Loading ...- With floodwaters still rising and damage estimates piling up, analysts expect just a modest dent in the U.S. economy from Hurricane Harvey this quarter, with reconstruction efforts likely to be substantial enough to BOOST GROWTH LATER IN THE YEAR.
Top Overnight News
- Euro-area economic confidence rose to the highest level in a decade as European Central Bank policy makers prepare for a discussion next week about whether and how to pare back stimulus
- With floodwaters still rising and damage estimates piling up, analysts expect just a modest dent in the U.S. economy from Hurricane Harvey this quarter, with reconstruction efforts likely to be substantial enough to boost growth later this year
- North Korea’s Kim says IRBM firing is ’prelude’ to containing Guam; Yonhap says possibility that North Korea launches missile into the Pacific Ocean to show off ability to strike U.S. mainland cannot be excluded
- On Tuesday morning, disaster analyst Chuck Watson had pegged $42 billion as a reasonable estimate for the cost of destruction Tropical Storm Harvey would leave in its wake. By the end of the day, he’d added another $10 billion
- With floodwaters still rising and damage estimates piling up, analysts expect just a modest dent in the U.S. economy from Hurricane Harvey this quarter, with reconstruction efforts likely to be substantial enough to boost growth later this year