(Bloomberg Intelligence) — With a market accustomed to extreme EPS beats, the focus now turns more toward the recovery’s endurance. Analysts are more confident in the longer-term outlook, as a remarkable 1Q beat drives up growth forecasts, and the 2021 rebound is expected to morph into steady expansion into 2022. Not all is perfect: Long-range […]

Wednesday, May 5, 2021 06:30 AM By Matthew Boesler (Bloomberg) — U.S. inflation is unlikely to get out of control despite the unprecedented government spending that’s been authorized in response to the coronavirus pandemic, Federal Reserve Bank of Chicago President Charles Evanssaid. “I think the risk of this scenario is remote,” Evans said Wednesday in remarks prepared […]

Wednesday, May 5, 2021 07:00 AM By Reade Pickert ISM index unexpectedly retreats as orders, activity cool Firms pay more for materials, delivery times lengthen (Bloomberg) — U.S. service providers expanded in April at the second-fastest pace in data back to 1997, cooling slightly from the prior month as business activity and order growth pulled back […]

(Reuters) – North American companies boosted spending on industrial robots in the first quarter as they scrambled to keep up with surging demand in the wake of the COVID-19 pandemic. Companies ordered 9,098 robots in the first quarter, a 19.6% increase over a year ago, according to the Association for Advancing Automation, an industry group […]

Wednesday, May 5, 2021 03:37 PM By Matthew Boesler, Catarina Saraiva and Craig Torres Vice Chair Clarida says temporary inflation won’t persist Inflation message echoed by Evans, Mester, Rosengren, Bowman (Bloomberg) — U.S. inflation is unlikely to get out of control despite the unprecedented government spending that’s been authorized in response to the coronavirus pandemic, Federal Reserve officials said. […]

Monday, May 3, 2021 10:35 AM By Lu Wang Net margin hits all-time high as companies see pricing power S&P 500 earnings expanding five times as fast as revenue (Bloomberg) — Markets have been obsessed — and sometimes roiled — for months over whether higher inflation is coming. The latest batch of quarterly reports suggests it’s […]

Apple announced on Monday that it plans to open a new campus in the Raleigh, North Carolina area as part of its plan to invest $430 billion in the U.S. over the next five years. CNBC’s Josh Lipton reports.

Sunday, April 25, 2021 02:00 PM By Bloomberg News Early indicators show a pick-up in activity as exports climb Rising commodity prices also pushing up factory inflation (Bloomberg) — China’s economy continued to boom in April from the record growth in the first quarter, with strong exports and rising business confidence supporting the recovery. That’s the outlook […]

The title of a recent article I wrote for CNBC.com was “How Gold Rallied for Years on a ‘Misunderstanding,’ “ but it’s obvious from the comments I received that I did not clear up these misunderstandings. So I’d like to explain in a bit more detail why quantitative easing (QE) is not printing money and why bank […]

PUBLISHED WED, APR 21 20217:47 AM EDTUPDATED 25 MIN AGO Maggie Fitzgerald@MKMFITZGERALD Source: Apple Inc. Morgan Stanley is betting on better-than-expected results for Apple next week, which should spur the stock to outperform amid lackluster gains in 2021. The Wall Street firm’s Apple analyst Katy Huberty — ranked the No. 1 analyst in 2020 by Institutional Investor […]