U.S. Economy

U.S. Economy and Macro Week Ahead: Key Events No-one should Miss

It starts in the week ahead with the central bank's annual conclave in Jackson Hole, Wyoming, continues in the first week of September with a seemingly make-or-break jobs report.

Investing Ideas

SEC Reacts to Court Ruling in Ripple-XRP Case

The U.S. Securities and Exchange Commission has weighed in on Judge Analisa Torres’ ruling in Ripple’s XRP case, highlighting the crypto company’s significant financial penalties and ongoing securities law violations.

U.S. Economy

Weak Jobs Report Shows ‘There’s a Strong Case’ for Fed Rate Cuts before Next Meeting

Wall Street has ramped up forecasts on how much the Federal Reserve will cut interest rates after the disappointing July jobs report raised fears of a recession, and a JPMorgan economist said there’s even an argument to be made for an unscheduled cut.

Investing Ideas

Carnival's Business Has Been Doing Well: Why is Its Stock Still Underperforming?

Carnival (CCL) has been generating strong results in recent quarters, but its stock is still nowhere near its levels before the pandemic, when shares were trading above $50.

U.S. Economy

US Economy Showing Signs of 'Goldilocks' to Start Third Quarter

The U.S. economy continues to show signs of resilient growth while inflation pressures subside.

U.S. Economy

Five of 12 Fed Districts Report Flat or Declining Economic Activity, Beige Book Finds

U.S. economic activity seemed to soften in the past two months, with five of the Federal Reserve’s 12 regions reporting flat or declining activity, a Fed survey released Wednesday found.

U.S. Economy

June U.S. Jobs Report Raises Pressure on Fed for September Rate Cut

The June jobs report sent a clear message to the Federal Reserve — the central bank risks falling behind the curve.

Investing Ideas

Tight Copper Is the New Normal

The world’s copper supplies saw major disruptions last summer, as drought and production delays in top producer Chile hampered output of the material crucial to energy transition.

U.S. Economy

Fed's Favorite Inflation Reading Highlights Last Week of Q2

Friday June 28 will bring investors the May reading on the Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation measure, which should show prices on a "core" basis — which excludes food and energy — rose 0.1% last month

International

OPEC+ Sees No Peak Oil Demand Long Term, Secretary General Says

OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand.

U.S. Economy

Non-Farm Payrolls Mislead: The Labor Market Is Weakening; Inflation Is Falling

The big economic news of the week was the +272K rise in Non-Farm Payrolls (NFP) (released on Friday, June 7).

U.S. Economy

U.S. Corporate Profits Unexpectedly Fell in Q1

Q1 U.S. Corporate Profits (revised) came in at -1.7% QoQ to $3.93 trillion, vs. +3.9% expected and +3.7% in prior quarter.

International

The Fastest Declining Economies in the World in 2024

The global economy is experiencing critical economic challenges as growth is projected to slow to 2.6% in 2024 which is just above the recession threshold of 2.5%.

Investing Ideas

Is It Worth Investing in Alibaba (BABA) Based on Wall Street's Bullish Views?

Alibaba currently has an average brokerage recommendation (ABR) of 1.35, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 17 brokerage firms.