Stocks in the US lacked direction on the last trading day of Q1, with the S&P 500 hovering around the flatline, the Dow Jones rising about 70 points and the Nasdaq losing 0.2%, as traders digest economic data and mixed comments from Fed officials, ahead of PCE inflation and Chair Powell appearance tomorrow. The latest … Read more
The US gross domestic product (GDP) grew at a 3.4 per cent annualized rate in the fourth quarter (October-December 2023), up from 3.2 per cent estimates a month ago. Higher estimates of consumer spending, exports and business investment supported the economy during the quarter-under-review. ‘’The update primarily reflected upward revisions to consumer spending and non-residential … Read more
The US stock market started 2024 with a blistering rally, sending the Morningstar US Market Index up 7.8% – roughly 26% higher than its October lows. But the relentless pace of gains has some watchers worried about soaring valuations on stock prices and frothy trading. “When prices go up that much, earnings rarely go up the same … Read more
Please indulge me in some taxi-driver reporting (or, in this case, ride-share driver reporting): A few months ago, travelling in a city cheaper than New York, my driver told me that he and his wife had a weekly date night. It was nothing fancy – a sit-down restaurant for a burger and a beer – … Read more
US economic growth was slightly weaker than previously estimated in the fourth quarter last year, according to government data released Wednesday, due mainly to a downward revision to business investment. GDP growth in the world’s biggest economy was revised to an annual rate of 3.2 percent in the final three months of 2023, from an … Read more
In a thought-provoking social media thread on platform X (formerly known as Twitter) on 10 February 2024, Paul Krugman dissected the current economic climate, suggesting that President Biden should openly celebrate recent economic successes. Krugman’s commentary sheds light on the complex interplay between economic data, public perception, and political partisanship. Krugman, an eminent economist and … Read more
The report blew economists’ expectations for job gains out of the water Unemployment rate remained at 3.7%, the 24th straight month below 4% America’s job market remains shockingly strong amid soaring interest rates By Tilly Armstrong Assistant Consumer Editor For Dailymail.Com Updated: 09:42 EST, 2 February 2024 The US economy added 353,000 jobs in January – … Read more
The US economy remained startlingly sound in the fourth quarter to finish out a remarkably great 2023 as individuals and businesses continued to spend freely despite high interest rates and price levels that have annoyed many households. Shoppers and pedestrians on Broadway in the Soho neighborhood of New York, US, on Monday, Jan. 22, 2024. … Read more
Indian stock market: The Indian stock market indices, Sensex and Nifty are expected to open on a positive note Friday following gains in global peers. The Asian markets traded higher, while the US stocks jumped overnight after economic data raised hopes of easing monetary policy and interest rate cuts by the US Federal Reserve. Catch … Read more
Inflation report shows promising signs for US economy Arizona’s Family Source link