Cart

0

Banking

“The Fed forecasts lowering rates by another half point before the year is out”

“…The so-called dot plot indicated that 19 FOMC members, both voters and nonvoters, see the benchmark fed funds rate at 4.4% by the end of this year, equivalent to a target range of 4.25% to 4.5%. The Fed’s two remaining… Continue Reading…

Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

Business

“TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts”

“TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications… Revenue in the April-June period of this year came in… Continue Reading…

Stocks

“Roblox shares drop 22% as company cuts annual bookings forecast on muted player spending”

“…Roblox now expects full-year bookings to be between $4 billion and $4.10 billion, down from its earlier forecast of $4.14 billion to $4.28 billion. Its second-quarter bookings forecast of $870 million to $900 million was also below estimates…” https://www.cnbc.com/2024/05/09/roblox-shares-drop-nearly-30percent-as-company-cuts-annual-bookings-forecast-on-muted-player-spending.html

Business, Stocks

“United Airlines jumps 17% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays”

“United Airlines shares surged more than 17% Wednesday to a seven-month high after the carrier forecast second-quarter earnings well ahead of Wall Street estimates despite ongoing delivery delays from Boeing. The airline expects to post earnings of between $3.75 and $4.25… Continue Reading…

Business, Stocks

“Altria adds $2.4 billion to share repurchase kitty, lifts earnings forecast on AB InBev stake sale”

“Altria Group expanded its share buyback program by $2.4 billion and raised its annual profit forecast on Thursday, after the Marlboro maker agreed to sell about 10% of its stake in brewer Anheuser-Busch InBev… The company now expects 2024 adjusted… Continue Reading…

Energy

“U.S. crude prices crack $81 as oil supply deficit forecast for 2024”

“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose $1.54 ,… Continue Reading…

Stocks

“Lyft shares jump over 35%, retaining some gains after forecast error” [Feb 14]

“Lyft shares closed up over 35% on Wednesday, retaining some gains after the company said it made a major error in a press release reporting its latest results, but still outperformed analyst estimates… Lyft stock initially shot up more than 60%… Continue Reading…

Economy

“Brazil Inflation Ends 2023 Above Forecasts But Within Target”

“Official data released Thursday showed consumer prices rose 4.62% in December from a year earlier, above the 4.55% median estimate in a Bloomberg survey. Monthly inflation accelerated to 0.56%. The central bank targets inflation at 3% this year and 3.25%… Continue Reading…

Business

“Johnson & Johnson forecasts as much as 6% sales growth in 2024”

“Johnson & Johnson on Tuesday forecast revenue growth of 5% to 6% for the next year, as it banks on strong demand for cancer treatments Darzalex and Carvykti and resilient sales of blockbuster drug Stelara… The company expects full-year adjusted operational… Continue Reading…