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  • Chicago-Area Business Activity Slightly Eases in October -- MNI Indicators

    Business activity in the Chicago area expanded in October for the fourth consecutive month, although at a slightly slower rate than that of September, data from MNI Indicators showed Friday. The Chicago Business Barometer came in at 61.1 in October, down from September's reading of 62.4. Economists polled by The Wall Street Journal had expected the barometer to stand at a lower level of 57.9.

  • Dow on Track to Wrap Up Worst Month Since March

    U.S. stocks fell Friday, with the Dow Jones Industrial Average on track to close out its worst week and month since March, following a sharp selloff in big technology stocks. The Dow dropped 0.4%, a 95- point decline. It had already shed 5.9% this week, putting it on track for its worst weekly performance since the height of the market tumult.

  • Where Trump and Biden Stand on Budget Deficits

    Federal debt has climbed in recent years, and it is on a trajectory to rise further regardless of who is in the White House come January, as the economic downturn and the rising cost of Social Security and Medicare pressure government finances. Both President Trump and former Vice President Joe Biden have called for more spending to combat the economic fallout from the coronavirus pandemic, arguing that short-term deficit increases are necessary to help stimulate the...

  • Huawei Slips to No. 2 in Smartphones as Samsung Reclaims Lead

    Huawei Technologies Co.' s reign at the top of the global smartphone market was short-lived, a sign that U.S. efforts to curb its supply chain might be starting to hurt the Chinese company. The Shenzhen-based tech giant fell to second place in global smartphone shipments during the third quarter of the year, slipping back behind Samsung Electronics Co. (SSNLF), according to International Data Corp., a market research firm. Huawei's world-wide shipments fell by 22% in the third quarter, the...

  • Mexican Economy Rebounds in Third Quarter

    MEXICO CITY-- Mexico's economy picked up sharply in the third quarter, led by a rebound in industrial production as businesses reopened from shutdowns to slow the spread of the coronavirus. Gross domestic product, a measure of the country's output in goods and services, expanded 12% in seasonally adjusted terms from the second quarter, the National Statistics Institute said Friday. Industrial production was up 22%, outpacing services, which increased 8.6%.

  • Mexican Economy Rebounds in Third Quarter

    MEXICO CITY--Mexico's economy picked up sharply in the third quarter, led by a rebound in industrial production as businesses reopened from shutdowns to slow the spread of the coronavirus. Gross domestic product, a measure of the country's output in goods and services, expanded 12% in seasonally adjusted terms from the second quarter, the National Statistics Institute said Friday. Industrial production was up 22%, outpacing services which increased 8.6%.

  • U.S. Personal Income +0.9% in Sept; Consensus +0.5%

    U.S. households increased spending 1.4% in September for the fifth straight month as remaining pandemic aid helped boost incomes by 0.9%. U.S. households increased spending 1.4% in September for the fifth straight month as higher pay and remaining pandemic aid helped boost incomes by 0.9%. The Commerce Department said personal consumption expenditures--a measure of household spending on goods and services-- rose in September.

  • Brazil Jobless Rate Rises to 14.4% in 3-Month Period Through Aug

    SÃO PAULO--Brazil's unemployment rate rose in the three months through August as more people sought work after losing their jobs amid the coronavirus pandemic. The jobless rate reached 14.4% in the three months through August, from 13.8% in the three months through July and 11.8% in the year-earlier period, the Brazilian Institute of Geography and Statistics, or IBGE, said Friday. The number of unemployed people jumped in the early months of the health crisis as businesses...

  • Eurozone Economy Soars but Covid-19 Resurgence Leaves It the Global Weak Spot -- 2nd Update

    The eurozone economy grew at a record pace in the third quarter, but has already stalled in the face of a resurgence of coronavirus infections and tough new restrictions, leaving Europe lagging even further behind the U.S. and Asia in its recovery from the crisis. Figures released by the European Union's statistics agency Friday showed the combined gross domestic product of the eurozone's 19 members was 12.7% higher in the three months through September than in the previous...

  • Eurozone Economy Soars but Covid-19 Resurgence Leaves It the Global Weak Spot -- Update

    The eurozone economy grew at a record pace in the third quarter, but has already stalled in the face of a resurgence of coronavirus infections and tough new restrictions, leaving Europe lagging even further behind the U.S. and Asia in its recovery from the crisis. Figures released by the European Union's statistics agency Friday showed the combined gross domestic product of the eurozone's 19 members was 12.7% higher in the three months through September than in the previous...

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