US GDP grew 2.9% annualized in Q4, slightly above expectation of 2.8%. The increase in real GDP reflected increases in private inventory investment, consumer spending, federal government spending, state and local government spending, and nonresidential Read more…
So far in the day, we have seen a bit of consolidation against the recent moves. By mid-day in London, US index futures had pulled back from their earlier highs, along with European indices, while Read more…
The British Pound is testing the $1.2400 level this week, above which it failed to consolidate in the middle of last month. The GBPUSD has yet to trade consistently higher since last June. Looking at Read more…
“While macroeconomic and geopolitical uncertainty persists, consumer spending has been remarkably resilient,” said CEO Michael Miebach. Updated at 8:56 am EST Mastercard (MA) – Get Free Report posted modestly stronger-than-expected fourth quarter earnings Thursday while noting Read more…
“We achieved these results while continuing to invest in broadband, our 10G network evolution, Xfinity Mobile, Peacock, and theme parks, and we also took cost actions to further our growth in the future,” said CEO Read more…
Gold price eases from new multi-month high ($1949) in European trading on Thursday, as larger bulls take a breather ahead of release of key US GDP data. The US economy is expected to show growth Read more…
“I am deeply sorry for the impact to our employees and customers,” said Southwest CEO Bob Jordan. Southwest Airlines (LUV) – Get Free Report posted a bigger-than-expected fourth quarter loss Thursday and warned that the impact Read more…
Tokyo CPI expected to rise Inflation has been on the rise in Japan and the trend is expected to continue with the release of Tokyo CPI later today. The headline figure is expected to rise Read more…
IMF said in a statement that “accommodative monetary policy stance remains appropriate” for BoJ. But it warned of the “exceptionally high uncertainty around baseline inflation projections with risks tilted to the upside”. Upside risks include Read more…
“For 2023, we again expect solid growth in our two most important measures of success: revenue and free cash flow,” said CFO Jim Kavanaugh. International Business Machines (IBM ) – Get Free Report shares moved lower Thursday Read more…