United States: California Lockdown’s Job Losses Spell Trouble for the Nation “California’s second round of coronavirus-related shutdowns, among the nation’s strictest measures, are already causing pain for the most populous state’s labor market and portend a deterioration in the overall U.S. employment picture for July. When Governor Gavin Newsom announced on July 13 that indoor
United States: Fed’s Kashkari Urges Congress to Act, Suggests Fresh Lockdown “The surging U.S. savings rate means the country can afford to support Americans laid off due to the coronavirus pandemic, while a “hard” lockdown could deliver a faster economic recovery, a senior Federal Reserve official said on Sunday. Federal Reserve Bank of Minneapolis President
July 31, 2020 Supreme Ventures Limited (SVL), for the six months ended June 30, 2020, reported a 6% decrease in ‘Total Gaming Revenue’ from $18.62 billion in 2019 to $17.54 billion in 2020. For the quarter, ‘Total Gaming Revenue’ closed at $7.42 billion (2019: $9.31 billion). Revenues from the Company’s segments were as follows: Revenue
July 31, 2020 Grace Kennedy Limited (GK), for the six months ended June 30, 2020, recorded revenue of $56.53 billion for period (2019: $51.49 billion), a year over year increase of 10%. Revenue for the second quarter of 2020 improved 8% to $27.68 billion (2019: $25.56 billion). The biggest contributor to the group’s overall revenue
Americans applying for jobless claims rose for the second straight week, climbing 12,000 compared to data released for the week ended July 18, 2020. Initials claims for the week ended July 25 amounted to 1,434,000, while the 4-week moving average was 1,3668,500, a growth of 6,500 from the prior week. The report hints that economic
July 30, 2020 Victoria Mutual Investments Limited (VMIL), for the six months ended June 30, 2020, reported total interest income of $461.86 million, an increase of 16% relative to the $398.40 million recorded for the corresponding period in 2019. Interest income for the quarter amounted to $219.99 million, up 11% on the $197.41 million reported
July 30, 2020 U.S. real gross domestic product (GDP) contracted 32.9% for the second quarter of 2020, subsequent to a 5% decline for the first three months of 2020 as the economy experienced a nose-dive in activity. Current-dollar GDP for the second quarter declined $2.15 trillion or 34.3% to 19.41 trillion, compared to a
United States: U.S. Economy Shrinks at Record 32.9% Pace in Second Quarter “The U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter, highlighting how the pandemic has ravaged businesses across the country and left millions of Americans out of work. Gross domestic product shrank 9.5% in the second quarter
July 29, 2020 monetary20200729a1 The Federal Reserve announced its decision to hold interest rates steady as economic activity, sharp declines and employment remain 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 around the
July 29, 2020 Lasco Distributors Limited (LASD), for the three months ended June 30, 2020, posted an 8% increase in revenue to $4.70 billion, up from $4.34 billion booked in the corresponding period in 2019. Cost of sales amounted to $3.81 billion, up 10% on the $3.47 billion reported in the prior comparable period. Consequently,
