U.S. Retail Sales Jump by Most Since March, Topping Forecasts
Tuesday, November 16, 2021 05:58 AM By Reade Pickert Purchases rose 1.7% in October without adjustment for prices Receipts rose in nearly all categories, including electronics (Bloomberg) — U.S. retail sales rose in October for a third month, signaling households continue to spend even with the fastest inflation in decades. The value of overall retail purchases increased 1.7% […]
Goldman’s 2022 stock market outlook is out, and the firm sees another strong year
PUBLISHED TUE, NOV 16 202110:08 AM ESTUPDATED AN HOUR AGO Jesse Pound@JESSERPOUND People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City. Spencer Platt | Getty Images The stock market rally should continue through 2022 as the economy and government policy continue to normalize from the […]
Profit-Plumped S&P 500 Walks Past CPI Shock With Barely a Bruise
Friday, November 12, 2021 01:07 PM By Katie Greifeld and Vildana Hajric Stock benchmark snaps longest winning streak since August 2020 Companies still able to get consumers to accept higher prices (Bloomberg) — It took the hottest inflation print in three decades to finally halt the S&P 500’s five-week advance. But it was hardly a body blow for a stock […]
Four reasons why Americans can’t buy enough stuff.
Business Insider Americans won’t stop buying stuff. Spending on durable goods has soared over the past 18 months, per a new JP Morgan note. It’s partly because of a new way of life, and in other ways it finally marks a recovery from the Great Recession. Americans just can’t stop shopping. Since the pandemic hit the […]
Equities Climb as Companies Offer Signs of Economic Growth
6:41:22 AM The S&P 500 advanced after key earnings reports showed economic optimism and confidence that supply-chain and cost issues are manageable. President Biden’s unveiled spending plan and a 3Q GDP reading that wasn’t as bad some feared also support stock gains. Automakers rose, with Ford soaring after boosting its profit forecast, restoring its dividend and signaling that the […]
The freak out against potential stagflation ignores one crucial fact: The US economy is booming!!!
Some experts are worried that the US is headed for “stagflation”— an economic mess last seen in the 1970s. Stagflation requires high inflation, high unemployment, and low GDP growth. Since the economy is still booming, the stagflation story makes no sense. Neil Dutta is Head of Economics at Renaissance Macro Research. This is an opinion […]
Retail trade group expects holiday sales to rise by all-time record, despite congested ports
PUBLISHED WED, OCT 27 202110:53 AM EDTUPDATED 3 MIN AGO Melissa Repko@MELISSA_REPKO The National Retail Federation said Wednesday that it expects holiday sales during November and December to rise between 8.5% and 10.5%, which would total $843.4 billion and $859 billion of sales. The retail trade group acknowledged headwinds for retailers, including supply chain disruption and […]
U.S. Consumer Confidence Sees Surprise Jump; Delta Concerns Ease
Tuesday, October 26, 2021 07:14 AM By Olivia Rockeman Index climbs for first time since June to 113.8, board says Plans to buy cars, homes, appliances and vacations rose (Bloomberg) — U.S. consumer confidence rose in October for the first time in four months as concerns around the delta variant eased. The Conference Board’s index advanced to 113.8 […]
Amazon officially enters the race for quantum computing
By Jeanne Whalen (Washington Post) — Amazon is officially entering the race to develop a quantum computer, joining U.S. and Chinese rivals in the quest to harness the properties of the universe’s tiniest particles into computing power far surpassing existing machines. Amazon will base its quantum team at a new center on the campus of […]
Chinese Companies Polluting the World More Than Entire Nations
By Jin Wu and Karoline Kan (Bloomberg) — For the full experience visit: The Chinese Companies Polluting the World More Than Entire Nations The world’s top five polluters were responsible for 60% of global emissions in 2019. China alone generated about the same amount of CO2 as the next four countries combined. And its carbon […]