Warren Buffett’s Favorite Valuation Indicator Flashes Buy Signal
Summary by Bloomberg AI The “Buffett Indicator” measures the ratio of the US stock market’s total value to the dollar value of US gross domestic product and is currently at its lowest level since early September. The indicator is now at 180%, around where it stood after a brief selloff last year, and is signaling […]
China Hints at Possible Thaw With US in Weighing Trade Talks
Summary by Bloomberg AI China’s Commerce Ministry says it is evaluating the possibility of trade talks with the US, following senior US officials’ expressions of willingness to talk about tariffs. The ministry urges the US to show “sincerity” towards China, and Beijing has quietly started exempting around $40 billion worth of US goods from tariffs, […]
Employers Added 177,000 Jobs in April Despite Tariff Uncertainty – The Wall Street Journal
Hiring slowed slightly from March’s pace, while the unemployment rate held at 4.2% By Chao Deng and Justin Lahart May 2, 2025 The Wall Street Journal The U.S. labor market steadily added jobs last month despite jolting tariff announcements that many economists expect will give way to a trade policy-induced slowdown later this year. The […]
US INSIGHT: Three Big Takeaways From the US Economy This Week
Summary by Bloomberg AI First-quarter GDP shrank 0.3% due to a surge in imports, but domestic demand was strong, with final sales to domestic purchasers up 2.3%. The ISM Manufacturing PMI was better than expected, but supplier deliveries slowed, prices accelerated, and export orders were down. April’s jobs report was strong, with 177k payrolls, a […]
Microsoft shares jump on earnings, revenue beat as Azure cloud business grows 33%
Jordan Novet April 30th, 2025 CNBC • Microsoft delivered better-than-expected results on the top and bottom lines. • The company’s Azure cloud business exceeded analysts’ estimates. • Wall Street will be focused on the company’s upcoming earnings call for a sense of how President Trump’s tariffs are impacting the business. Microsoft shares rose more than 6% […]
Meta shares rise on stronger-than-expected revenue for the quarter
Jonathan Vanian April 30th, 2025 CNBC Meta shares rose more than 5% after the company reported stronger-than-expected revenue in the first quarter. The company said that second quarter sales will be in range of $42.5 billion to $45.5 billion. Analysts were expecting $44.03 billion. Meta increased its 2025 capital expenditures to come in between the […]
Tax Collections Remain Strong in 2025 Despite IRS Concerns
Penn Wharton Budget Model April 30th, 2025 Key Points Recent media reports suggested that tax receipts could fall as much as 10 percent this year, creating a shortfall of more than $500 billion. However, through April 28, individual income and payroll tax receipts are $120 billion higher than last year and statistically in line with projections made […]
Visa Earnings Top Estimates as Spending on Network Stays Strong
Summary by Bloomberg AI Visa’s fiscal second-quarter earnings beat analysts’ estimates, with net income rising 6% to $5.44 billion and adjusted earnings per share totaling $2.76. Consumer spending remained resilient despite macroeconomic uncertainty, with payments volume reaching $3.34 trillion, although less than expected. Visa maintained its guidance for earnings per share to grow by a […]
IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing
Ashley Capoot April 28th, 2025 CNBC • IBM announced a $150 billion investment in the U.S. over the next five years. • The funds include $30 billion to advance American manufacturing of its mainframe and quantum computers. • The company announced the z17 artificial intelligence mainframe earlier this month. International Business Machines Corporation on Monday […]
Alphabet adds nearly 2% as search, advertising units show resilient growth
Samantha Subin April 25th, 2025 CNBC Alphabet shares rose after the company topped Wall Street estimates and showed growth in its advertising and search business. The company suggested that it’s too soon to tally the impact of Trump’s tariffs, but the ending of the de minimis loophole could create a “slight headwind” to its advertising […]