After years of pouring money into disruptive technologies in the financial services industry, venture capital firms are turning their attention to the health care ecosystem as the pandemic upends traditional ways of delivering health care. … READ MORE >
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Global trade recovery: Imports at seaports rise, but exports are still in shock
Activity at North American seaports picked up over the summer, showing gains for the third straight month and indicating that the nascent recovery in the economy is underway. … READ MORE >
Permanent job losses mount as pandemic endures
The number of people who have lost either a permanent or a temporary job increased for the seventh consecutive month in September, another indication that hopes for a quick recovery are misplaced. … READ MORE >
CHART OF THE DAY: The prime working age of discontent
While women have joined the workforce en masse in recent decades, men — and their sons who could once rely on factory jobs to support a family — have seen those jobs disappear as corporate profits increased. … READ MORE >
U.S. employment report: Rehiring slows as permanent job losses pile up
While the U.S. economy has rebounded and a nascent recovery is underway, the pace of workers being recalled is slowing and gains in the labor market are likely to become more difficult to come by. … READ MORE >
Trump tests positive: Assessing its impact on the economy via financial markets
At this point, we think that any impact on the economy can be measured through the financial channel, the confidence channel and through consumer spending, with a lag. … READ MORE >
Latest ISM data shows manufacturing activity cooled in September, but still grew
The Institute for Supply Management index, a closely watched measure of U.S. manufacturing activity, decreased in September to 55.4 from 56 in the previous month and fell below market expectations of 56.5. … READ MORE >
CHART OF THE DAY: Gaming goes to the cloud
With Amazon’s recent announcement of its cloud gaming service, Luna, the race to the cloud is on in the gaming industry as consoles and digital downloads are destined to become a thing of the past. … READ MORE >
U.S. personal income dropped 2.7% as income supplements faded
The U.S. August personal income and spending report partially captured the loss of roughly $60 billion in income supplements as personal income declined 2.7%. … READ MORE >
Initial jobless claims: Improvement stalls at elevated levels
There were 837,000 initial jobless claims for the week ending Sept. 26, and 1.487 million if one includes the 650,000 first-time claims for Pandemic Unemployment Assistance, the Labor Department reported on Thursday. … READ MORE >