U.S. Retail Rose 7.5% in June as Stores Reopened
U.S. retail sales increased 7.5% in June as stores and restaurants reopened and consumers bought big-ticket items and resumed clothing purchases, but a recent rise in virus cases could again dampen spending. Jobless claims fell in the latest week.
U.S. Jobless Claims Held Nearly Steady at 1.3M in July 11 Week
New applications for unemployment benefits held nearly steady last week after a period of larger declines, a sign an increased number of Covid-19 cases in some states and related restrictions on businesses is causing the labor market's healing to stall.
ECB Leaves Monetary Stimulus Unchanged as It Assesses Pandemic's Economic Pain
The European Central Bank left its monetary stimulus unchanged, pausing to assess the economic pain eurozone businesses and consumers are still suffering as they emerge from lengthy lockdowns.
U.S. Stock Futures Slide as Economic Concerns Flare Up
Stock futures slipped amid fresh concerns about rising coronavirus infections and the global economy's faltering recovery from the pandemic.
China's Economy Appears Back on Track, but Challenges Remain
China reported a robust rebound in the second quarter. The question now is whether China has seen the best of the recovery, as Beijing faces a daunting set of challenges through the end of the year.
China Is First Major Economy to Return to Growth Since Coronavirus Pandemic
China's economy expanded 3.2% in the second quarter from the same period a year earlier, rebounding from a historic coronavirus-induced contraction in the first three months of the year.
Global Coronavirus Cases Hit a Single-Day High
The world saw a record single-day increase in coronavirus infections Wednesday, a day after the U.S. set a high for new cases, as the deadly pathogen continued to spreak.
Eurozone Trade Increased in May
The eurozone's trade surplus narrowed to EUR9.4 billion in May, with exports rising 7.9%, as governments eased restrictions designed to contain the coronavirus, but trade flows remained well below their pre-pandemic levels.
IPO Frenzy Grips China's Nasdaq-Style STAR Market
China's experiment in easing restrictions on stock offerings has helped funnel tens of billions of dollars into emerging technologies, which Beijing hopes can upgrade the economy. Along the way it has provided frantic trading.