video Housing market ‘devastated’ by aggressive Fed policy, analyst says Wharton School professor Jeremy Siegel warns surging interest rates could cause housing prices to fall up to 15% on ‘Cavuto: Coast to Coast.’ U.S. existing home sales slowed for the eighth straight month in September as rising mortgage rates, surging inflation and steep home prices continued to push prospective buyers […]
Read morevideo Expect resolution to ‘global inflation crisis’ in 2023: Jack McIntyre Brandywine Global portfolio manager Jack McIntyre provides his thesis on sovereign debt on ‘The Claman Countdown.’ The chief executive officer for Nestle, Mark Schneider, predicted inflation will continue to be a problem for consumers as the economy moves into 2023. "This is a situation no one wished for," Schneider […]
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Reflecting worries about rising interest rates, building material bottlenecks and elevated home prices, the National Association of Home Builders released a report on Tuesday showing a continued deterioration in U.S. homebuilder confidence in the month of October. The report showed the NAHB/Wells Fargo Housing Market Index slumped to 38 in October from 46 in September. Economist had expected the index […]
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Johnson & Johnson (JNJ) reported that its third quarter adjusted EPS decreased 1.9% to $2.55. Analysts on average had expected the company to earn $2.48 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items. Looking forward, the company increased fiscal 2022 adjusted operational EPS performance offsetting continued unfavorable currency impacts. Adjusted operational EPS is […]
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Massachusetts will start sending the proposed tax rebate starting next month. To qualify for the tax rebate, residents must have filed their taxes by October 17, i.e., today. Also, the state has come up with an estimator to help residents calculate the Massachusetts tax rebate amount. Massachusetts Tax Rebate: What It Is And Who Will Get It? Last month, Gov. […]
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Consumer prices in the U.S. increased by more than expected in the month of September, according to a highly anticipated report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected consumer prices to edge up by 0.2 […]
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Beyond Meat, Inc. (BYND), a producer of plant-based meat substitutes, said on Friday that it has slashed its revenue forecast for the full-year, amidst current demand, inflationary trends. The updated revenue guidance comes in below analysts’ expectations. It also decided to cut 19 percent of global workforce as part of its efforts to reduce expenses. For the fiscal 2022, the […]
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The Bank of England has stepped up measures to calm the bond markets again and the bank repeatedly cautioned about a material risk to the financial stability. In a statement released Tuesday, the BoE said it will widen the scope of daily gilt purchase operations to mitigate the dysfunction in the market. The bank decided to include the index-linked gilts […]
Read morevideo For the IMF to say the worst is yet to come is very sobering for us: Mohamed El-Erian Former Obama Global Development Council chair Mohamed A El-Erian provides insight on the state of the world economy on ‘The Story with Martha MacCallum.’ Allianz chief economic advisor Mohamed El-Erian sounded the alarm on the state of the global economy, telling […]
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