PUBLISHED TUE, JAN 11 20223:30 PM EST Patti [email protected]/PATTI-DOMM-9224884/@PATTIDOMM The consumer price index is released by the Labor Department Wednesday and is expected to show headline inflation jumped by 7%, its fastest pace since 1982. The Federal Reserve is already on a path to raise interest rates to battle rising prices. A hot number should
PUBLISHED MON, JAN 10 202212:36 PM EST Yun [email protected] Traders work on the floor of the New York Stock Exchange (NYSE) on the first day of trading in the new year on January 03, 2022 in New York City. Spencer Platt | Getty Images Wall Street’s top strategist Marko Kolanovic said the sell-off in the
PUBLISHED TUE, DEC 21 20219:13 AM EST Patti [email protected]/PATTI-DOMM-9224884/@PATTIDOMM Tom Lee, Fundstrat Global Advisors Scott Mlyn | CNBC Fundstrat founder Tom Lee says 2022 could be treacherous for stocks, but he still expects the market to end the year higher. The widely-followed analyst, who was among the first to say buy stocks in March 2020,
Thursday, December 16, 2021 09:37 AM By Lu Wang (Bloomberg) -- The table presents estimates from strategists for where the S&P 500 Index will finish 2022 and how much profit companies will generate. S&P 500 Index 2022 Close 2022 EPS Average 4,950 $231 Median 5,000 $232 High 5,330 $245 Low 4,400 $212 No. of replies 19
PUBLISHED THU, DEC 9 202111:14 AM ESTUPDATED 4 HOURS AGO Maggie [email protected] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters For investors looking for a place to hide while inflation is rampant, Goldman Sachs’ top equity strategist said to
PUBLISHED FRI, DEC 3 202112:28 PM EST Melissa [email protected]_REPKO Holiday sales could best even the rosiest expectations for the major shopping season, according to the National Retail Federation. The major trade group’s economist, Jack Kleinhenz, said Friday that spending in November and December could grow as much as 11.5% compared with the same period a
PUBLISHED TUE, NOV 30 20211:13 PM EST Annie [email protected] Amazon said it rang up record-breaking sales between Black Friday and Cyber Monday. Meanwhile, U.S. shoppers spent $10.7 billion on Cyber Monday, according to data from Adobe Analytics, marking a 1.4% decline from year-ago levels. Popular purchases on Amazon included Apple AirPods, Fire TV sticks and
PUBLISHED TUE, NOV 30 20218:05 AM EST Tanaya [email protected] The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images Though JP Morgan thinks stock market gains be may be more modest next year, the firm still sees upside driven by continued earnings growth, one of its analysts said.
Hannah [email protected]_ The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images U.S. stocks are set for another winning year in 2022, according to BMO Capital Markets. Chief investment strategist Brian Belski set an S&P 500 price target of 5,300 for next year, 12.7% higher than the index’s
Tuesday, November 16, 2021 05:58 AM By Reade Pickert Purchases rose 1.7% in October without adjustment for prices Receipts rose in nearly all categories, including electronics (Bloomberg) -- U.S. retail sales rose in October for a third month, signaling households continue to spend even with the fastest inflation in decades. The value of overall retail purchases increased 1.7%