The U.S. economy is bigger than it was pre-pandemic, but Covid could still decide what happens next

A worker hoists a flight chain at the Calder Brothers’ facility in Taylors, South Carolina, U.S., July 19, 2021. Brandon Granger | Calder Brothers Corporation | Reuters The U.S. economy is now larger than it was before the pandemic, but its growth rate may have peaked this year at a much slower pace than expected. … Read more

Stocks making the biggest moves premarket: Comcast, Merck, Temper Sealy, Yum and others

Names on the move ahead of the open. Source link

Vaccine shortage holds back developing world as rich economies roar ahead

That’s according to the latest forecast from the International Monetary Fund. The organization on Tuesday confirmed its prediction that the global economy will expand by 6% this year. But while growth estimates for countries like the United States, the United Kingdom and Canada have improved since the IMF’s previous report in April, expectations for India … Read more

GE lifts full-year free cash flow target on recovery hopes

General Electric lifted its free cash flow forecast for the year on Tuesday, as a recovery in the aviation market is expected to boost demand for the U.S. conglomerate’s jet engines and spare parts. The Boston-based company said it expects 2021 free cash flow to be $3.5 billion to $5 billion, up from its prior … Read more

World’s 20 best airlines are named by air safety website

Travelers who are on the fence about flying again may want to check out a new list of the world’s best airlines. The airline safety website AirlineRatings.com published its list of “Top Airlines in the World,” which traditionally ranks carriers by safety, in-flight service, passenger comfort and flight routes. But this year, new judging criteria … Read more

Covid 2nd wave to have more lasting damage on Indian economy, exports key for recovery: Moody’s Analytics

Moody’s Analytics on Monday said that the second wave of the Covid-19 pandemic may have a more lasting damage on the Indian economy and exports will once again be the foundation for recovery. In its report titled ‘APAC Economic Outlook: The Roadblock’, it said that social distancing is weighing on the current quarter but economic … Read more

Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs

A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs onto their customers through price hikes. Many companies that reported quarterly results in the past … Read more

The rapid growth the U.S. economy has seen is about to hit a wall

A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure due to COVID-19 safety measures, in Washington U.S., July 14, 2021. Kevin Lemarque | Reuter The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady … Read more

European agency is 1st to approve Moderna jab for children

A medical worker from Parrish Medical Center holds a vial of the Moderna COVID-19 vaccine at a drive through vaccination clinic for employees of Port Canaveral, workers at local hotels and restaurants, and residents of the Port Canaveral community. Paul Hennessy | LightRocket | Getty Images The European Medicines Agency has recommended approving Moderna’s COVID-19 … Read more

Stocks making the biggest moves premarket: Skechers, Boston Beer, Snap, Twitter & more

Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California. Getty Images Check out the companies making headlines before the bell Friday: American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of $1.66, with revenue above estimates as well. Results were … Read more