptick in recent months, the coronavirus outbreak has caused widespread human and economic hardship across the United States and
September 16, 2020 Management stated that, “2019 was the Company’s best year since being a listed Company.” Mr. Pedro Paris, CEO, gave a synopsis of the Company’s 2019 financial year.Productive Business Solutions Limited (PBS) recorded revenues of US$180.1 million which reflected a 1% increase compared to the previous fiscal year (excluding Telecom). Notably, total equipment
September 16, 2020 Consumer Price Index – August 2020 The consumer price index for August 2020 was 105.9 resulting in an inflation rate of 0.2% increase when compared to previous month’s 105.7 price index, according to the Statistical Institute of Jamaica (STATIN). This increase was as result of, ‘Housing, Water, Electricity, Gas and Other Fuels’,
United States: Fed to Weigh Near Zero Rates Through 2023: Decision Day Guide “Federal Reserve officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to accelerate the U.S. economic recovery. The Federal Open Market Committee is all but certain to
September 15, 2020 The Limner and Bards Limited (LAB), for the nine months ended July 31, 2020, reported a 41% increase in revenues to $686.15 million versus $486.28 million booked in 2019. Revenues for the quarter rose by 41% to $214.73 million (2019: $151.80 million). Management noted that, “the revenue growth was driven by growth
United States: Fed Forecasts to Leave Public Guessing on New Rate-Setting Plan “The Federal Reserve’s new approach to setting interest rates will probably be hard to divine from the economic projections it’s set to publish on Wednesday. That’s because those forecasts, released alongside its policy decision, only encapsulate Fed officials’ views about the next few
