Alibaba Singles Day sales hit $23 billion in first nine hours
Chinese e-commerce giant Alibaba on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from the same point last year.
U.S. Consumer Sentiment Rises on Views of Finances, Economy
U.S. consumer sentiment improved for a third-straight month in November as Americans grew more upbeat about their financial situation and the economic outlook, fresh signs they’ll continue to fuel growth.
US services companies growth rebounds in October
U.S. service companies grew at a faster pace in October after sinking to a three-year low in September.
Private payrolls increase by 125,000 in October, topping expectations
Private payrolls grew at a faster-than-expected pace in October, but the solid growth was offset by a sharp downward revision for the previous month, according to a survey released Wednesday.
U.S. Factory Slump Shows Manufacturing Isn’t the Bellwether It Used to Be
This has been a difficult year for American manufacturers, marked by trade war volleys and a global economy that is running out of steam. Output, investment and employment are down and firms are less optimistic.
Consumers support U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession.
Consumers support U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, further allaying financial market fears of a recession.
S&P 500 hits record as earnings reports signal a recession is nowhere near
The S&P 500 hit record high on Monday, up more than 20% year to date and completing a rebound from an August sell-off.
Homebuilder confidence surges to highest level in nearly two years, thanks to lower mortgage rates
U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales.
U.S. Consumer Sentiment Unexpectedly Rises to Three-Month High
Sentiment among American consumers posted a surprise jump in October amid expectations for rising incomes and lower inflation, indicating households will continue to extend the longest-running U.S. expansion.