Blog
Q2 Productivity Jumps as Labor Costs Decline
Some major insight explaining how second quarter earnings performed so well was released this morning. A Labor Department report said productivity rose by its most rapid rate in six years during the second quarter, while labor costs were slashed by the largest cut in nine years, owing to mass layoffs and little pressure on wages.
Markets Cautious As FOMC Meeting Begins
It was a slow yesterday with no fresh data, and markets reacted by edging down following a four-week rally. Today is looking like a repeat performance, as equity futures continue to point moderately south 90 minutes ahead of the opening bell. rnrnBut, there are a couple of items separating today from Monda
Mid-Day Recap: Profit Taking Sends Stocks Lower
The first three hours of trading have been pretty light with all three indexes trading marginally lower, failing to move higher. Equities rallied on Friday after the nonfarm payrolls report showed job slashings were moderating, and with no major news on the docket today, investors are quietly selling to take profits.rnrnA few minutes after 12:30, the S&P 500 is down 0.49% to 1005, while the Dow is 0.46% lower at 9326 and the Nasdaq is down 0.61% to 1988. Markets have been climbing rapidly over the past four weeks, with the S&P 500 over 14% higher since July 10, which
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...