Starbucks hikes long-term financial forecast as it unveils reinvention plan
PUBLISHED TUE, SEP 13 202211:43 AM Source: CNBC by Amelia Lucas Outgoing Starbucks CEO Howard Schultz said the coffee giant is projecting double-digit growth for revenue and earnings per share as it implements a strategy to reinvent its business. The company’s previous long-term forecast projected adjusted earnings per share growth of 10% to 12%, revenue […]
Big Tech Remains a Favorite Among Retail Investors: Vanda
Source: Bloomberg by Ryan Vlastelica Wednesday, July 6, 2022 10:06 AM Major US technology and internet stocks have been pressured throughout 2022, but the group continues to be a popular choice among retail investors, according to Vanda Research. Vanda names Advanced Micro Devices, Nvidia, and the FAANGMT group — a reference to Facebook-parent Meta Platform, Apple, […]
Top Wall Street strategists see the stock market recouping most of its losses into the year-end
PUBLISHED MON, JUL 4 20228:17 AM Source: CNBC by Yun Li After a brutal first half, strategists from major Wall Street firms see stocks regaining most of the ground they lost into the year-end. The S&P 500 is expected to finish the year around 4,627, more than 20% higher from Friday’s level, according to the average year-end […]
Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money
PUBLISHED TUE, MAY 24 20221:43 PM EDT UPDATED 6 HOURS AGO Hugh Son Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC U.S. consumers are “in good shape” and will keep spending at an elevated clip, at least in the near term, […]
Williams Says Unemployment Rate May Rise as Fed Fights Inflation
Tuesday, May 10, 2022 06:36 AM By Matthew Boesler and Alexander Weber New York Fed chief speaks at economics conference in Germany Sees inflation cooling to nearly 4% in 2022, 2.5% in 2023 (Bloomberg) — The US central bank’s interest-rate increases may lead to somewhat higher unemployment as it attempts to bring about a “soft landing” while tackling […]
2018: The key reasons behind the stock market’s ugly October fall
Published: Oct. 29, 2018 at 8:10 a.m. ET By Mark DeCambre The Dow has lost around 2,140 points, or 8%, since its Oct. 3 2018 all-time high, as of Friday’s close Markets are falling fast. But why? A few short weeks ago the Dow industrials were on the verge of busting through another psychological milestone […]
Cloud computing is a bright spot for tech as the economy grapples with war and inflation
PUBLISHED FRI, APR 29 202212:05 PM EDT By Jordan Novet on cnbc.com Central banks lifted interest rates to tamp down inflation in the first quarter, and a hot war broke out in Europe. Those shifts have been weakening demand across some parts of the economy. But several of world’s largest technology companies have a business buffer against […]
Amazon touts record post-Thanksgiving sales amid lackluster Black Friday, Cyber Monday for retailers
PUBLISHED TUE, NOV 30 20211:13 PM EST Annie Palmer@ANNIERPALMER Amazon said it rang up record-breaking sales between Black Friday and Cyber Monday. Meanwhile, U.S. shoppers spent $10.7 billion on Cyber Monday, according to data from Adobe Analytics, marking a 1.4% decline from year-ago levels. Popular purchases on Amazon included Apple AirPods, Fire TV sticks and […]
U.S. Rates October Scorecard and Model Update
(Bloomberg Intelligence) — The 10-year Treasury yield may approach but not breach 2%, as our end-2022 scenario sees a rate just above 1.9%. We look for near-term curve steepening, then flattening in 2022 as the front end prices for 2023 rate hikes. (10/01/21) 1. A Steeper Yield Curve Now, Flatter LaterReturn to Top Treasury Yields: Our […]
‘This bond market is so radically oversold,’ economist David Rosenberg says
Economist David Rosenberg says he made a career by not following the herd, and his bond forecast could be considered the latest example. According to the Rosenberg Research president, this year’s rate yield shock surrounding the benchmark 10-year Treasury Note is temporary. “This bond market is so radically oversold,” Rosenberg told CNBC’s “Trading Nation” on Friday. […]