Goldman’s Kostin Doesn’t Want to Be Defensive in This Market
David Kostin, chief U.S. equity strategist at Goldman Sachs, discusses why it is not the time for defensive investing and how the firm is modeling markets and the U.S. economy.
Apple analysts have a long history of misreading weak iPhone demand based on supplier rumors
Quarterly concerns around iPhone demand have become close to routine for Apple — as global smartphone sales slow and upgrade cycles grow longer.
Tariffs are having a negative impact for only about 9 percent of companies, earnings calls show
Tariff concerns remain a key talking point on Wall Street when dissecting the market volatility fit over the past month, but the issue seems to be carrying less heft among corporate executives.
Trade Deficit With China Shows America’s Strength
U.S. companies have localized their operations around the world. Eventually, Chinese firms will, too.
China’s record crude oil imports built on robust fundamentals, temporary boosts
China’s record imports of crude oil in October are without a doubt a bullish outcome, but within the broader pattern of growing demand there were some temporary factors lifting purchases.
Apple was the top-selling mobile phone brand on Alibaba platforms during Singles Day
Apple topped the list of mobile phone vendors with the highest gross merchandise value (GMV), beating Chinese companies like Huawei and Xiaomi.
Third-quarter U.S. profit growth on track to be highest since 2010
U.S. earnings growth for S&P 500 companies in the third quarter is on track to be the highest since 2010, eclipsing the strong results from earlier this year, according to IBES data from Refinitiv.
US Christmas sales predicted to surpass $1 trillion for the first time this year
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer.
US Treasury yields jump after better-than-expected jobs report
U.S. government debt prices ticked lower as investors looked ahead to the release of October nonfarm payrolls data.
US factory orders increase more than expected in September
New orders for U.S.-made goods increased more than expected in September, but softening business spending on equipment suggested the manufacturing sector could be slowing.