U.S. consumer confidence ebbs; house prices surge

WASHINGTON (Reuters) – U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter.

FILE PHOTO: Shoppers browse in a supermarket while wearing masks to help slow the spread of coronavirus disease (COVID-19) in north St. Louis, Missouri, U.S. April 4, 2020. REUTERS/Lawrence Bryant

The survey from the Conference Board on Tuesday followed on the heels of reports this month showing the smallest job gains and retail sales growth in October since the recovery from the pandemic recession started in May. The number of people filing new claims for unemployment benefits increased in mid-November.

The economy is losing speed as more than $3 trillion in government coronavirus relief has lapsed. The fiscal stimulus helped millions of unemployed Americans cover daily expenses and small-to-medium sized companies keep workers on

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EBay Growth Ebbs, Sparking Concern Pandemic Boost Is Over

(Bloomberg) — EBay Inc.’s marketplace growth slowed in the third quarter, worrying investors that an online shopping boost from the Covid-19 pandemic isn’t sustainable.



logo: The logo for eBay Inc. is displayed on a laptop computer in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Sunday, May 10, 2020. There has been "a meaningful structural change" in U.S. retail, with more and more money shifting to e-commerce during the pandemic, according to Baird.


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The logo for eBay Inc. is displayed on a laptop computer in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Sunday, May 10, 2020. There has been “a meaningful structural change” in U.S. retail, with more and more money shifting to e-commerce during the pandemic, according to Baird.

Gross merchandise volume, the value of all goods sold on the site, rose 22% in the third quarter, down from 26% growth in the second quarter. International GMV increased 16%, a smaller gain than the previous period.

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“If you look at EBay prior to Covid, they were under-performing other e-commerce companies, and that’s the concern,” said Brian Yarbrough, an analyst at Edward D. Jones & Co. “Do we go

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