Shoppers in San Francisco on December 21, 2022. David Paul Morris | Bloomberg | Getty Images Month of high inflation have weighed heavy on households. In December, 64% of Americans were living paycheck to paycheck, according to a recent LendingClub Report – compared to 61% a year earlier and in line with the first historic … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
Colorful cafe bars in the iconic music and entertainment district of Beale Street in downtown Memphis, Tennessee. benedict | iStock | Getty Images Despite sharp increases in rental prices, competition is easing in some U.S. markets as inventory rises, according to a new report of national real estate brokerage HouseCanary. At the end of 2022, … Read more
By most indicators, the US economy is doing well. Although the first half of 2022 started with negative growth, a strong labor market and a resilient consumer helped turn the tide and provide hope for the year ahead. investment related news Gross domestic productwhich tracks the overall health of the economy, grew more than expected … Read more
The January market rally faces a major test in the coming week due to several major events, the most important of which could be the interest rate announcement and the Federal Reserve press conference. The Fed meeting on Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S&P … Read more
Singapore house prices rose less in the last quarter of 2022 Private residential property prices in Singapore increased by 0.4% in the last quarter of 2022, according to a statement from the Urban Redevelopment Authority. The reading showed house prices rose less than the 3.8% increase in the prior period and the slowest growth since … Read more
A woman buys chicken at a supermarket in Santa Monica, California on September 13, 2022. Apu Gomes | AFP | Getty Images For those who fear a recession, the only question is when. Many economists and CEOs, in fact, expect a recession maybe on the horizon this year investment related news A recession is traditionally … Read more
Hyundai posts bumper fourth-quarter earnings hyundai motorcyclerecorded a net income of 1,710 trillion won ($1.4 billion) for the fourth quarter ending in December, marking a year-on-year increase of 143.8%. Despite the strong results, the reading was still shy of Refinitiv’s forecast of 2.5 trillion won in net profit. The figure also marks a growth of … Read more
Economic growth is expected to have slowed slightly in the fourth quarter, but remained solid, driven by strong consumption. Economists will carefully study Thursday’s U.S. gross domestic product report for signs of real consumer strength or weakness at the end of 2022. Retail sales suggest spending fell sharply at the end of 2022. the year. … Read more