4Q 2022 GDP Report Has Troubling Details For Future Growth Expectations getty Earnings season moved into the heart of the schedule last week, with 89 S&P 500 companies reporting. Despite the overall earnings picture deteriorating, the S&P 500 rose by almost 2.5% for the week. The better-than-expected fourth-quarter GDP growth did lift hopes that the…
NEW YORK – During its descent to the Lakehurst airport near New York, the Hindenburg Zeppelin burst … [+] into flames just above its anchoring mast for reasons still unknown on May 6, 2010 in New York. The fire was fed by the hydrogen contained in the machine and as a result, the flames were…
Topline Inflation has begun to ease and economists are weighing the odds of the possibility of a recession in 2023—and while it still seems likely, it’s not nearly the sure bet it seemed just months ago. Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC. Getty Images Key Facts A…
Getty Images Key takeaways According to the NFIB’s Small Business Optimism Index, the outlook of small business owners is down to its lowest in six months, when inflation was at a pandemic-era high. The primary concern of small business owners is inflation, which affects how much they spend on materials. At the same time, profits…
Topline Google parent Alphabet and online retailer Wayfair on Friday became the latest tech stocks to rally after issuing massive layoff announcements to help curb costs ahead of a potential recession—a phenomenon analysts believe will continue throughout the year, boosting market values but possibly pushing millions of people into unemployment—which will give a recession a…
Fed Chair Jerome Powell gives news conference as traders work at NYSE (Photo by Spencer Platt) Getty Images The Federal Reserve’s current interest-rate-raising policy focuses on conquering too-high inflation. Wall Street’s future analysis anticipates the Fed’s success, thereby producing lower, stable inflation and interest rates. Therefore, there is no apparent disagreement between the Fed and…
Bank Earnings Were Almost Uniformly Better Than Expected getty Earnings season kicked off last week with 9 S&P 500 companies reporting and banks and financial companies dominating the total. The S&P 500 soared by almost 2.7% for the week. Consumer inflation (CPI) provided a spark, and bank earnings were generally better than expected. Bank shares…
Jan 14, 2023,03:16pm EST| After a very disappointing 2022, the equity market has begun the new year in much better fashion with all the major averages up at least 3.5% through the first 13 days of January. And as this is being driven by growth stocks and small-caps, which were among the worst performers last…
Jerome Powell, chairman of the US Federal Reserve, speaks during a international symposium on … [+] Central Bank Independence at the Riksbank in Stockholm, Sweden, on Tuesday, Jan. 10, 2023. The conference is being held in honor of Stefan Ingves, who recently ended a 17-year stint as head of Sweden’s central bank. Photographer: Erik Flyg/Bloomberg ©…
The “Twitter Files” have made some shocking revelations about government entities muscling social media companies to de-platform people in the name of preventing so-called misinformation. My colleague Jessica Melugin, Director of the Competitive Enterprise Institute’s Center for Technology and Innovation, decried “the use of government coercion to pressure these companies to make politically-motivated decisions they…