Cart

0

Business, Economy

“Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024”

“…ASML reported 27.6 billion euros in revenue for 2023, higher than the 21.2 billion euros of the year before. That was a 30% year-on-year rise. Shares of ASML provisionally ended up 9.7%… The Dutch government, following U.S. pressure, introduced curbs in… Continue Reading…

Real Estate

“The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says”

“…The government-sponsored mortgage finance company forecasted total home sales to slump to just 4.8 million this year, marking the slowest sales environment since 2011. That figure will only improve slightly in 2024, with total home sales expected to hit 4.9… Continue Reading…

Economy, Stocks

“The spending slowdown is coming. The stock market should brace for impact.”

“ … Dwindling savings, weak wage gains, and the return of student loan payments mean people have plenty of reason to tighten their belts for the second half of the year — and experts say that could ultimately curb gains in the stock market.… Continue Reading…

Business, Economy

“BlackRock Bucks Bets on Plunging Inflation”

“BlackRock Inc. strategists say traders that have started to bet on a sharp slowdown in inflation are setting themselves up for disappointment. While they acknowledge that prices pressures are ebbing faster than expected, they contest consensus bets that see the… Continue Reading…

Economy

“China Shocks With Rate Cut as Data Show ‘Alarming’ Slowdown”

“China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output and investment all… Continue Reading…

Stocks

“Stocks dip as April sell-off continues, global slowdown fears loom”

“…Fear about a global economic slowdown loomed as Asian stock markets cratered Monday amid concerns about Covid case spikes in China. Oil prices declined and yields retreated on the fears. Wall Street is also bracing for a stacked week of earnings, including reports… Continue Reading…

Economy

“Economic growth rate slows to 2% on a sharp slowdown in consumer spending”

“The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday. Gross domestic… Continue Reading…