All News Results

  • China Is Unlikely to Meet Purchase Targets for U.S. Energy

    WASHINGTON-- Economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its targets to buy U.S. goods under this year's trade deal-- with energy emerging as the biggest casualty. China has made strides toward its agricultural and manufacturing targets, but it remains far behind-- maybe hopelessly far-- an ambitious target for purchases of oil, natural gas, refined petroleum products like propane and butane, and coal, prompting concerns from the U.S. energy...

  • Don't Know How Much Stimulus Is Needed? Put it on Autopilot, Some Say

    WASHINGTON-- One of the trickiest questions facing Congress when it takes up the debate on new stimulus later this month is just how much help the economy needs to recover from the Covid-19 pandemic. If it is already recovering rapidly, the government may spend and borrow more than needed, pushing the national debt higher. If the recession drags on, multiple rounds of economic relief may be necessary, a process fraught with political hurdles.

  • Coronavirus Is No Cure for Health-Care Stocks

    Investors are struggling to predict where the stock market is headed next. Even so, many are already betting that health-care shares won't lead the way. The sector offered shelter for investors-- followed by an outsize rebound-- during the market turbulence earlier this year.

  • Recession Led by Services Sector Is Particularly Painful for Latino Workers

    A dramatic drop in hotel stays, elective surgeries and dining out since the coronavirus outbreak in February is driving a recession that is unlike every other since the Great Depression. Prior downturns were largely led by lower spending on such things as cars, houses, and factories while this one is hitting the service industries. That change has meant Latino and Hispanic workers are being particularly hard hit, and economists expect the jobs recovery to be slow and halting as...

  • With No Summer Concerts, It's Garth Brooks at the Drive-In

    Concert promoters-- and fans-- haven't given up on live music, even with most summer shows wiped out by the coronavirus pandemic. The stadium shows and festivals that had been expected to make this year the biggest ever for live music have given way to virtual tours and drive-in shows. The performances don't come close to making up for scores of canceled or postponed events, but they are finding eager audiences so far and providing a financial lifeline for some artists and bands while...

  • European Stocks Drift Lower With U.S. Markets Shut

    European stocks fell Friday, with trading volumes down as American markets were shut for the Independence Day holiday and investors took stock of a surge in coronavirus infections in the U.S. that could impede the global economic recovery. The pan-continental Stoxx Europe 600 declined 0.9%. In Asia, most major equity benchmarks closed higher.

  • Copper Slips, Halting Sharp Rebound

    Copper prices fell Friday, signaling a pause in the industrial metal's surge, on mounting concerns that the rally may have been overdone. Copper futures for October delivery slipped about 1% to $6,030 a metric ton on the London Metal Exchange. The drop comes as investors struggle to reconcile signs of a global economic recovery with the surge in coronavirus infections in the U.S., which could deal a setback to manufacturers.

  • European Stocks Drift Lower With U.S. Markets Shut

    European stocks dipped Friday, with trading volumes down as American markets remain shut for the Independence Day holiday and investors took stock of a surge in coronavirus infections in the U.S. that could impede the global economic recovery. The pan-continental Stoxx Europe 600 fell 0.6%. In Asia, most major equity benchmarks closed higher.

  • Singapore PMI Rose to 48.0 in June From 46.8 in May

    SINGAPORE--Singapore's manufacturing activity edged up slightly in June, owing to slower contractions in the key subindexes for new orders, new exports, factory output, employment and supplier deliveries. The purchasing managers' index rose 1.2 points to 48.0 in June from 46.8 in May, the Singapore Institute of Purchasing and Materials Management said Friday. However, the PMI remained below 50, indicating a contraction in manufacturing activity, for the fifth straight month.

  • European Stocks Waver With U.S. Markets Shut

    European stocks wavered Friday, with trading volumes down as American markets remain shut for the Independence Day holiday and investors took stock of a surge in coronavirus infections in the U.S. that could impede the global economic recovery. The pan-continental Stoxx Europe 600 drifted between gains and losses. In Asia, most major equity benchmarks closed higher.

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.