Fourth-quarter 2022 GDP: What economists are expecting
Economic growth is expected to have slowed slightly in the fourth quarter but was still solid, driven by a strong consumer.Economists will be studying Thursday’s report on U.S. gross domestic product carefully for signs of how strong or weak the consumer actually was at the end of 2022. Retail sales suggest spending fell off sharply […]
Pound faces mid-Atlantic as markets eye BOE blink :Mike Dolan By Reuters
© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska By Mike Dolan LONDON (Reuters) -Whatever new year fillip the euro zone economy got from ebbing prices, the UK saw none of it – […]
Sunrun, U.S. Bancorp, Alphabet, AT&T and more
Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesCheck out the companies making the biggest moves midday:News Corp, Fox — News Corp rallied 5.4%, while Fox news gained more than 2%, after Rupert Murdoch called off plans to merge the two […]
Goldman Sachs sees a crash for home values in these 4 cities
As interest rates continue to skyrocket, home prices across the country have continued to plummet — and Goldman Sachs says the declines will only worsen and extend through 2023. In a note to clients earlier this month, Goldman Sachs forecasted that four American cities in particular should gear up for a seismic decline compared to […]
Bitcoin Pares Gains. Why the Coming Days Could Bring More Volatility.
Bitcoin and other cryptocurrencies took a breather Wednesday, paring gains from a rally that has lifted digital assets to the highest levels in months. But the next week holds key macro catalysts that could see cryptos make another big move. The price of Bitcoin has shed 2% over the past 24 hours to below $22,550. […]
Stocks making the biggest moves premarket: Boeing, AT&T and more
The exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022. Logan Cyrus | AFP | Getty ImagesCheck out the companies making headlines before the bell.Boeing – Boeing’s stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. The […]
Market Update – January 25 – Asian markets return to hot AUD & NZD Inflation
Many Asian markets back (China & Taiwan remain closed all week) and higher today, NYSE suffered tech meltdown (250+ stocks paused trading on Open) US Stocks mixed following a raft of uninspiring Earnings. #MSFT had its weakest quarterly sales growth in 6-yrs but EPS beat. -0.22% on the day & -1.02% after hours. PMI data […]
“Soft landing” is the new “transitory inflation” – “markets look vulnerable”
BNP Paribas saying its way too early to dismiss recession fears (Deutsche Bank says the same, more to come from them below). BNP: “Soft landing” has been the catchphrase of a still-young 2023. But we think it will go out the window in the same fashion as “transitory inflation” did in 2022. As growth slows […]
Microsoft, Texas Instruments, Capital One & more
A building with offices belonging to Microsoft is seen in Chevy Chase, Maryland, January 18, 2023.Saul Loeb | AFP | Getty ImagesCheck out the companies making headlines after the bell: Microsoft — The tech giant saw shares rise 4% in extended trading after the company reported fiscal second-quarter results that exceeded analysts’ estimates, driven by the strong […]
Lyft, 3M, Lululemon and more
A woman walks near a Bed Bath & Beyond branch on January 11, 2023 in New York City.Leonardo Munoz | View Press | Corbis News | Getty ImagesCheck out the companies making headlines in midday trading Tuesday.Lyft — The ride-sharing app’s stock added 1.5% following an upgrade to overweight from sector weight by KeyBanc. The […]