U.S. core capital goods orders, shipments rise strongly in August
New orders and shipments of key U.S.-made capital goods increased solidly in August amid strong demand for computers and electronic products, keeping business spending on equipment on track for another quarter of robust growth. The sustained strength in business investment is expected to limit the hit on economic growth from an anticipated slowdown in consumer […]
Retail sales post surprise gain as consumers show strength despite delta fears
Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. A separate economic report showed that weekly jobless claims increased to 332,000 […]
West shouldn’t misinterpret or overstate Beijing’s new tech regulations, ex-Google China exec says
The former president of Google China warned that the West should be careful not to overstate or misinterpret the recently introduced regulations by Beijing that have hurt the likes of Alibaba, Tencent and Didi. Kai-Fu Lee, who now invests in Chinese start-ups through his venture capital firm Sinovation Ventures, told CNBC Tuesday that China is merely regulating a handful of large […]
UBS hikes its year-end S&P 500 target, says any pullback will lead to a new high by year-end
PUBLISHED WED, SEP 8 20217:02 AM EDTUPDATED 9 MIN AGO Jesse Pound@JESSERPOUND A Wall Street sign is pictured at the New York Stock exchange (NYSE) in New York, March 9, 2020. Carlo Allegri | Reuters The stock market still has upside after a dramatic bounce-back from 2020′s pandemic sell-off and double-digit gains this year, according […]
Goldman cuts GDP forecast on delta variant setback, fading fiscal stimulus
PUBLISHED TUE, SEP 7 20216:22 AM EDTUPDATED 4 HOURS AGO Jesse Pound@JESSERPOUND Food is served at an outdoor restaurant in New York, August 3, 2021. Caitlin Ochs | Reuters Economists at Goldman Sachs have downgraded their outlook for U.S. economic growth, saying in a note to clients that the impact from the delta variant of […]
Foxconn aims for 10% of electric car platform market by 2025
TAIPEI — Key Apple supplier Foxconn Technology Group is aiming to control up to 10% of the global market for electric vehicle platforms by 2025 as it seeks new growth drivers to offset the long slowdown in the smartphone industry. Foxconn, formally known as Hon Hai Precision Industry, unveiled its first open platform for electric […]
The rumored Apple Watch features hint at the tech giant’s bigger plans to make the wearable and indispensable healthcare device.
The Apple Watch may eventually have features like blood pressure monitoring and a thermometer. A new version is expected in September, when Apple typically debuts new products. The company may face delays in the technology as they continue to develop healthcare wearables. Ahead of Apple’s expected 2021 keynote event, rumors are circulating on features the […]
Apple could sell 1.5 million electric cars by 2030, Bernstein speculates
PUBLISHED TUE, AUG 31 202111:07 AM EDTUPDATED 34 MIN AGO Hannah Miao@HANNAHMIAO_ In this article AAPL-0.74 (-0.48%) An Apple logo seen displayed on a smartphone with stock market values in the background. SOPA Images | LightRocket | Getty Images If Apple releases an electric vehicle by 2025, it could sell 1.5 million cars by 2030, investment […]
Three reasons why UBS believes the S&P 500 can rally to 5,000
PUBLISHED TUE, AUG 31 202112:29 PM EDTUPDATED 2 HOURS AGO Jesse Pound@JESSERPOUND In this article UBSG-CH-0.06 (-0.39%) A woman takes a selfie with the ‘Charging Bull’ statue on February 17, 2021 in New York City. Angela Weiss | AFP | Getty Images The S&P 500 is up 20% year to date and on the verge of […]
U.S. INSIGHT: Fed Tapers, Then What? Modeling the Impact
Tuesday, August 24, 2021 03:02 PM By Björn van Roye (Economist) and Tom Orlik (Economist) (Bloomberg Economics) — A roaring U.S. recovery, the highest inflation since 2008 and a historical low for real yields make strange companions. Bloomberg Economics’ analysis suggests that it’s a combination of Federal Reserve asset purchases and continued uncertainty about the outlook that’s depressing […]