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January 8, 2024
(Bloomberg) -- Investors anticipating blockbuster profits in 2024 will be disappointed, according to Bloomberg’s latest Markets Live Pulse survey.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderBoeing 737 Max Blowout Points to Pervasive FlawsThe consensus estimate of sell-side analysts is that S&P 500 earnings this year will reach historic levels, but those forecasts are too high, acco...
December 25, 2023
THE GIFT OF TIME: Under a federal law that went into effect in 2010, a gift card can’t expire for five years from the time it was purchased or from
November 30, 2023
Treasury Secretary Janet Yellen said she sees a good chance of the US economy achieving a soft landing, with the unemployment rate — which has ticked up in recent months — averting a sharp increase
November 26, 2023
US consumer behaviour has been confounding economic forecasters all of this year by moving out of step with inflation and interest rates. Macroeconomic data, too, is sending mixed signals on how far the US is from a recession. Chances are Black Friday sales figures will do little to shed clarity.
October 26, 2023
AUD/USD falls to lowest level since October 2022 US GDP expected to jump to 4.3% The Australian dollar has pared losses from earlier today. In the Europea
October 22, 2023
Economic uncertainty hits US car owners, impacting consumer spending and triggering repossession concerns. Factors like dwindling tax returns, job market volatility, and inflation contribute to this surge, making it harder for low-income workers to afford reliable transportation.
October 19, 2023
Surging bond yields are raising interest rates on everything from mortgages to personal loans, spelling trouble for resilient consumer spending.
September 29, 2023
US consumer spending increased by 0.4% in August, according to the Commerce Department, with Julys figures revised to show a 0.9% increase. However, underlying inflation remained moderate, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. Gasoline prices surged in August, leading to a 0.4% rise in the personal consumption expenditures price index.
September 26, 2023
Soaring gas prices, resuming student loan payments, and unaffordable housing costs are reasons why some Americans have exhausted excess savings.
July 24, 2023
A sharp slide in Americans' personal savings is threatening to hurt consumer spending, which has so far helped the US economy hold up in the face of recession warnings.