Alphabet, Microsoft Spur Hope Big Tech Can Handle Slow Economy
Tuesday, July 26, 2022 05:54 PM By Julia Love Texas Instruments also provides dose of optimism with earnings Three companies kick off busy earnings week for the tech world (Bloomberg) — Alphabet Inc., Microsoft Corp. and Texas Instruments Inc. posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months, reassuring investors who had been fretting that […]
Google Reassures Investors With Ad Sales Showing Resilience
Tuesday, July 26, 2022 03:34 PM By Davey Alba Google search ads weather storm hitting social media ads CFO Porat sees ‘broad-based strength in advertiser spend’ (Bloomberg) — Google parent Alphabet Inc.reported second-quarter revenue that met analysts’ expectations, reflecting the internet giant’s resilience amid slowing growth in advertising. Revenue, excluding payments to distribution partners, was $57.5 billion […]
Stop panicking about inflation, BlackRock CEO tells investors — ‘We’re going to get through this’
PUBLISHED WED, JUL 20 2022 CNBC.com / Mad Money Krystal Hur KEY POINTS The economic headwinds currently roiling the U.S. economy are fixable in the long-run, meaning investors can afford to relax a bit, BlackRock CEO Larry Fink told CNBC’s Jim Cramer on Wednesday. “A really famous person called me up, panicking, ‘what should I […]
JPMorgan’s Kolanovic says a ‘mild recession’ is already priced in and so the worst is behind us
CNBC Pro The stock market has already discounted a modest recession, and that means investors can bet on a rebound, according to a top strategist at JPMorgan. Fears of a recession have steadily grown since the start of summer, and many economists expect a second-consecutive negative GDP reading later this week. However, JPMorgan’s Marko Kolanovic […]
U.S. economy slowing, but recession not inevitable, Yellen says
From Reuters News Reporting by Joel Schectman and David Lawder; Editing by Lisa Shumaker and Leslie Adler July 24, 20224:49 PM PDT Last Updated 18 hours ago WASHINGTON, July 24 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but […]
‘Don’t see it in my numbers’: American Express CEO doubts recession fears
Source: Yahoo Finance by Brian Sozzi A big quarter for American Express (AXP) has CEO Stephen Squeri staying optimistic into the back half of the year. “We’re acquiring spending and we see future travel bookings [strong] so I don’t see it [a recession] in my numbers at all,” Squeri told Yahoo Finance. “It’s really hard for me to get […]
Global manufacturers see chip shortage easing
July 21 Source: Reuters by John Revill and Supantha Mukherjee Hyundai Motor Co (005380.KS), factory robot builder ABB (ABBN.S) and Swedish fridge maker Electrolux (ELUXb.ST) see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components. An increased supply of chips will reduce one burden facing an industry that is also battling […]
Global shipping costs are lowering. Here is why it could mean the economy is bouncing back.
Source: CNBC by Alex Kantrowitz During the pandemic, the cost to ship containers climbed from $2,000 to $20,000. Now, shipping rates are falling, which Kantrowitz says could be an sign of the supply chain correcting itself. In May 2021, a shipping source told me to expect inflation. His cost to ship containers from China to […]
‘What recession?’ Evercore ISI says after bank earnings show consumers are paying their debts
PUBLISHED TUE, JUL 19 202212:43 PM Source: CNBC By Hugh Son The odds of recession may be rising, but consumers haven’t gotten the memo yet. That’s one of the main takeaways from second-quarter reports from the six biggest U.S. banks. While signs of financial stress and the impact of rising interest rates have begun to […]
Taiwan June export orders seen growing for second straight month on tech demand
July 18, 20228:17 PM PDT Source: Reuters TAIPEI, July 19 (Reuters) – Taiwan’s export orders likely grew for a second consecutive month in June after falling for the first time in two years in April, a Reuters poll showed on Tuesday, supported by demand for technology products. The median forecast from a poll of 16 […]