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Todayâs Top Stories From the Breitbart News Desk
The U.S. economy has continued to recover this month, according to the latest IHS Composite Purchasing Managers’ Index. Both the services sector and the manufacturing sector registered solid growth, defying widespread expectations that growth would slow significantly as summer turned to autumn. The manufacturing sector is actually accelerating, and the services sector slowed only marginally.
Overseas, the story is very different. Japan’s manufacturing is contracting, and there is no sign of relief. The eurozone barely registered an expansion this month, falling short of expectations.
This should finally put to rest the Democratic talking point that the Trump administration’s alleged mismanagement of the pandemic response put the U.S. economy in a worse position compared with other industrialized nations.
But the U.S. cannot afford to get too cocky. One of the reasons Europe’s economies are slowing to the verge of contraction is new restrictions on business and social activities.
Those were put in place because of a rise in COVID-19 infections, even while death rates remain low. Rising case counts in the U.S. are likewise leading to calls for renewed lockdowns. If those were to prevail, the economic damage would likely be immense.
Stocks today resumed this month’s sell-off. The decline accelerated right around the time authorities announced that a former Louisville police officer had been indicted on three counts of wanton endangerment in the death of Breonna Taylor. That indictment immediately set off protests by those who found it inadequate. Louisville is now bracing for a potential riot.
Although the timing of the two events was eerie, it seems unlikely investors decided to discount the value of Apple’s future earnings by 4.2% in protest. Most likely, it’s just a 2020 coincidence of bad things happening all at once.
â Alex Marlow, Breitbart News Network
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TOP STORY
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[U.S. Economic Recovery Continues at Solid Pace While Japan and Europe Stumble](
The U.S. economy is expanding at a solid pace, defying predictions that the recovery would falter as reported infections rose and stimulus from the government waned. In Europe and Asia, however, economies are once again faltering as governments have once again imposed restrictions and lockdowns. [[Click here for more](
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IN OTHER STORIES…
[Gig Economy Startup âCivvlâ Offers Freelance Eviction Help to Landlords](
A new startup is paying freelance workers to help landlords around the country evict tenants that are behind on their rent. The company has faced criticism from media outlets and social media users this week, many of which have suggested that the companyâs operations are unethical. [[Click here for more](
[Wells Fargo CEO Apologizes for Comments on Diversity](
Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made about the difficulty of finding qualified black executives. Scharf said that âthere is a very limited pool of black talent to recruit fromâ in corporate America. The memo to employees was written in June, but became public this week. The comments and similar statements made in a Zoom meeting, reported by Reuters, led to intense backlash in Washington and on social media. [[Click here for more](
[5 Key Facts on the TikTok Global Deal](
The Chinese-owned video-sharing app TikTok recently laid out a partnership with U.S. companies Oracle and Walmart in a deal that has delayed the banning of the app for American users. Here are five key facts about the deal currently pending government approval. [[Click here for more](
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FROM THE MAGANOMICS INSTITUTE…
[Should We Listen to Doctors?](
This is an important question, as weâve reached another critical juncture with the coronavirus. [[Click here for more](
[As Odds of New Government Stimulus Fade⦠These Industries Will Be Most Impacted](
These three industries will likely see a slowdown in spending through the end of the year. [[Click here for more](
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