Investor Mario Gabelli struck a positive note on Tuesday on the U.S. economy even as coronavirus cases in the country are on the rise. More than 8 million coronavirus cases have been confirmed in the U.S. alone, according to data from Johns Hopkins University. A CNBC analysis also found that cases are growing by 5% […]

U.S. single-family homebuilding raced to a more than 13-year high in September, cementing the housing market’s status as the star of the economic recovery amid record-low mortgage rates and a migration to the suburbs and low-density areas in search of more room for home offices and schooling.

(Bloomberg Economics) — There’s a downside to automation. Worldwide, we estimate that 800 million people work in sectors where advances in technology place a significant share of jobs at risk. At a country level, the Gulf Cooperation Council, the Czech Republic, Slovakia and Japan are most exposed to disruption from automation. Jobs that can be […]

Consumers spent at a much faster pace than expected in September, with retail sales rising 1.9% in a sign that the U.S. economy’s biggest driver remains healthy. Economists surveyed by Dow Jones expected sales to increase 0.7%, up from a 0.6% rise in August. Excluding autos, the gain amounted to 1.5%, which also was better […]

Health and Human Services Secretary Alex Azar said Thursday the U.S. could have enough Covid-19 vaccine doses for every American as early as March, a more optimistic estimate than President Donald Trump has publicly said. The Trump administration’s coronavirus vaccine program Operation Warp Speed expects to have up to 100 million doses by the end of the year, Azar said […]

Shares of Eli Lilly rose Wednesday after the company announced it submitted a request to the U.S. Food and Drug Administration for emergency authorization of its Covid-19 antibody treatment. Eli Lilly’s shares rose by more than 3% in morning trading.

Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000 expected from a Dow Jones economist survey.

It is not too late for investors to buy the dip, and capitalize on recent stock market weakness, Canaccord Genuity’s chief market strategist Tony Dwyer told CNBC’s “Trading Nation” Monday. US stocks are on course for their first monthly drop in six months, but Dwyer said investors can still benefit from a six-12 month market rebound. “The […]

Apple is reportedly ramping up production of the iPhone 12 ahead of its expected launch next month. The factory in Zhengzhou, China, operated by Foxconn, Apple’s main iPhone assembler, is working 24 hours per day and implementing measures such as offering worker bonuses and scrapping holidays to ensure the new iPhone is delivered on time, […]

Consumer confidence spiked higher through August as Americans’ expectations for economic recovery significantly improved. The Conference Board’s Consumer Confidence Index jumped to 101.8 from 86.3, marking the biggest one-month jump in 17 years. Economists expected the gauge to only modestly increase to 90 last month. The increase also follows back-to-back monthly declines linked to the […]