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.
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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.
Amazon’s ad business is booming, and there’s still room to grow
Amazon’s advertising segment was just one factor in the company’s blowout fourth-quarter, but the company outlined where it sees growth for the high-margin business.
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.
U.S. economy on path to ‘solid’ 2020 growth; budget deficits to top $1 trillion
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.
Richmond Fed Manufacturing Gauge Surges to Best Level Since 2018
The Federal Reserve Bank of Richmond’s regional manufacturing index surged at the start of 2020 as rebounds in sales and orders offered signs of stabilization in an otherwise beleaguered factory sector.
Consumer confidence jumps as job-market outlook improves
Consumer confidence in the U.S. grew more than expected in January as the outlook around the labor market improved, data released Tuesday by The Conference Board showed.