We continue to expect a mild technical recession in the US, with two consecutive contractions in the second and third quarters. Falling personal consumption is expected to drive this downturn as the full weight of monetary tightening over the past year comes to bear. Manufacturing and fixed invest...
The US economic data for the first three quarters of 2023 presents an impressive picture, especially amid the backdrop of the Federal Reserve's continued interest rate hikes. These measures have seemingly yielded significant policy achievements, with record highs in the stock market, a continuous d...
the market is still divided on the direction of the US economy, and there is no shortage of pessimistic opinions among them. On the one hand, signs of the US economy cooling increased in the fourth quarter of 2023. For example, the average ISM manufacturing PMI ...
Fully 76% of large businesses are using more Apple devices this year, an extensive US enterprise survey says. Accelerating enterprise adoption of Apple devices feels inevitable, with 76% of large businesses now using more Apple devices, and nine in 10 IT professionals praising ...
There has been a marked slowdown in overall climate-tech equity funding across both public and private markets this year. While almost $44 billion were raised in the first two quarters of 2023, the comparable funding this year was down to half of that. ...
Investment in equipment has been slowing. After rising over 10% in 2021 and 4.3% in 2022, equipment investment has been slowing and, in fact, declined in three of the last four quarters (to the third quarter of 2023). Since the pandemic, equipment investment has been dominated by transporta...
Community, commercial, and industrial (CCI) installations bounced back in Q1 after four consecutive quarters of lower-than-average activity. In total, the CCI market installed 203.3 MWh for its second-highest quarter on record and 145% above year-over-year (YoY) numbers. ...
US commercial deposits, representing about half of the total, fell 10 percent between the first quarter of 2022 and the third quarter of 2023, then rose 2 percent over the next three quarters. Over those two periods, retail deposits remained flat, falling 2 percent during the first stretch b...
ByteDance's revenue in the third quarter of 2023 increased by approximately 43% to US$30.9 billion, approximately twice that of Facebook's parent company's Meta platform. In the first three quarters of 2023, ByteDance's revenue increased by 40% year-on-year to US$84.4 billion, operating pr...
LONDON (ICIS)--The US is expected to account for nearly three-quarters of all non-OPEC crude oil supplygrowth in 2023 and comprise almost half of total output increases in the region next year, according toOPEC. Non-OPEC crude supply growth is expected to average 1.8m bbl/day this year,...