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Fed beige book: economic activity further strengthens price increases above average
Overall economic activity in the United States strengthened further from the end of May to early July, according to the Federal Reserve's beige book survey released on Wednesday. Prices are rising at an above-average rate, with strong price growth reported in seven regions and a slight increase in the rest. According to the report, 3/4 of the regions reported slight or moderate employment growth, while the rest reported moderate or strong employment growth. The average wage growth rate was moderate, and low-wage workers received higher-than-average wage increases.
Us ADP payrolls changed by 692000 in June. Small non-farm data was slightly higher than expected.
The number of ADP payrolls in the United States changed by 692000 in June, with an expected number of 600000, compared with a previous value of 978000. The ADP reported that construction employment increased by 47000 in June, compared with an increase of 65000 in May. Manufacturing employment increased by 19000 in June and 52000 in May. Trade / transport / utility employment increased by 62000 in June, compared with an increase of 118000 in May. Employment in the financial services sector increased by 10,000 in June and 20,000 in May. Employment in professional / business services increased by 53000 in June, compared with an increase of 68000 in May.
The number of first-time jobless claims in the US fell for the sixth week in a row last week
The number of first-time jobless claims in US states declined for the sixth week in a row, in line with further improvements in the labor market and strong economic growth. According to data released by the US Department of Labor on Thursday, in the week ending June 5, the number of first-time applicants for unemployment benefits under regular unemployment benefit plans in various states fell by 9,000 to 376,000. The median forecast made by economists surveyed by Bloomberg was 370,000 people. In the week ending May 29, the number of people who continued to claim unemployment benefits fell by 258,000 to 3.5 million, the biggest drop since mid-March. As more and more America grows
Cole Department Store Q4 has total revenue of US $6.141 billion and net profit increased by 29% compared with the same period last year.
Cole's total revenue in the fourth quarter of 2020 was $6.141 billion, down 10.1% from a year earlier; net profit was $343 million, up 29% from a year earlier; and diluted earnings per share were $2.20, compared with $1.72 a year earlier. For the whole of 2020, the company's total revenue was $15.955 billion, down 20.1% from a year earlier; a net loss of $163 million, compared with a net profit of $691 million in the same period last year; a diluted loss of $1.06 per share and earnings per share of $4.37 in the same period last year.
Walt Disney Company lost less than expected in the fourth quarter, and Walt Disney Company + surpassed expectations by 6% in after-hours trading.
Walt Disney Company's shares rose 6% in after-hours trading on Thursday, after the company reported 73 million paid Walt Disney Company + subscribers who exceeded market expectations, and the loss was not as severe as expected. According to the financial report, Walt Disney Company's fourth-quarter revenue was $14.71 billion, and the market expected $14.195 billion; a loss of 20 cents per share, a market expected loss of 71 cents; a net loss of $710 million, and an expected market loss of $1.695 billion. Walt Disney Company said that the company's revenue in fiscal 2020 was $65.388 billion, compared with $69.57 billion last year, and the market is expected to be $64.837 billion.
The vaccine news cheered investors up! What kind of sector is the best choice to invest in US stocks in 2021?
Original title: vaccine news cheered investors up! What kind of sector is the best choice to invest in US stocks in 2021? On Tuesday, November 10th, market analyst Elliot Smith wrote that Pfizer Inc's good news about the release of the vaccine has made investors more optimistic about financial markets in 2021. Barclays believes that because of Biden's victory and the good news about the vaccine, the two major tail risks facing the market have been greatly reduced, which bodes well for reflation trading. UBS advises investors to focus on cyclical sectors in the future, avoiding big technology and those that benefit from home isolation. It is good for Pfizer Inc to release the vaccine.
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