The spread between the 2-year and 10-year Treasury yields flipped for the first time since 2007, with the 2-year moving higher than the benchmark 10-year. A flattening of the yield curve has been a reliable predictor of a recession for the last half century.
The S&P 500 ended lower Friday after a choppy session as investors weighed spiking cases of COVID-19 and Apple's announcement of fresh store closures against anticipated stimulus and continued economic recovery. Fred Katayama reports.
U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession was over or drawing to an end. Fred Katayama reports.
Amazon's global ecommerce sales will reach $416.48 billion in 2020, according to Business Insiders latest latest estimates. Consumers are relying more heavily on e-commerce due to COVID-19. The new figure is about $12 billion more than our pre-pandemic estimates. Most of Amazon's sales come from the US. However, the pandemic has also fueled growth in Germany, the UK and Japan.
It's the first visit of the German Chancellor to Brussels since Germany took the reins of the EU Council presidency. She is addressing MEPs who want a bigger role in budget talks. She is hoping to get a deal, which includes the parliament's approval, on the trillion-euro recovery package.View on euronews
Credit: euronews (in English) Duration: 01:33Published