The White House makes for a haunting image – the perfect dusk on September 30, 2023 in Washington, DC. Samuel Corum’s stunning visual captivates! Moody’s Investors Service on Friday downgraded the ratings outlook on the United States’ government to negative from stable, citing escalating risks to the nation’s fiscal strength. Despite this change, the agency …
Stocks with significant movements during midday trading include Wynn Resorts, whose stock dropped 7.3% due to EBDITAR focus, Diageo, whose shares slid 13.7% after the company made forecasts of a challenging environment, and Illumina, whose stock dropped 13.6% due to a decrease in adjusted earnings guidance. Analysts reported unsteadiness in the market due to concerns …
7 Hours Ago October Sees Decline in China’s Consumer Prices In October, China’s consumer prices decreased, reflecting the ongoing struggle of the world’s second-largest economy with an uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed that the consumer price index slipped 0.2% year-on-year. This decline was greater than the expected 0.1% decline …
5 Hours Ago China’s consumer prices decline in October A decline in China’s consumer prices was reported in October as the country’s economy continued its uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed a 0.2% year-on-year drop in the consumer price index, surpassing the 0.1% decline anticipated by economists surveyed by Reuters. …
New Zealand’s inflation expectations have dropped to a two-year low according to a Reserve Bank of New Zealand survey.The RBNZ’s two-year inflation expectations fell to 2.76% from 2.83%, and annual price increases for a year ahead were expected to cool to 3.60%, down from 4.17%. The survey also highlighted that the central bank’s interest rate …
Business Sentiment in Japan Improves According to Reuters Tankan Survey Japan Business Sentiment Improves as Reuters Tankan Survey Shows Rise in November According to the recent Reuters Tankan survey, there has been an uptick in confidence among large Japanese manufacturers in November. This marked the first time that the index has improved since August, while …
Apple’s (AAPL) stock is positioned for significant growth as investors grasp the iPhone maker’s potential for long-term expansion in China and the positive impact of its upcoming mixed-reality headset. Bank of America recently lauded the “promising” revenue figures from Apple’s business in China. Additionally, Jim Cramer emphasized the highly anticipated launch of Apple’s Vision Pro …
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images The S&P 500 rose on Tuesday, extending its longest winning streak in about two years as Wall Street aimed to build on November’s rally. The S&P added 0.35%, rising for …
Chicago Federal Reserve President Austan Goolsbee suggested a soft landing as the central bank confronts inflation without causing significant harm to the economy. According to Goolsbee, achieving a “golden path” where inflation decreases without triggering a recession is feasible. Last week, the Fed kept interest rates unchanged for the second consecutive time after 11 rate …
Eli Lilly surpasses expectations but lowers profit outlook Eli Lilly reported better-than-expected financial results for the third quarter, driven by strong demand for its diabetes drug Mounjaro. The pharmaceutical company reported earnings of $0.10 per share, surpassing estimates of a loss of $0.13 per share. Revenue also exceeded expectations, coming in at $9.50 billion compared …