slumps
UK economy can be viewed as glass half full or half empty, GBP/USD slumps
“The UK economy can be viewed as a glass half full or half empty,” the Bank of England (BOE) Governor Andrew Bailey said while speaking at a webinar hosted by the British Chamber of Commerce on Tuesday. On monetary policy, Bailey said: “We have looked very hard at the scope to cut rates further, including …
US CB Consumer Confidence Index slumps to 84.8 in August vs. 93 expected
Consumer confidence in the US continued to deteriorate in August with the Conference Board’s Consumer Confidence Index dropping from 91.7 (revised from 92.6)in July to 84.8. This reading missed Reuters’ estimate of 93 by a wide margin. Further details of the publication revealed that the Consumer Expectations Index worsened to 85.2 from 88.9 and the Present …
Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices, energy demand
Carl Court | AFP | Getty Images Oil giant Royal Dutch Shell on Thursday reported a sharp drop in net profit for the three months through to the end of June, following an unprecedented period of energy market turmoil and significantly weaker oil and gas prices. The Anglo-Dutch company reported adjusted earnings of $638 million …
Stocks Slide as Tech Slumps and Jobless Claims Rise
Stocks were falling Thursday after jobless claims in the U.S. rose unexpectedly for the first time since March and tech stocks slumped. The Dow Jones Industrial Average fell 374 points, or 1.39%, to 26,631, the S&P 500 was off 1.29% and the Nasdaq fell 2.3%. Among particularly prominent tech companies falling were Moderna (MRNA) – …
Yankees’ Aaron Judge, Gary Sanchez show signs of snapping slumps
The Yankees’ offense continues to produce, even with two of the team’s most dangerous hitters in lengthy slumps. Gary Sanchez entered Tuesday’s game against the Orioles with just one hit and five strikeouts in 11 at-bats since he returned from the injured list. Prior to the IL stint (for a groin strain), Sanchez had been …
China GDP growth slumps to lowest in 27 years as the trade war hits
The country’s gross domestic product grew at 6.2% in the quarter ended June, the slowest quarterly growth rate since 1992 and down from 6.4% in the previous quarter, according to government figures released on Monday. And the Chinese economy will continue to face “downward pressure” in the second half of this year, the country’s National …
