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Asian markets are falling after bleak US GDP data

Asian stocks fell on Friday as reports showed that layoffs continued at a high level after the US economy contracted nearly 33% annually in the spring, the worst quarter since its inception. Results reports, a measure of how well companies are coping with the aftermath of the coronavirus pandemic, added to the darkness. Some technology companies have resisted the trend …

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Unemployment claims are still falling as Congress debates benefits

Positions filled include loan officers, insurers, credit processors and customer service representatives for offices in Buckhead and Alpharetta. This is a sign that the Atlanta property market is still strong. But in large parts of the economy, the continuing spread of the corona virus is shaking consumer spending, Wald said. “The bad news is that despite the reopening in Georgia, …

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Welcome to the one city in America where unemployment is actually falling

Out of 389 metropolitan areas covered by the Bureau of Labor Statistics, this is the only city in the country where the unemployment rate has not increased in the past year. City officials pass this on to their largest employers: healthcare providers, bourbon and tobacco producers, and manufacturers of personal protective equipment. “We did it as a community,” Owensboro Mayor …

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European travel stocks are falling due to concerns about the second wave

European travel stocks fell Monday morning as investors worried about an increase in coronavirus cases in the region. The top 16 travel and leisure stocks in Europe fell more than 3% in the first hour of trading, with Tui, easyJet and International Airlines Group – owners of Iberia and British Airways – all declining by around 10%. Investors are concerned …

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That means a falling US dollar for the stock market

EXTRA MARKET The US dollar looks shaky. Aside from some kind of currency meltdown, a weaker dollar should be positive for stocks, although foreign stocks are likely to benefit more, analysts said. Loading error The ICE US Dollar Index (DXY), a measure of currency versus a basket of six main competitors, fell 1.6% last week and hit a 22-month low …

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Falling birth rates lead to considerable shifts in economic power

People with brightly colored clothes selling and buying goods in a street market in Osogbo, Nigeria at dusk. Jorge Fernández | LightRocket via Getty Images Falling birth rates will likely mean that almost every country will have a shrinking population by the end of the century, according to a new study that triggers “major shifts” in global economic power. A …

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European stocks are falling as growing job losses alert investors

European stocks fell on Friday as increasing job loss across the continent further increased the prospect of a slow recovery from the coronavirus crisis. British retailers John Lewis and Boots announced thousands of job cuts on Thursday, adding a long list of airlines and industry titans that have fired employees in recent weeks. The pan-European STOXX 600 index (^ STOXX) …

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