EconomyFeb 14, 2020 08:56AM ET WASHINGTON, (Reuters) – U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said on Friday […]
U.S. import prices unchanged in January
EconomyFeb 14, 2020 08:51AM ET WASHINGTON, (Reuters) – U.S. import prices were unchanged in January as the cost of petroleum products fell, offsetting gains in the prices of motor vehicles and capital goods. The Labor Department said on Friday last month’s unchanged reading in import prices followed a downwardly revised […]
This Social Network Wants to Pay You (in Crypto) to Do Good
Last June, at a swanky, strobe-lit event in Washington, DC, Brendan Blumer, the 33-year-old CEO of a blockchain company called Block.one, unveiled a new product with Steve Jobs-like theatrics: a social network called Voice. A year earlier, Blumer’s company had raised $4 billion selling a crypto token called EOS. It […]
Darpa Cranks Up Antibody Research to Stall Coronavirus
Sometime in the next day or two, a medical courier will deliver a styrofoam cooler to the offices of AbCellera, a biotech firm headquartered in downtown Vancouver, British Columbia. Inside the box, packed in dry ice, will be a vial of blood prepared by researchers at the US National Institutes […]
Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus
Economic Indicators4 hours ago (Feb 14, 2020 05:11AM ET) BRUSSELS (Reuters) – Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed […]
Asian shares aim for second week of gains amid virus scare
(C) Reuters. Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a brokerage at a business district in Tokyo By Hideyuki Sano TOKYO (Reuters) – Asian shares inched higher on Friday, on course to post the second straight week of gains, helped by hopes governments […]
Malaysia to announce stimulus package next week to counter virus outbreak
Economic Indicators5 hours ago (Feb 14, 2020 04:01AM ET) Malaysia to announce stimulus package next week to counter virus outbreak KUALA LUMPUR (Reuters) – Malaysia will announce a stimulus package next week to mitigate the economic impacts of the outbreak of the new coronavirus, the finance minister said on Friday. […]
Take a Whiff: Is Something Brewing With Coffee?
It looked dismal for the better part of the last six weeks, after its finish last year on top of the soft commodities heap. Now, weather woes in top grower Brazil are helping arabica coffee rally again, despite demand tumbling due to China’s virus epidemic that’s shut thousands of cafes. […]
German economy stagnates in fourth-quarter on weaker consumption
EconomyFeb 14, 2020 02:31AM ET BERLIN (Reuters) – The German economy stagnated in the fourth quarter as both private consumption and state spending lost momentum, preliminary data showed on Friday. On the year, gross domestic product in Europe’s largest economy expanded by 0.4% from October through December after a 0.6% […]
Singapore PM says recession possible due to coronavirus outbreak: Straits Times
Economic Indicators7 hours ago (Feb 14, 2020 02:01AM ET) SINGAPORE (Reuters) – Singapore’s economy could enter a recession due to the blow from the coronavirus outbreak, its prime minister said in comments reported by the Straits Times newspaper on Friday. “I can’t say whether we will have a recession or […]