CNBC Daily Open: U.S. CEOs now more optimistic about economy
Sumathi Bala CNBC March 8, 2024 What you need to know today Asia stocks advance Asia markets rose Friday with Japan’s Nikkei 225 as well as the TOPIX closing higher even as January household spending dropped more than expected. Hong Kong’s Hang Seng index and mainland China’s CSI 300 also rose. Overnight, U.S. stocks ended on a strong note with the S&P 500 jumping 1% to […]
US Stocks Amped Up by Big Tech, Better-Than-Expected Earnings
Carmen Reinicke, Carly Wanna, Sagarika Jaisinghani Bloomberg March 2, 2024 This earnings season gave investors ample reasons to pour money into stocks even as traders grow increasingly wary about the economy and the timing of the Federal Reserve interest-rate cuts. Results for the final quarter of 2023 signaled continued corporate strength despite the angst. Balance […]
US CPI Revisions Confirm Inflation Progress at End of 2023
Matthew Boesler Bloomberg February 9, 2024 US inflation was about the same at the end of last year as initially reported after incorporating annual revisions, according to new data published Friday. Consumer prices excluding food and energy items rose at a 3.3% annualized rate in the final three months of 2023, matching the previous reading, […]
Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap
Rita Nazareth Bloomberg February 2,2024 The stock market extended this week’s gains as big tech rallied and a solid jobs report bolstered the outlook for corporate profits. Equities hit all-time highs, with the S&P 500 approaching 5,000 and the Nasdaq 100 up 1.7% on bullish outlooks from Meta Platforms Inc. and Amazon.com Inc. Economic optimism outweighed bets the Federal Reserve will be in no rush to cut rates. Treasury two-year yields jumped 16 basis points to […]
Projected buyback revival stands to bolster US stocks in 2024
Lewis Krauskopf Reuters February 2,2024 NEW YORK, Feb 2 (Reuters) – The rally that has taken U.S. stocks to an all-time high is expected to have another powerful driver in 2024: companies buying back more of their own shares. Stock buybacks are projected to increase this year after ebbing in 2023, fueled by forecasts of […]
IMF Lifts World GDP Outlook on US Strength, China Fiscal Support
Global economy seen expanding 3.1% this year, 3.2% in 2025 ‘Soft landing’ is likely, but risks remain from war, inflation By Eric Martin 01/30/2024 05:00:03 [BN] (Bloomberg) — The International Monetary Fundraised its forecast for global growth this year on better-than-expected expansion in the US and fiscal stimulus in China, while warning of risks from wars and inflation. The […]