UBS raises S&P 500 year-end forecast because of giant profit comeback
The second-quarter earnings season is off to a strong start, and UBS thinks the rising corporate profits should keep pushing the stock market higher for at least the next year. David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management, hiked his targets for the S&P 500, projecting the index to reach […]
Inflation expectations surge, hitting new high for New York Fed survey
Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district.
China’s producer price growth slows but inflationary pressures persist
China’s factory gate prices rose at a slightly slower pace in June, providing some reprieve for businesses though persistently high raw material costs are threatening to undermine the post-coronavirus economic recovery.
Economists Lift U.S. Growth Forecasts Even as Pace Set to Cool
(Bloomberg) — The U.S. economy is entering a new phase. Fueled by widespread vaccinations, government stimulus and the lifting of most Covid-19 restrictions, the economy likely expanded in the second quarter at one of the fastest paces in decades. But at some point, gross domestic product growth has to come off the boil and return […]
Service Industries in U.S. Expand at Fastest Pace on Record
(Bloomberg) –U.S. service providers experienced the fastest growth on record in March as measures of business activity and orders advanced to new highs. The figures from the Institute for Supply Management on Monday underscore how looser business restrictions and increasing economic activity are igniting a rebound in sectors hardest hit by the pandemic. The ISM’s services […]
Sweden Sticks With Controversial COVID-19 Approach
May 1, 2020 — Sweden has taken a different approach to fighting COVID-19 than most other countries — and it’s causing a global stir.
A potential coronavirus vaccine funded by Bill Gates is set to begin testing in people, with the first patient expected to get it today
A small Pennsylvania biotech company is planning to start injecting healthy volunteers with a potential coronavirus vaccine this week, after having received regulatory clearance to start clinical testing.
CDC tells people over 60 or who have chronic illnesses like diabetes to stock up on goods and buckle down for a lengthy stay at home
Many Americans will be exposed to COVID-19 over the next year or so with many people in the U.S. getting sick, a top CDC official said Monday, recommending that people over 60 and anyone with chronic medical conditions buckle down for a lengthy stay home.
Genetics of the new virus
Coronaviruses are a group of viruses that cause diseases in mammals and birds. In people, human coronaviruses cause respiratory infections, including the common cold.