Economics News

News Economics
JPMorgan reported strong Q2 earnings, with EPS of $4.40 beating expectations. However, the stock dipped 0.7% despite the earnings beat, as the company highlighted potential economic risks like geopolitical tensions and inflation.
Investing.com • 1d ago
News Economics
Bernstein SocGen increased its price target for Experian shares to GBP41.00 from GBP33.00, citing the company's robust growth engine and strong performance. However, the analyst expressed concerns about the current risk-reward scenario due to potential impacts of higher interest rates, a weakening consumer environment, and a decrease in debt demand.
Investing.com • 2d ago
News Economics
UBS has revised its forecast for the New Zealand dollar (NZD), expecting it to underperform against other G10 currencies. The firm anticipates the Reserve Bank of New Zealand (RBNZ) will cut interest rates by 25 basis points in August, with a terminal rate of 3.25% by the fourth quarter of 2025.
Investing.com • 2d ago
News Economics
The 'Other 493' companies, outside the 'Magnificent 7' tech giants, are expected to show earnings growth in Q2, the first time in five quarters. This could broaden market gains as tech sector growth slows. Bank of America forecasts a conservative 2% beat on Q2 earnings, citing weak macroeconomic data.
Benzinga • 3d ago
News Economics
Microsoft's price target was raised by Argus due to the company's strong positioning in the generative AI market. Analysts believe Microsoft's investments in AI and cloud services will drive long-term growth, making it a safe haven for investors during uncertain economic times.
Investing.com • 4d ago
Stocks Economics
U.S. stock futures point to a flat start as the broader market is near record highs, with traders cautious ahead of key economic data and Fed Chair Powell's testimony. The recent strong gains have left the market vulnerable to a potential pullback.
Benzinga • 5d ago
News Economics
The Labour Party has won a comprehensive victory in the UK parliamentary election, giving investors some certainty after years of market volatility. The pound has firmed slightly, and British stocks are expected to rise, though the new government will face economic challenges in balancing its spending plans.
Investing.com • 1w ago
News Economics
The article discusses the steady start of Keir Starmer as the new Labour Prime Minister of the UK, with the markets greeting his election with a calm response, in contrast to the tumultuous years under previous governments.
Investing.com • 1w ago
News Economics
Brent crude oil prices rose above $87 per barrel, reaching their highest level since April, driven by a decline in U.S. crude inventories. However, concerns about weaker economic data and its impact on fuel demand also weighed on the market.
Investing.com • 1w ago
News Economics
Aptiv PLC's stock has declined 22% year-to-date, underperforming its industry and the broader market. This is due to challenges facing the global automotive industry, including a slowdown in electrification momentum, rising costs, and economic volatility. While Aptiv remains optimistic about its long-term prospects, the company's lowered guidance signals near-term weakness, and investors may want to wait for a more favorable entry point.
Zacks Investment Research • 1w ago
News Economics
SMART Global Holdings, Inc. is set to report its third-quarter fiscal 2024 results on July 9. The company expects revenues of $300 million and non-GAAP earnings per share of 30 cents. Factors like strong execution in Intelligent Platform Solutions and expanding OriginAI solutions are expected to drive the company's performance, but a challenging macroeconomic environment and weakening momentum in memory and LED solutions could be concerns.
Zacks Investment Research • 1w ago
News Economics
The upcoming US presidential election, economic uncertainty, and signs of a slowdown could create a challenging environment for markets. Heightened policy uncertainty and partisan conflict could negatively impact investment and economic growth.
Investing.com • 1w ago
News Economics
Hisense celebrates 11 years of its factory in South Africa, which has become the largest TV production facility in sub-Saharan Africa. The factory has created jobs, empowered the local community, and supported corporate social initiatives. Hisense is committed to sustainability, innovation, and community development.
GlobeNewswire Inc. • 1w ago
News Economics
U.S. stock index futures edged higher as investors awaited economic data and the Federal Reserve's June meeting minutes. The equity market will close early on Wednesday and stay shut on Thursday for U.S. Independence Day.
Investing.com • 1w ago
News Economics
UK services growth slowed in June, but the decline was less than initially estimated. The S&P Global UK Services Purchasing Managers Index fell to 52.1 from 52.9 in May, indicating modest economic growth momentum.
Investing.com • 1w ago
News Economics
The FTSE 100 Index, FTSE 250 Index, and FTSE 350 Index all rose at the market open in London, with gains across all sectors. The main economic events in the UK today are the composite and services PMI data, while the construction PMI data and elections will be released tomorrow.
Investing.com • 1w ago
News Economics
Zeta Global unveiled the Zeta Economic Index, a tool powered by AI that analyzes consumer behavior to provide a more comprehensive and real-time view of the US economy.
Benzinga • 1w ago
News Economics
AMP expects share markets to continue rallying in FY25 as central banks cut interest rates and economic growth remains resilient, despite potential geopolitical risks.
The Motley Fool • 1w ago
News Economics
South Korea's government has prepared financial support for small businesses and tax cuts for companies raising capital returns to shareholders, as part of efforts to boost the domestic stock market and economic growth.
Investing.com • 1w ago
News Economics
Despite upbeat quarterly EV sales, US EV makers face a bumpy road ahead due to high borrowing costs, economic uncertainty, and consumer preference for hybrids. Pressure to cut manufacturing and battery costs will continue.
Investing.com • 1w ago
News Economics
UBS analysts have a cautiously optimistic outlook on Canadian banks, recommending buys on Royal Bank of Canada and National Bank of Canada due to their strong balance sheets and diversified business mix, while maintaining neutral ratings on the other four major banks amidst macroeconomic challenges.
Investing.com • 1w ago
Economic Economics
To help executives understand, react, and adapt to the ongoing challenges within the finance industry, Fiverr has released a new report.
GlobeNewswire Inc. • 2w ago
Economic Economics
MCLEAN, Va., June 20, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.
GlobeNewswire Inc. • 3w ago
Economic Economics
Nearly one-third (31%) of OT organizations reported more than six intrusions in the last year, up from 11% the year before Nearly one-third (31%) of OT organizations reported more than six intrusions in the last year, up from 11% the year before
GlobeNewswire Inc. • 3w ago
Stocks Economics
The French stock market is on track to register its worst weekly performance since late February 2022. Following the announcement of snap elections last Sunday, the Paris CAC 40 index — as tracked by the iShares MSCI France Index Fund (NYSE:EWQ) — fell by 2.4% at 8:10 a.m. ET, heading into the final hours of the European session. On a weekly basis, the decline extends to 6%, marking the worst performance since late February 2022, when Russia’s invasion of Ukraine triggered a drop of over 10% for the CAC 40. Chart: France Equities Tumble The Most Since Russian Invasion Of Ukraine Risks Of Broader Contagion The main declines this week are among banking stocks, hit by the wave of sell-offs due to political uncertainties. France’s ...Full story available on Benzinga.com
Benzinga • 4w ago
Economic Economics
MCLEAN, Va., June 13, 2024 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily Apartment Investment Market Index® (AIMI®) rose by 8.7% in the first quarter of 2024 as well as over the full year, with the annual index up 8.1%. The AIMI’s quarterly rise occurred nationwide and in all 25 regional markets, signaling a sharp reversal from the decline last quarter. Over the last 12 months, AIMI increased nationwide as well as in all but one regional market. The synchronized gains quarterly and annually indicate improved investment conditions in the first quarter of 2024.
GlobeNewswire Inc. • 1mo ago
Economic Economics
Laporan Kelly mendapati kebanyakan strategi bakat tidak berkesan, mengecamkan pemimpin tenaga kerja yang menentang trend Laporan Kelly mendapati kebanyakan strategi bakat tidak berkesan, mengecamkan pemimpin tenaga kerja yang menentang trend
GlobeNewswire Inc. • 1mo ago
Stocks Economics
Businesses are failing to unlock the full potential of their employees and poor workforce planning is holding back growth for most, a Kelly survey found.
GlobeNewswire Inc. • 1mo ago
Economic Economics
ATLANTA and AMERSFOORT, The Netherlands, June 11, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released the results of its 8th Annual Global Transportation Management Benchmark Survey of over 630 companies. The study shows that 40% of the shippers and logistics services providers (LSP) surveyed are planning to invest in transportation technology to prepare for industry and regulatory changes. For top financially performing companies where senior leadership view transportation as a competitive weapon, this number rose to 44% compared to 32% for poorer financial performers.
GlobeNewswire Inc. • 1mo ago
Economic Economics
2023 report highlights Itron’s progress on sustainability initiatives, reduction of carbon emissions and customer resourcefulness.
GlobeNewswire Inc. • 1mo ago
Economic Economics
MCLEAN, Va., May 30, 2024 (GLOBE NEWSWIRE) --  Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.03 percent.
GlobeNewswire Inc. • 1mo ago
Analyst Economics
The U.S. economy grew at an annualized rate of 1.3% in the first quarter of 2024, marking a downward revision from the advance estimate of 1.6%. This represents the slowest growth rate since the second quarter of 2022. The revision was primarily driven by a decrease in real consumer spending, which was adjusted down from 2.5% to 2%. The GDP report from the Bureau of Economic Analysis, released Thursday, also indicated a slight downward adjustment of 0.1 percentage points in both the headline and core Personal Consumption Expenditure (PCE) price index for the last quarter. The slower-than-expected growth and marginally lower inflation figures eased Treasury yields, with the 10-year benchmark note falling 5 basis points to 4.57%. This drop sent bond ETFs higher, with the iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) rising 0.4%. The critical question remains whether these developments will ease the pressure on the Federal Reserve to cut interest rates, or if further inflation reports are needed to gain a more comprehensive understanding of economic dynamics. 5 Economists React To Q1 GDP, PCE Data Chris Zaccarelli: The chief investment officer at Independent Advisory Alliance views the recent economic data as “a double-edged sword.” Slowing personal consumption signals that economic expansion is cooling. This could concern companies and stock market investors. But it also suggests ...Full story available on Benzinga.com
Benzinga • 1mo ago
Stocks Economics
The U.S. economy has surged back into full throttle after two months of slower growth, with flash PMI data for May indicating the fastest expansion in over two years. However, this growth is accompanied by a rebound in input costs, raising concerns about the feasibility of returning to the Fed’s 2% inflation target. The U.S. Composite PMI, a key indicator of private sector economic health, jumped to 54.4 in May, up from April’s 51.3. This marks the highest level since April 2022 and exceeds market expectations of 51.1, according to preliminary data released by S&P Global. Both the services and manufacturing sectors showed expansions. The S&P Global US Services PMI rose to 54.8 in May 2024 from 51.3 the previous month, significantly surpassing market expectations of 51.3. Similarly, the S&P Global US Manufacturing PMI increased to 50.9 in May 2024, rebounding from April’s 50 and exceeding forecasts of 50. “The data put the US economy back on course for another solid GDP gain in the second quarter,” Chris Williamson, chief business economist at S&P Global Market Intelligence, commented. The Atlanta Fed’s GDPNow model projects that the U.S. economy is on track to achieve a 3.6% real growth rate in the current quarter, ...Full story available on Benzinga.com
Benzinga • 1mo ago
Stocks Economics
Mortgage applications in the U.S. saw an increase of 1.9% for the week ending May 17, continuing an upward trend following a 0.5% rise the previous week. This marks the third consecutive week of growth in mortgage demand, according to data released Wednesday from the Mortgage Bankers Association (MBA). The rise in applications aligns with a decrease in average mortgage rates, which reached a seven-week low due to expectations of lower inflation reducing long-dated Treasury yields. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 7 basis points to 7.01% during the week ending May 17, MBA data indicated. This decline, the third ...Full story available on Benzinga.com
Benzinga • 1mo ago
Economic Economics
MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) --  Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.02 percent.
GlobeNewswire Inc. • 1mo ago
Stocks Economics
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures. The report disclosed that both near-term and long-term inflation expectations have surged beyond projections this month, causing the broader consumer gauge to hit its lowest levels in six months. “If spending slows down and inflation increases, we'll get the opposite of the Goldilocks scenario that many were hoping for, and the Fed will be in an especially difficult position of choosing between accommodating a slowing economy and fighting increasing inflation expectations,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. Echoing this view, Jeffrey Roach, chief economist for LPL Financial, sees rising risks of stagflation, a concern that could unsettle markets. At 12:05 p.m. trading in New York, the S&P 500 was 0.1% lower, but it was firmly up by 1.6% for the week, poised to secure a third consecutive week of gains after three of losses. The Dow Jones Industrial Average was a tad higher, battling to secure the eight straight session of gains, the longest positive streak since December 2023. Tech stocks were flat. Small caps were the underperformers, with the iShares Russell 2000 ETF (NYSE:IWM) down 0.9%. The rising ...Full story available on Benzinga.com
Benzinga • 2mo ago
Economic Economics
MCLEAN, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent.
GlobeNewswire Inc. • 2mo ago
Economic Economics
New InterDigital/ABI Research report outlines enhanced capabilities of 6G, including integrated sensing and comms, native AI, and ubiquitous connectivity.
GlobeNewswire Inc. • 2mo ago
Economic Economics
Verizon Small Business Days Kick Off April 22, Featuring Tech Checks and Promotions Verizon Small Business Days Kick Off April 22, Featuring Tech Checks and Promotions
GlobeNewswire Inc. • 2mo ago
Economic Economics
TORONTO, 23 avr. 2024 (GLOBE NEWSWIRE) -- EquifaxMD Canada, une entreprise mondiale de données, d’analyses et de technologies, s’est engagée à aider les gens à profiter de la meilleure situation financière possible et à prendre des mesures visant à favoriser l’inclusion financière des Canadiens et Canadiennes, en offrant un soutien continu sur le plan de la déclaration des données sur le loyer dans le calcul des pointages de crédit.
GlobeNewswire Inc. • 2mo ago
Economic Economics
TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Equifax® Canada, a global data, analytics, and technology company, is committed to helping people live their financial best and to take steps to further financial inclusion for people in Canada with the continued support of rent reporting in credit scores.
GlobeNewswire Inc. • 2mo ago
News Economics
Stocks surged higher on Thursday, with the S&P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings. During midday trading in New York, all major indices were in the green. Notably, small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), outperformed, posting a 1% increase. Industry-wise, airline stocks continued their upward momentum, with the U.S. Global Jets ETF (NYSE:JETS) climbing 2.7%, building on Wednesday’s 3.9% surge. Tesla Inc. (NASDAQ:TSLA) had another lackluster session, declining over 3% and on track for its lowest close since January 2023. This decline followed Deutsche Bank’s downgrade of the EV-maker from Buy to Hold, citing concerns over the strategic pivot to autonomous vehicles. On the data front, the Philadelphia Fed Manufacturing Index posted ...Full story available on Benzinga.com
Benzinga • 2mo ago
Economic Economics
Fiverr's 9th Business Trends Index reveals that businesses are looking for solutions to elevate organizational performance and productivity
GlobeNewswire Inc. • 2mo ago
Stocks Economics
Wall Street can breathe a sigh of relief following the tense events on Saturday night, when Iran launched airstrikes against Israel. For now, the specter of escalation towards a larger conflict seems to have been mitigated, as both U.S. and U.K. allies have sternly cautioned Israeli Prime Minister Benjamin Netanyahu against any retaliatory actions towards Tehran. Major U.S. indices moved sideways in midday trading on Monday in New York, halting the significant losses recorded last Friday and the risks of a further extension following last Saturday’s heightened geopolitical tensions. The market sentiment was further bolstered by a retail sales report that significantly exceeded expectations, showing a 0.7% increase last month. However, this robust data slightly tempered ...Full story available on Benzinga.com
Benzinga • 2mo ago
Calendar Economics
In a week already ablaze with market fervor sparked by inflation data surpassing expectations and prompting a jolting reassessment of Federal Reserve rate cut projections, Friday witnesses heightened volatility, fueled by escalating geopolitical tensions in the Middle East. Israel is bracing for an attack from Iran, which could occur within the next 48 hours or even earlier, according to various media sources. White House National Security Council spokesperson John Kirby stated that an Iranian attack on Israel poses a "real" and "viable" threat. According to the Times of Israel, Hezbollah has launched a rocket barrage into Northern Israel. Meanwhile, the USS Dwight Eisenhower aircraft carrier has sailed north through the Red Sea toward Israel in a show of deterrence from the Biden administration, as an attempt to intercept missiles and drones fired by Iran. Market volatility, as indicated by the CBOE VIX Index, experienced a sharp spike, with the fear gauge surging by 23%, marking the most significant daily increase since late April 2022 and surpassing the uptick observed during ...Full story available on Benzinga.com
Benzinga • 3mo ago
News Economics
The U.S. has accumulated a huge pile of debt, and this has raised an alarm among economists and the American public alike. Tesla CEO Elon Musk on Friday suggested a quick fix for the problem. What Happened: A X platform user shared the U.S. debt clock, which showed a staggering $34.65 trillion in outstanding dues owed by the U.S. government. “This can't be fixed. It's over,” the user captioned the post. Responding to the post, another user shared a reflective question: “Is there no turning back?” This can't be fixed. It's over. pic.twitter.com/25BfI9JbSR — Rothmus 🏴 (@Rothmus) April 12, 2024 Musk, who has previously commented on the precarious fiscal position of the U.S. joined in and said, “AI will solve this (slight chance of killing us).” Full story available on Benzinga.com
Benzinga • 3mo ago
Stocks Economics
The latest April report on U.S. consumer confidence paints a bleak picture, showcasing a sharp decline in overall morale and a disturbing surge in inflation expectations among American consumers, according to data released Friday by the University of Michigan. "A slight uptick in inflation expectations in April reflects some frustration that the inflation slowdown may have stalled.” Surveys of Consumers Director Joanne Hsu, said. UMich Consumer Sentiment Report For March: Key Highlights The University of Michigan consumer sentiment index eased from 79.4 to 77.9 in April, missing expectations of 79. The sub-index for consumer expectations inched marginally down from 77.4 to 77, below the expected 77.6. The sub-index for current conditions fell from ...Full story available on Benzinga.com
Benzinga • 3mo ago