Covid-19 Worries Ripple Through Markets

Pevita Lena

Stocks, bond yields and oil prices declined Monday in the most acute sign yet that investors are second-guessing the strength of the global economic recovery that sent markets soaring this year. Markets rallied in the first half of 2021, thanks to investors’ bets that economies would bounce back, as countries […]

Economy Week Ahead: Housing, Jobless Claims, ECB

Pevita Lena

U.S. home builders have been caught between strong buyer demand and higher materials costs and difficulty securing lots and labor. Photo: mike blake/Reuters By WSJ staff July 18, 2021 3:00 pm ET The U.S. housing market is in focus during a relatively light week for economic data. TUESDAY U.S. housing […]

Red-Hot U.S. Economy Expected to Cool From Here

Pevita Lena

The U.S. economy’s 2021 growth surge likely peaked in the spring, but a strong expansion is expected to continue into next year, say economists surveyed by The Wall Street Journal. Widespread business reopenings, rising vaccination rates and a big infusion of government pandemic aid this spring helped propel rapid gains […]

This is as good as it gets for the US economy

Pevita Lena

The writer, Morgan Stanley Investment Management’s chief global strategist, is author of ‘The Ten Rules of Successful Nations’ Driven by the success of America’s vaccine rollout and massive government stimulus, the US economy is expected to grow as fast as 7 per cent this year and is currently leading the […]

Democrats work to keep Biden’s economic agenda alive

Pevita Lena

WASHINGTON — Democratic leaders are performing a high-wire act to keep President Joe Biden’s economic agenda alive, seeking to balance tensions inside their party with pressure from Republicans who want to derail his plans to expand the social safety net. In the coming weeks, Democratic leaders are hoping to formally […]