economy – Newswire Report

The Coronavirus Stock Market Rollercoaster Isnt Stopping Anytime Soon

March 19, 2020March 19, 2020 NewsEditorChina, coronavirus, economy, stock market

It may get a lot worse before it gets any better. Sales of face masks, hand sanitizer, and disinfectant may be spiking worldwide due to the cascading spread of 346 companies set to announce earnings results from 2019s fourth quarter on Friday; more than 1100 were expected to release quarterly earnings reports the first week of March. Any additional news of lower-than-expected sales, production, inventory, or profits will also drag down stock prices and related indexes. In the years after the car parts, computers, chemicals, clothing, plastic components and even…

Headlines

The US economy added 225,000 jobs in January, beating expectations

February 8, 2020February 8, 2020 NewsEditor000 jobs added, economy, Jobs report: 225, News, unemployment rate at 3.6% in January - CNN

New York (CNN Business)The US economy added 225,000 jobs in January, as the surprisingly strong pace of hiring continues. Meanwhile, the unemployment rate edged slightly higher to 3.6%, as more people decided to look for jobs. But the sector’s weakness isn’t yet a cause for concern for investors until transportation jobs follow a similar pattern, said JJ Kinahan, chief market strategist at TD Ameritrade. This suggests the manufacturing downturn is somewhat contained. A slump in transportation jobs would imply a more broad-based downturn in the production, trade and delivery of…

Odds and Ends

FintechOS raises $14M to help banks launch products as fast as fintech startups

January 4, 2020January 4, 2020 NewsEditorCapgemini, deloitte, Earlybird Venture Capital, economy, Europe, financial services, financial technology, insurance, Microsoft, Money, monzo, N26, partner, plug and play, south east asia, United States

Over the last few years, we’ve seen the rise of fintech startups like N26 and Monzo to challenge the incumbents with new products like challenger banks. But what if the big banks wanted to compete in that game themselves? This is the aim of FintechOS, a Romanian startup that actually aims to help incumbents compete in this brave new, competitive, world. FintechOS allows banks and insurance companies to act and react faster than the new upstarts on the scene with plug and play products. It’s announcing today that it has secured $14 million (£10.7 million)…