during which officials are expected to cut interest rates for the first time since the Covid-19 pandemic began, may exacerbate weakness this September, Yoder said.
Chicago area Decembermanufacturing industryThe purchasing managers' index (PMI) has declined, but remains at a relatively strong level. The report said that in December, the purchasing managers' index of manufacturing in Chicago dropped from 63 in November to 59.1, a drop that exceeded economists' ...
Smaller-than-expected drop in stocks pushes crude, gasoline prices lower.(futures trading on July 24, 1996)Holahan, Elizabeth K
New World Development's (NWD) dollar bonds continued to move lower by 1-3 points. The drop in NWD's bonds comes after a blogger was said to have made several allegations on the company's debt woes, as per SCMP. A spokesperson from NWD came said that the blogger alleged that NWD "had...
As we’ve discussed,the basic 4% ruleis a good guideline in deciding how much income your assets can reasonably be expected to provide over time. If you need every penny of that just to make ends meet, your ability to handle risk drops. If, on the other hand, you are spending 4% ...
She says the decline is to be expected, given that theFederal Reserveis pulling back on stimulus. On Wednesday, the central bank reduced its asset purchasing program by an additional $10 billion per month, and is now contemplating when to raise its target on the key federal funds rate. ...
Having collapsed by a record 10.4% MoM in March, April factory orders were expected to accelerate even lower and it did. However, the 13.0% plunge in April was modestly better than the 13.4% MoM drop expected… but is stillthe worst in American history. ...
Alibaba posted slower-than-expected growth of sales in the quarter ended December 31 2023, or its third fiscal quarter of the fiscal year 2024. Revenue that quarter rose 5% year-over-year (YoY) to RMB260.35 billion (US$36.67 billion), missing Wall Street expectation of RMB262.07 billion. Th...
In that light, investors will be looking forward to a two-day meeting of the U.S. Federal Reserve starting Tuesday, where officials are expected to reduce its monthly bond buying by another $10 billion to $65 billion. Recent signs of a sustained recovery in the world's biggest economy wil...
While more than half of the roughly 137,000 people who've caught the virus worldwide have already recovered, the toll in human lives is staggering. More than 4,700 people have died, including at least 51 people in the U.S. — and it's expected to get much worse before it gets bette...