Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money
PUBLISHED TUE, MAY 24 20221:43 PM EDT UPDATED 6 HOURS AGO Hugh Son Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC U.S. consumers are “in good shape” and will keep spending at an elevated clip, at least in the near term, […]
No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels
CNBC FAST MONEY PUBLISHED TUE, MAY 24 20226:51 PM EDT Stephanie Landsman While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy […]
America Inc. is not worried about inflation
America Inc. Isn’t Worrying Tuesday, April 26, 2022 04:34 AM By Simon Kennedy (Bloomberg) — Hello. Today we look at what the U.S. corporate-earnings season is telegraphing about recession risks, how China’s latest lockdowns may translate into some of the biggest global supply lockdowns yet and who got hit hardest in the pandemic job market. Still […]
Consumer confidence rises despite higher prices.
Consumer confidence in the United States rebounded from historic lows this month and retail sales edged up in tentative signs that the world’s largest economy is beginning to recover from the impact of a Russia-induced oil price shock. A monthly measure of consumer confidence from the University of Michigan recovered in April after falling to […]
U.S. Consumers Shrug Off High Inflation, Lean On Savings To Boost Spending
By Lucia Mutikani 04/29/22 AT 8:49 AM U.S. consumer spending rose more than expected in March amid strong demand for services, while monthly inflation surged by the most in 16-1/2 years, giving the Federal Reserve ammunition to hike interest rates by a hefty 50 basis points next week. The case for an aggressive monetary policy […]
Retail investors are continuing to buy the dip in tech despite recent turmoil, says TD Ameritrade
PUBLISHED WED, MAY 11 20229:31 PM EDT Eustance Huang @EUSTANCEHUANG Retail investors continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. The world’s largest tech firms recently shed more than $1 trillion in value over three trading sessions. Investors appear […]
US WEEK AHEAD: Resilient Spending Takes On Souring Sentiment
Monday, May 23, 2022 06:01 AM By Anna Wong (Economist), Yelena Shulyatyeva (Economist), Andrew Husby (Economist) and Eliza Winger (Economist) (Bloomberg Economics) — Doom-and-gloom talk prevailed as stock markets plunged last week. The pessimism seems to be driven by fears the days of booming corporate profits are over as consumers ease up on spending. Adding to that, FOMC participants’ hawkish […]
JPMorgan Says Stocks Can Recover on $250 Billion Rebalance Flow
Monday, May 23, 2022 07:06 AM By Denitsa Tsekova Big funds to boost equities to bring allocations back in line Optimistic scenario seen driving stocks away from bear market (Bloomberg) — The world’s biggest money managers look poised to revive wilting stocks with $250 billion of investments that could spark buying by quant-momentum traders — adding […]
Dimon Says ‘Storm Clouds’ Over the US Economy May Dissipate
Monday, May 23, 2022 06:45 AM By Hannah Levitt Recession is possible, but would be unlike others, CEO says JPMorgan raises estimate for NII as investor day kicks off (Bloomberg) — Jamie Dimon said the U.S. economy remains strong, and potential obstacles to growth are not set in stone. “Strong economy, big storm clouds,” the JPMorgan Chase & […]