U.S. business borrowing for equipment jumps 28% in January: ELFA
U.S. companies’ borrowings for capital investments surged about 28% in January from a year earlier, as a strong U.S. economy drove up business spending, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.
Blackstone’s Byron Wien says sell-off is not the start of a bear market
Blackstone Vice Chairman Byron Wien told CNBC that Monday’s sell-off amid the spreading coronavirus outbreak was not the start of a bear market.
The World’s Biggest Economies Get a Jolt of Government Spending
Governments across the world are starting to use more fiscal firepower to boost economies, though the shift may not be happening fast enough to appease central bankers who say they’re sick of carrying the burden of stimulus alone.
America’s manufacturing recession looks like it could be over
A contraction in U.S. manufacturing spurred by the trade battle with China and slowing global growth may have reached an end already, if two key business surveys hold up.
U.S. labor market remains strong; manufacturing likely stabilizing
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment.
EU bets on industrial data, new rules to catch up in global tech
The European Commission plans to create a single European market for data, hoping that pooling the region’s deep industrial expertise will help build technology powerhouses to catch up with Silicon Valley and state-backed Chinese heavyweights.
Top CDC official says US should prepare for coronavirus ‘to take a foothold’
The Centers for Disease Control and Prevention said Wednesday it is preparing for the new coronavirus, which has killed at least 1,115 and sickened more than 45,000 worldwide, to “take a foothold in the U.S.”
January adds a much stronger-than-expected 225,000 jobs, with a boost from warm weather
An unseasonably mild January helped power the U.S. jobs market to more gains, with nonfarm payrolls rising 225,000 for the month, well above Wall Street estimates.
China Beige Book sees global stock rally continuing, says coronavirus just a short-term concern
Global stocks will likely continue to rally as people realize the coronavirus outbreak is not likely to cause long-term effects on the markets, China Beige Book’s chief economist, Derek Scissors, told CNBC on Thursday.
Private payrolls soar in January, the best monthly gain in nearly 5 years
The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics.