September 2024 - Page 123 of 200 -

U.S. Retail Earnings Update: Friday, Sept 13

Sep 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashTo date, 196 of the 199 companies in our Retail/Restaurant Index have reported their EPS results for Q2 2024, representing 99% of the index. Of those companies that have reported their quarterly results, 71% announced profits that beat analysts’ expectations, while 5% delivered on-target results and 24% reported earnings that fell below estimates. The […]

Sam Bankman-Fried appeals fraud conviction, alleges judicial bias

Sep 13, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Sam Bankman-Fried’s appeal criticizes the judge’s conduct during his fraud trial. The appeal argues customers may recover funds, challenging the loss narrative. Share this article Sam Bankman-Fried, the founder of collapsed crypto exchange FTX, has filed an appeal challenging his fraud conviction and 25-year prison sentence, alleging judicial bias and improper limitations on […]

Update: Real Median Household Income For 2023

Sep 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsI’m a little late to this since FRED took its time updating, but the annual report of median household income for the US was released on Tuesday for 2023. This is an important statistic about the well-being of, well, the median American household, so one of my pet peeves is that it is only released […]

A Yield Curve Failure?

Sep 13, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThe US yield curve is considered to be a good leading indicator of US recession, with an inversion of the curve invariably occurring prior to the start of a recession. However, the Wolf Street article posted HERE questions the yield curve’s reliability. The article notes that part of the US yield curve recently ‘uninverted’, which is […]

Over 30,000 Boeing Workers Go On Strike, Stock Tumbles

Sep 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashBoeing Co. (BA) is grappling with its largest labor disruption in over a decade as more than 30,000 workers walked off the job early Friday, bringing production of most aircraft to a standstill. The strike, which began after midnight, follows an overwhelming rejection of a tentative labor agreement by members of the International Association of Machinists […]

A Gap In GM

Sep 13, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayJust about the only silver lining to the insane rally this week has been some “fish that got away” have come back for another opportunity. I was chagrined to not secure a position with General Motors (GM), but this morning it bounced up to its gap, providing me another chance to get in. I have […]

US Q3 GDP Data Still Expected To Post Solid Growth

Sep 13, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsToday’s revised estimate of US economic activity for the upcoming third-quarter GDP report continues to point to a slower-but-still solid growth rate, based on the median nowcast for several estimates compiled by CapitalSpectator.com.The median estimate firmed up to a 2.5% real annualized rate for Q3. That compares with Q3’s previous 2.1% estimate published on Sep. 5.If […]

Back To Basics: Remembering The “Income” In Fixed Income

Sep 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsAs we approach Q4, the fixed-income markets are taking stock of where they’ve been and what is to come. Markets are expecting a highly anticipated shift in monetary policy to take place before the end of the year, which would mark a turning point in one of the most aggressive interest rate hiking cycles […]

The Fed’s Set For A 25bp Cut, But It’s A Close Call

Sep 13, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThe US Fed has made it clear that monetary policy is going to be eased meaningfully from next week onwards. We had favoured a 50bp cut, but the latest job and inflation numbers suggest officials will more likely vote in favour of 25bp. Nonetheless, they will leave the door open to potentially more aggressive […]

Import Prices Drop 0.3 Percent, Export Prices Plunge 0.7 Percent

Sep 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsEconomists did not see this one coming. The consensus for export prices was -0.1 percent. And there was a negative revision to export prices.The BLS Import-Export Price Report put a spotlight on very bad news for exportersImport Prices Key Points The price index for U.S. imports fell 0.3 percent in August, after ticking up 0.1 percent […]