NewsWatch: GDP soars by record 33.1% annual pace in third quarter, but coronavirus resurgence threatens U.S. economic recovery

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An unshackled U.S. economy soared by a record 33.1% annual pace in the third quarter as it began to recover from the coronavirus epidemic, but the historic rebound in the summer has already tapered off and a fresh viral outbreak threatens to further choke off growth. See full story.

The pandemic has sent people flocking to Pinterest and Snap, which could be a bad sign for Facebook

Pinterest Inc. is seeing a boom in new users as shut-in DIYers looked for new home improvement projects during the pandemic, and its revenue benefitted from a boycott by many large advertisers of Facebook. See full story.

Here are all the reasons COVID-19 cases are surging again

Experts attribute the record-breaking number of coronavirus cases to growing weariness among Americans to keep up with pandemic practices like social distancing and wearing masks. See full story.

These obscene translation gaffes tarnished Amazon’s Swedish debut (along with using the wrong flag)

Amazon’s long-anticipated push into Sweden was derailed by an embarrassing flag gaffe and poor translations spotted by users. See full story.

The best 5G pure-play investment is in cellphone-tower operators

Start with Crown Castle International and American Tower in the U.S. and Cellnex Telecom in Spain. See full story.

MARKETWATCH PERSONAL FINANCE

‘In some ways, what we are engaging in is a national exercise in deferred gratification.’ See full story.