Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
Tag: Machinery
Jobless claims show no spike in layoffs
The numbers: Initial jobless claims fell by a seasonally adjusted 1,000 to 205,000 in the week ended Jan. 7, the Labor Department said Thursday. Economists polled by The Wall Street Read more
18 stock picks in a ‘Goldilocks’ scenario for U.S. consumers
It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
ISM shows weakness in U.S. factory activity spreading in December
The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more
ISM shows weakness in factory activity spreading in December
The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more
Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
It has taken just one day for Tesla Inc.’s stock to erase the entire bounce it enjoyed over the last three days trading sessions of 2022, as disappointing deliveries data Read more
One-third of world economy expected to be in recession in 2023, says IMF chief
This year is going to be tougher on the global economy than 2022, the International Monetary Fund’s chief, Kristalina Georgieva, has warned. “Why? Because the three big economies, U.S., EU, Read more
These 20 stocks were the biggest winners of 2022
Even during a year in which the S&P 500 index has declined 19%, with 70% of its stocks in the red, there are plenty of winners. Before showing you the Read more
Dow up 300 points as jobless claims data deemed ‘welcome news for the Fed’
U.S. stocks bounced back in early trading on Thursday, after the Nasdaq nearly hit a 30-month low a day earlier, as the market looked set to erase some of its Read more
U.S. jobless claims move higher in latest week
The numbers: Initial jobless claims rose by 9,000 to 225,000 in the week ended December 24 , the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal Read more