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Premarket stocks: After a tough end to 2020, the US economy is quietly improving

Premarket stocks: After a tough end to 2020, the US economy is quietly improving CNN 2/4/2021 By Julia Horowitz, CNN Business © John Lamparski/Getty Images NEW YORK, NEW YORK - DECEMBER 19: Diners are seen at the Bryant Park Grill in Bryant Park on December 19, 2020 in New York City. The pandemic continues to burden restaurants and bars as businesses struggle to thrive with evolving government restrictions and social distancing plans which impact keeping businesses open yet challenge profitability. (Photo by John Lamparski/Getty Images) As vaccinations pick up speed and Covid-19 cases fall from their recent peak, economic data out of the United States looks increasingly promising.

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Biden s Covid plan has to work The economy depends on it

Biden s Covid plan has to work. The economy depends on it CNN 1/22/2021 By Matt Egan, CNN Business © Joshua Roberts/Pool/Getty Images WASHINGTON, DC - JANUARY 20: U.S. President Joe Biden participates in a televised ceremony at the Lincoln Memorial on January 20, 2021 in Washington, DC. Biden was sworn in today as the 46th president. (Photo by Joshua Roberts-Pool/Getty Images) The fate of the economic recovery is riding on President Joe Biden s mission to speed up the lackluster rollout of coronavirus vaccines. While the development of vaccines happened faster than many had expected, distribution is lagging behind schedule, in part because of the chaotic presidential transition in the midst of the worst pandemic in a century.

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Two tech stalwarts fail to impress Wall Street

Two tech stalwarts fail to impress Wall Street Tech companies have been an investor favorite during the pandemic. But Wall Street is keeping its distance from two industry stalwarts after their latest earnings reports. Intel beat full-year revenue expectations, hauling in a record $77.9 billion last year and announcing that it would boost its quarterly dividend to reward shareholders. But investors still weren’t sold, as worries persist that the company is lagging behind competitors in producing the most advanced microprocessors while struggling with manufacturing delays. Incoming CEO Pat Gelsinger said on a call with analysts that Intel would consider outsourcing more production.

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Premarket stocks: IBM and Intel, two tech stalwarts, fail to impress Wall Street

Premarket stocks: IBM and Intel, two tech stalwarts, fail to impress Wall Street CNN 1/22/2021 By Julia Horowitz, CNN Business © Grabowski Foto/Shutterstock The IBM building in Porta Nuova, one of the main business districts of Milan, in September 2019. Tech companies have been an investor favorite during the pandemic. But Wall Street is keeping its distance from two industry stalwarts after their latest earnings reports. Popular Searches Intel beat full-year revenue expectations, hauling in a record $77.9 billion last year and announcing that it would boost its quarterly dividend to reward shareholders. But investors still weren t sold, as worries persist that the company is lagging behind competitors in producing the most advanced microprocessors while struggling with manufacturing delays. Incoming CEO Pat Gelsinger said on a call with analysts that Intel would consider outsourcing more production.

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US debt surged by $7 trillion under Trump It will go much higher under Biden

US debt surged by $7 trillion under Trump It will go much higher under Biden
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