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 […]
U.S. WEEK AHEAD: Stagflationary ‘Flavor’ Not Enough to Sway Fed
Friday, October 22, 2021 09:11 AM By Anna Wong (Economist), Andrew Husby (Economist) and Eliza Winger (Economist) (Bloomberg Economics) — Investors will watch next week’s data carefully for any signs of stagflationary tendencies in the U.S. economy. That comes just before an FOMC meeting the following week that will almost certainly result in a formal announcement of a timeline […]
Tom Lee raises S&P 500 target, says market will rally more than 6% in year’s final months
Tom Lee, Fundstrat Global Advisors Scott Mlyn | CNBC The stock market is set up for a solid rally into year-end as Wall Street shakes off a recent rough patch, Fundstrat’s Tom Lee said. Lee, who has gained a following for calling the market bottom in March 2020 and remaining bullish as stocks have risen […]
BlackRock’s Rick Ryder predicts markets rally into year-end, tech sector leads.
BlackRock’s Rick Rieder thinks Wall Street can finish the year on a high note, telling CNBC on Tuesday he sees upside remaining for the stock market. Rieder’s comments on “Halftime Report” came as the S&P 500 traded up about 30 points, or 0.68%, on Tuesday’s session to around 4,516. The broad equity index is up […]
Guggenheim’s Scott Minerd says stocks can rise 10% or more over the next year
Guggenheim’s global chief investment officer Scott Minerd said Monday that the stock market could jump 10% or more over the coming year and the risks from inflation or rising interest rates are limited. Minerd told CNBC’s Brian Sullivan at the Milken Institute Global Conference that stocks were set to make a significant move higher after […]
CNBC: Retail sales unexpectedly rise in September as consumers keep spending
Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems, the Census Bureau reported Friday. Retail sales for the month increased by 0.7%, against the Dow Jones estimate for a decline of 0.2%. Excluding auto-related sales, the number rose 0.8%, better than the 0.5% […]
UBS answers investors’ toughest questions on inflation, China and more
PUBLISHED THU, OCT 7 202110:03 PM EDT Lucy Handley @LUCYHANDLEY A sign of Swiss banking giant UBS is seen at a branch in Zurich on October 26, 2018. Fabrice Coffrini | AFP | Getty Images Analysts at UBS have tackled investors’ “most difficult questions,” seeking to explain a range of subjects including Chinese regulation, inflation […]
Goldman Sachs sees a big 4th quarter with a 9% S&P 500 gain from here
PUBLISHED TUE, OCT 5 202112:25 PM EDTUPDATED AN HOUR AGO Jesse Pound@JESSERPOUND The Charging Bull statue, also known as the Wall St. Bull, is pictured in the financial district in of New York, September 9, 2020. Carlo Allegri | Reuters The recent wobble for the stock market has not changed Goldman Sachs’ expectation for a […]
U.S. Services Gauge Edges Up as Business Activity Strengthens
Tuesday, October 5, 2021 07:24 AM By Reade Pickert ISM gauge advances slightly to 61.9 in September from 61.7 Measures of business activity, backlogs, prices rise (Bloomberg) — U.S. service providers expanded at a faster-than-expected pace in September, supported by a pickup in business activity and durable growth in new orders. The Institute for Supply Management’s non-manufacturing […]
U.S. trade deficit jumps to a record high in August
The U.S. trade deficit raced to a record high in August, boosted by imports as businesses rebuild inventories, the latest sign that economic growth slowed in the third quarter. The trade deficit surged 4.2% to $73.3 billion last month, the highest since the government started tracking the series, the Commerce Department said on Tuesday. Economists […]