Taiwan June export orders seen growing for second straight month on tech demand
July 18, 20228:17 PM PDT Source: Reuters TAIPEI, July 19 (Reuters) – Taiwan’s export orders likely grew for a second consecutive month in June after falling for the first time in two years in April, a Reuters poll showed on Tuesday, supported by demand for technology products. The median forecast from a poll of 16 […]
Stifel sees market comeback as economy dodges a recession, Fed slows rate hikes
PUBLISHED MON, JUL 18 20228:06 AM EDT Source: CNBC, by Jesse Pound The stock market is set up for a short-term rebound if fears about an economic downturn start to wane, according to investment firm Stifel. Stifel strategist Barry Bannister said in a note to clients on Monday that he sees the S&P 500 rising to 4,200 […]
US Retail Sales Top Forecast, Keeping Big Fed Rate Hike in Focus
Friday, July 15, 2022 05:41 AM Source: Bloomberg, By Olivia Rockeman US retail sales climbed in June by more than forecast in a broad advance, suggesting resilient consumer spending despite decades-high inflation and raising the prospects of an even larger Federal Reserve interest-rate hike this month. The value of overall retail purchases increased 1%, after an upwardly revised […]
US Long-Term Inflation Expectations Drop to One-Year Low
Friday, July 15, 2022 07:00 AM Source: Bloomberg, By Jordan Yadoo US consumer long-term inflation expectations declined in early July by more than forecast at the same time lower gasoline prices helped boost sentiment. Consumers expect prices will rise at an annual rate of 2.8% over the next five to 10 years, down from June’s 3.1% and […]
US Economy Careens Between Glee and Gloom With Each Data Release
Thursday, July 14, 2022 02:00 AM Source: Bloomberg, By Rich Miller The economy is putting out very mixed vibes. One day there’s an indicator that points toward US recession. The next day, talk of the expansion’s demise is dismissed as exaggerated after another stellar jobs report. “It’s really odd to think of an economy where you […]
Wall Street Chiefs Stare Down Recession Fear With Upbeat Outlook
Thursday, July 14, 2022 10:20 AM By Sridhar Natarajan and Shubham Saharan (Bloomberg) — Wall Street’s two most outspoken CEOs said the US is more than prepared to withstand an economic downturn. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and his Morgan Stanley counterpart, James Gorman, both said Thursday that they aren’t steering their firms toward shelter even as they see a […]
Amazon says more than 300 million items sold during ‘biggest’ Prime Day event
PUBLISHED THU, JUL 14 20229:49 AM Source: CNBC, Annie Palmer Amazon announced that this year’s Prime Day event, which ended Wednesday, was its “biggest” ever. The company said more than 300 million items were purchased worldwide during the two-day discount bonanza, but it did not disclose total sales. Soaring inflation didn’t appear to deter consumers […]
TSMC Sales Soar 44% in Another Sign of Resilient Tech Demand
Thursday, July 7, 2022 11:48 PM Source: Bloomberg: Debby Wu Taiwan Semiconductor Manufacturing Co. reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared. The world’s largest contract chipmaker booked NT$534.1 billion ($17.9 billion) of revenue for the second quarter, according to Bloomberg’s calculations, compared with the average analysts’ estimate of NT$519 […]
US Labor Market Shows No Signs of an Imminent Recession
Thursday, July 7, 2022 03:00 AM Source: Bloomberg, Coner Sen Checking in on the health of the economy used to mean a quick glance at a handful of indicators: unemployment and inflation rates, a couple quarters of gross domestic product growth, housing market sales, maybe the recent performance of the stock market. That approach isn’t as […]
Ned Davis Gets Bullish as Inflation Outlook Cools: Taking Stock
Tuesday, July 5, 2022 05:52 AM Source: Bloomberg, Elena Popina Days after this year’s selloff began, Ned Davis Research scrapped its bullish outlook on US equities. After the worst start to a year in half a century, the firm is bringing it back. A recent pullback in commodity prices could bring inflation down and tame the Federal […]