Latest Economic outlook News

Asian shares mixed as vaccine wait tempers Wall St optimism

Apr. 15, 2021 22:09 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as jubilance over positive U.S. economic data and a Wall Street record high were tempered by caution in the region, where the coronavirus vaccine rollout has lagged. Japan's benchmark Nikkei 225 gained 0.1% to 29,674.31 in...

How major US stock indexes fared Thursday

Apr. 15, 2021 16:32 PM EDT

Stocks rallied to more record highs on Wall Street as a suite of stellar data suggested the recovery for the economy and corporate profits is accelerating. The S&P 500 rose 1.1% Thursday and the Dow Jones Industrial Average added 0.9%, both reaching all-time highs....

With layoffs down and spending up, US rebound gains momentum

Apr. 15, 2021 14:47 PM EDT

WASHINGTON (AP) — A much-awaited economic boom coming off the pandemic recession appeared to edge closer to reality Thursday with fresh data showing the pace of layoffs dwindling, consumers spending freely and manufacturing rebounding. The latest barometers point to a...

Experts cut outlook for German growth amid 3rd pandemic wave

Apr. 15, 2021 04:52 AM EDT

FRANKFURT, Germany (AP) — Leading German economic institutes have slashed their growth forecast for 2021 as a slow vaccination rollout and a more contagious variant of the coronavirus have meant continuing restrictions on business activity in Germany. The institutes...

Fed survey: Economy rebounding, helped by stimulus, vaccines

Apr. 14, 2021 16:02 PM EDT

A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines. The new survey released Wednesday showed that...

NCAA volleyball tournament will boost Omaha's economy

Apr. 11, 2021 16:02 PM EDT

OMAHA, Neb. (AP) — The Omaha economy will get a significant boost from hosting the entire NCAA volleyball championship tournament over the next two weeks. For instance, when the NCAA decided to move the entire tournament to the city instead of just holding the Final...

IMF: Vaccine inequity threatens Mideast's economic recovery

Apr. 11, 2021 07:06 AM EDT

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday that an uneven...

Tech company gains help push S&P 500 to record high

Apr. 09, 2021 17:07 PM EDT

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500 and Dow Jones Industrial Average to all-time highs. The S&P 500 rose 0.8% for its fourth record high this week and third...

Pandemic impact may weigh on commercial real estate recovery

Apr. 08, 2021 11:22 AM EDT

LOS ANGELES (AP) — The distribution of COVID-19 vaccines is fueling optimism that Americans will increasingly return to the ways they used to shop, travel and work before the pandemic. That would be a welcome change for companies that own office buildings and hotels, or...

Asian shares mostly higher after S&P record high

Apr. 08, 2021 00:16 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after a mixed close on Wall Street, where gains for several Big Tech stocks nudged the S&P 500 to a second record high in three days. Tokyo’s Nikkei 225 index slipped 0.4% to 29,610.20 as a resurgence...