Augusta Saraiva Bloomberg October 5, 2022 Measures of business activity, orders softer but elevated Index of service provider employment highest in six months Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for
Weizhen Tan CNBC September 26, 2022 Analysts are once again starting to get bullish on Nvidia, after the semiconductor giant lost favor amid geopolitical tensions and a slowdown in the chip sector. Citi and JPMorgan both said last week that solid demand in PC gaming, as well as cloud adoption in data centers, were set
Lucia Mutikani Reuters September 27, 2022 Core capital goods orders increase 1.3% in August Core capital goods shipments rise 0.3% Consumer confidence index increases to 108.0 in September House price growth decelerates in July New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment
Ben Winck Business Insider September 27, 2022 The Fed is pushing the US into a recession to cool inflation. It might not be necessary. Inflation expectations have been falling since the spring, signaling there's little chance of a 1980s-like price surge. Raising rates out of fear that expectations will rebound is "irresponsible," a former Fed
Michelle Fox CNBC September 27, 2022 Tech stocks have been pummeled this year but Apple is acting like a safe haven amid the turbulence, according to tech investor Gene Munster. While the tech-heavy Nasdaq is down 28% for the year and big names like Meta and Netflix have dropped about 60%, Apple is down just 15% year to date. “They are
Matthew Fox Business Insider September 26, 2022 Conditions are forming that suggest a stock market bottom could be near, JPMorgan’s Marko Kolanovic said. Kolanovic said the ongoing sell-off in stocks has been driven by an extremely hawkish Fed. Peaking inflation, extremely depressed investor positioning, and attractive valuations give Kolanovic confidence in his view. The more
PUBLISHED WED, SEP 7 20221:01 AM Source: CNBC by Jennifer Elias Google and Alphabet CEO Sundar Pichai said he wants to make the company 20% more efficient and that could include headcount cuts as it reckons with a slew of economic challenges as well as years of rapid hiring. Speaking at Code Conference in Los Angeles, Pichai
Sep 23, 2022 2:25 PM PDT Source: by Dow Jones by Joseph Adinolfi Now, Siegel says, workers will pay the price Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime market guru and frequent guest on CNBC unleashed a memorable rant on Friday as U.S. stocks plunged.
Wednesday, September 14, 2022 05:38 AM Source: Bloomberg by Reade Pickert A measure of US producer prices fell for a second month in August as fuel costs continued to retreat, though an underlying measure of wholesale costs firmed in a sign of persistent inflation in the production pipeline. The producer price index for final demand decreased 0.1%
September 15, 202210:10 AM PDT Source: Reuters by Lucia Mutikani U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is cooling as the Federal Reserve aggressively raises interest rates to fight inflation. Consumer spending, however, is likely to remain