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US weekly jobless claims fall modestly; labour market recovery slowing

The number of Americans filing new claims for unemployment benefits fell slightly last week, but remained extraordinarily high amid signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends.

Markets

Amid election uncertainty and COVID-19 surge, US economic recovery wobbles

Fresh signs the US economic recovery may be faltering surfaced over the last week with high-frequency measures of retail traffic and jobs both ebbing amid a record-breaking surge in coronavirus cases.

Markets

GM to boost spending on EVs, funded by expanded pickup production

General Motors Co Chief Executive Mary Barra said Thursday the automaker will boost capital spending over the next three years to speed development of electric vehicles, funded by expanded production of high-profit pickup trucks in North America.

Markets

Amid election uncertainty and viral surge, US economic recovery wobbles

Fresh signs the U.S. economic recovery may be faltering surfaced over the last week with high-frequency measures of retail traffic and jobs both ebbing amid a record-breaking surge in coronavirus cases.

Markets

New York Times warns of easing growth after news storm boosts results

The New York Times warned on Thursday its robust digital growth may not be sustainable going ahead, easing expectations after reporting a strong quarter that benefited from a news coverage storm around the COVID-19 pandemic and the U.S. election.

Markets

Stocks rally again, Treasuries gain as Biden edges towards US election win

Global stocks rallied on Thursday while the dollar took a back seat as Joe Biden inched towards taking the White House following victories in Michigan and Wisconsin, although the Democrats looked unlikely to secure a Senate majority.

Markets

Analysts’ View: Stocks rally again, Treasuries gain as Biden edges towards US election win

Global stocks rallied on Thursday while the dollar took a back seat as Joe Biden inched towards taking the White House following victories in Michigan and Wisconsin, although the Democrats looked unlikely to secure a Senate majority.

Markets

Twitter flags Trump’s tweet for misleading info about US election vote count

Twitter Inc flagged a post by President Donald Trump on Thursday that said votes received after Election Day in the United States would not be counted.

Markets

Wall Street rallies on prospect of divided US Congress

U.S. stock index futures jumped on Thursday as investors were optimistic that a potential gridlock in Washington could reduce the chance of major policy changes, although concerns remained about the risk of a contested presidential election.

Markets

Bitcoin hits highest level since Jan. 2018 amid post-election volatility

Bitcoin's price rose to more than US$14,900 on Thursday, its highest level since January 2018, amid volatility caused by the U.S. election and investor hopes that more central bank stimulus to support economies hit by the COVID-19 pandemic will push up the value of digital assets.

Markets

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