COVID-19 pandemic stalls global economic recovery: UN report |

The 2022 World Economic Situation and Prospects (WESP) report, produced by the UN Department of Economic and Social Affairs (DESA), cites a cocktail of problems that are slowing down the economy, namely new waves of COVID-19 infections, persistent labour market and lingering supply-chain challenges, and rising inflationary pressures. The slowdown […]

Wall Street sets new records after strong Oct jobs report

Stocks soared on Friday, with major benchmarks rallying to fresh records as investors reacted favorably to October jobs report, which showed a better-than-expected pick-up in payroll growth and another improvement in the unemployment rate.  The blue-chip index set new intraday record in the wake of the data, extending Thursday’s gains […]

Stock futures rise as traders await jobs report

Stock futures opened higher Thursday evening, extending gains as investors awaited a key report on the labor market’s recovery. Contracts on the S&P 500 ticked up after the index logged a third straight session of gains during Thursday’s regular trading day. The move to the upside came after Senate leaders said […]