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Economic News

Tue, Oct 27th, 2020
US consumer confidence dips slightly in October to 100.9

SILVER SPRING, Md. (AP) — U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases began across the country.

Wall Street steadies itself a day after worst loss in weeks

NEW YORK (AP) — U.S. stocks are drifting Tuesday, as momentum slows a day after Wall Street slumped to its worst loss in a month on worries about and Washington's inability to deliver more aid to the...

LLY : 133.73 (-5.62%)
One more huge chip deal in 2020; AMD buys Xilinx for $35B

SAN JOSE, Calif. (AP) — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of...

AMD : 79.18 (-3.71%)
Greece, Israel eye closer cooperation amid East Med tension

ATHENS, Greece (AP) — Greece’s government said Tuesday it wants to expand trade, energy, and military partnerships with Israel and other countries in the region to counter what it considers the hostile...

S&P CoreLogic Case-Shiller: US home prices up 5.2% in August

WASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the American housing market remains strong despite economic fallout from the coronavirus pandemic.

Israeli delegations bask in UAE glow, even as details few

DUBAI, United Arab Emirates (AP) — Another plane full of Israeli business people excited about their newfound access to the United Arab Emirates touched down in Dubai this week, the latest whirlwind...

Millennial Money: Picking a pandemic side gig takes hustle

Side gig. Side job. Side hustle. It goes by many names and serves many purposes. For some, it’s a way to keep the lights on. For others, it’s an opportunity to save for a goal or follow a passion.

UBER : 34.44 (-2.96%)
LYFT : 23.84 (-4.03%)
The Latest: Spain doctors stage walkout over health system

MADRID — Spanish doctors are staging their first national walkout in 25 years to protest what they say are poor working conditions and the weakened state of the national public health system.

As pandemic depresses demand, Caterpillar muscles through 3Q

Caterpillar’s sales fell 23% in the third quarter as the pandemic throttled demand for construction equipment and a trade war with China continues to create headwinds.

CAT : 158.19 (-3.07%)
Spain tries to reverse economic slump as unemployment rises

MADRID (AP) — The Spanish government plans to increase taxes on big corporations and the wealthy and use 27 billion euros ($31.8 billion) in European grants as it tries to reverse one of the deepest...

The Latest: India's daily infections at lowest in 3 months

NEW DELHI — Authorities in India are reporting 36,470 newly confirmed coronavirus infections — that’s the lowest one-day tally in more than three months in a continuing downward trend.

Asian shares slip after Wall St's worst day in a month

Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month.

AMZN : 3,224.41 (+0.54%)
MRO : 4.14 (+0.24%)
Salt Lake Tribune to stop printing daily after 149 years

SALT LAKE CITY (AP) — The Salt Lake Tribune announced Monday it will stop printing a daily newspaper at the end of the year after nearly 150 years and move to a weekly print edition.

Dunkin' shares hit all-time high after holding buyout talks

The Dunkin’ doughnuts and coffee chain has confirmed it's held talks to be taken private by a private equity firm, sending its shares rocketing to an all-time high Monday.

Fed up: California restaurants seek booze, health fee refund

LOS ANGELES (AP) — California's financially battered restaurants filed government claims Monday to recover more than $100 million in fees for liquor and health permits and tourism charges that they say...

Fox News anchors quarantine after virus exposure on flight

NEW YORK (AP) — Several Fox News Channel on-air personalities were exposed last week to someone on a private plane who later tested positive for COVID-19, leading the network to take extra precautions...

As virus resurges, so does fear of more economic pain ahead

WASHINGTON (AP) — With winter looming and confirmed viral cases rising, Bob Szuter's craft brewery and restaurant in Columbus, Ohio, could use another government lifeline to help survive until spring....

GS : 198.00 (-1.56%)
Sept. new home sales fall 3.5%, after strong summer season

CHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market's hot summer...

Coal magnate Robert Murray dies; he long fought regulators

ST. CLAIRSVILLE, Ohio (AP) — Robert Murray, the board chairman of the largest privately owned U.S. coal operator, who long fought federal regulations to reduce black lung disease, died at his home in...

Asia Today: Melbourne to largely emerge from virus lockdown

CANBERRA, Australia (AP) — Melbourne, Australia’s former coronavirus hot spot, will largely emerge from a lockdown after the nation’s second-largest city on Monday recorded its first day without...

Chart of the Day

Quanta Services (PWR)

The Barchart of the Day belongs to the energy infrastructure contractor Quanta Services (NYSE:PWR). I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. Aft...
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