Advanced Micro Devices can surge more than 50% as chipmaker increases market share
PUBLISHED THU, SEP 8 20226:32 AM EDT Source: CNBC by Samantha Subin Stifel said there’s more room to run for Advanced Micro Devices even as the chip market faces ongoing supply chain disruptions and pockets of consumer weakness. Analyst Ruben Roy initiated coverage of the chip stock with a buy rating, saying in a note to clients […]
US INSIGHT: Recession Risk Remains at 30% in Next 12 Months
Wednesday, September 7, 2022 05:03 PM Source: Bloomberg by Eliza Winger (Economist) The inversion of the 10-year/2-year yield curve steepened in the past month, while macroeconomic data mostly surprised to the upside, suggesting resilience in the economy’s underlying growth momentum. On net, Bloomberg Economics’ model points to a 30% chance of recession in the next […]
US Services Gauge Rises to Four-Month High on Pickup in Demand
Tuesday, September 6, 2022 10:00 AM Source: Bloomberg By Reade Pickert The US service sector expanded in August at the fastest pace in four months amid a pickup in business activity and new orders, while price pressures continued to ease. The Institute for Supply Management’s services index edged up to 56.9 from 56.7, data showed Tuesday. The […]
Apple’s Car Is Beloved Before It Even Exists
Friday, September 2, 2022 05:15 AM Source: Bloomberg by David Welch If semiconductor shortages, recession risks and the once-a-century shift in propulsion weren’t enough to keep auto executives up at night, here’s one more sleep disruptor: Consumers are keen to buy an Apple car before one even exists. Strategic Vision just released the results of an annual study that this […]
Apple overtakes android to take overtake 50% share of phones used in the US.
Source: Financial Times by Patrick McGee Apple has overtaken Android devices to account for more than half of smartphones used in the US, giving the iPhone maker an edge over its rival as it pushes into sectors including finance and healthcare. The 50 per cent landmark — the iPhone’s highest share since it launched in […]
Wharton professor Jeremy Siegel says most inflation data is coming in below expectations and hawkish Fed is out of step with economic reality
Source: Insider, September 2, 2022 Inflation is improving and the Fed’s hawkish view is at odds with the economy, Jeremy Siegel said. He noted that 26 of 27 inflation indicators have been below expectations in the last month. It could mean the Fed won’t have to raise rates as much as many observers are expecting. […]
The Bottom 50% of Americans Are Building Wealth Even as Inflation Bites
Monday, August 29, 2022 10:40 AM Source: Bloomberg by Paulina Cachero In an eight-minute speech last week that sent stock markets tumbling, Federal Reserve Chair Jerome Powell echoed what he’s said before about the importance of containing surging consumer prices: “The burdens of high inflation fall heaviest on those who are least able to bear them.” Yet data […]
US Companies Added 132,000 Jobs in August, New ADP Data Show
Wednesday, August 31, 2022 05:25 AM Source: Bloomberg by Reade Pickert US companies increased headcount at a relatively sluggish pace in August, according to a revamped private report that suggests hiring is downshifting in an economy buffeted by high inflation and rising interest rates. Businesses’ payrolls rose 132,000 this month after a nearly 270,000 gain in […]
US Consumer Confidence Advances to Highest Level Since May (1)
Tuesday, August 30, 2022 07:08 AM Source: Bloomberg By Olivia Rockeman US consumer confidence rose by more than forecast in August to the highest since May, suggesting that Americans are growing more optimistic about the economy amid falling gas prices. The Conference Board’s index increased to 103.2 from a downwardly revised 95.3 reading in July, the first […]
U.S. labor market defies interest rate hikes as job openings rise high in July
August 30, 202211:31 AM PDT Source: Reuters by Lucia Mutikani U.S. job openings increased in July and data for the prior month was revised sharply higher, pointing to persistently strong demand for labor that is giving the Federal Reserve cover to maintain its aggressive interest rate increases. The Labor Department’s Job Openings and Labor Turnover […]