April 30, 2020 Real gross domestic product (GDP) declined at an annual rate of 4.8% for the first quarter of 2020 according to the advance estimate released by the Bureau of Economic Analysis (BEA). However, for the fourth quarter of 2019, real GDP had a 2.1% growth. The downward movement in real GDP for the
April 30, 2020 Brent Oil Brent oil prices increased by 24.57% or US$5.24, as prices fell this week relative to the prior week. Oil traded on April 30, 2020 at a price of US$26.57 per barrel relative to US$21.33 on April 23, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
United States: Another 3.8 Million Americans File for Jobless Benefits “Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country. Initial jobless claims totaled 3.84 million in the week ended April 25 following 4.44 million in the prior
April 29, 2020 Seprod Limited (SEP), for the year ended December 31, 2019, posted revenue totaling $32.70 billion compared to $22.50 billion recorded for the same period of the prior financial year, representing a 45% increase year over year. The Company stated, “This was driven primarily by the acquisition of the Facey Consumer Division in
April 29, 2020 Tremendous human and economic hardship blankets the United States and the World due to the outbreak of the coronavirus. The outbreak has resulted in the implementation of numerous measures to protect public health while inducing declines in economic activity and a surge in job losses. The Federal Reserve cites, “weaker demand
Daily Market Summary 29.04.2020 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, or will be, directly or
April 29, 2020 Unemployment rates trended upward for the month of March in 253 of the 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), unemployment rates were, “lower in 123 areas, and unchanged in 13 areas.” Jobless rates lower than 3.0% were recorded in 45 areas while 11 areas
April 28, 2020 Mayberry Jamaican Equities Limited (MJE) has declared a dividend of $0.06 per share payable on June 26, 2020 to shareholders on record as at May 12, 2020. The ex-dividend date is May 11, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department
United States: U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Recession “The record-long U.S. economic expansion is over. Gross domestic product contracted at a 4.8% annualized rate in the January-March period, the largest drop since 2008, according to Commerce Department data released Wednesday. The median projection in a Bloomberg survey of economists had called
