Reade Pickert BloombergFebruary 3, 2023 ISM index rebounds with six-point gain in January to 55.2 Orders measure matches highest since beginning of 2022 A gauge of US services snapped back in January after an end-of-2022 slump, suggesting a consumer demand resurgence that leans against concerns of an imminent economic slowdown. The Institute for Supply Management’s non-manufacturing
Molly Smith BloombergFebruary 1, 2023 December increase in vacancies led by leisure and hospitality Ratio of openings to unemployed climbed to near-record 1.9 Vacancies at US employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation.
Hakyung Kim CNBCJanuary 31, 2023 Employees inspect facilities at the Qingdong-5 offshore oil production platform, an artificial island, of Sinopec Shengli Oilfield on Jan. 16, 2023 in Dongying, China. CFRA chief investment strategist Sam Stovall calls energy stocks a continued smart play in what he thinks will also prove a bullish year for the broader
Cameron Crise BloombergJanuary 24, 2023 You can almost see investors getting sucked into a vortex of bullishness and FOMO as stock prices around the world continue to rise. OK, there is the odd corrective day every now and again, but the rapid rally combined with some more favorable economic data in the likes of Europe
Augusta Saraiva BloombergJanuary 24, 2023 S&P Global composite measure at 46.6 in January after 45 Composite prices paid gauge firms for first time since May US business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures. The S&P
Thursday, December 29, 2022 09:00 PMSource: Bloomberg by Jan-Patrick Barnert Recession, rate hikes risk spurring earnings slowdown in 2023 - Question marks remain over how Big Tech and China will fare. More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record
Tuesday, January 10, 2023 12:00 AMSource: Bloomberg by Eva Szalay Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak of US rates, just like a year ago. The stakes are immense after (During 2022) Wall Street almost unanimously
Asia Martin Business InsiderDecember 22, 2022 A study from Amazon economists estimates a 30% chance of a US recession in the next six months. Most other forecasts are doom and gloom, with some predicting a 100% recession chance in 2023. If there is a recession, Amazon is banking on a few factors to avoid much
Matthew Boesler BloombergDecember 16, 2022 ‘Extremely strong December numbers’ implicit in new projection Officials may not have updated numbers after Tuesday CPI data The Federal Reserve’s updated economic projections this week appeared to incorporate an assumption that raised eyebrows: inflation would prove resurgent at the end of this year. The quarterly projections showed Fed officials
Jesse Pound CNBCDecember 15, 2022 The Federal Reserve is going too far in its fight against inflation and will be under pressure to reverse course next year, according to Wharton School of Business professor Jeremy Siegel. But Siegel pointed out that the Fed had repeatedly changed its forecast over the course of this year and