Inflation Missed Expectations In January. Are We Just Stuck With High Inflation Forever?
Inflation Missed Expectations In January. Are We Just Stuck With High Inflation Forever? Will Kessler on February 14, 2024 The Bureau of Labor Statistics announced on Tuesday that inflation increased at a…
Brazil September trade surplus hits record but misses expectations
BRASILIA (Reuters) – Brazil’s trade surplus reached a historic high for September, but fell slightly short of market estimates, according to government data released on Monday. The trade surplus for the month…
Brazil’s cenbank chief warns inflation expectations may not converge amid fiscal concerns
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Friday that inflation expectations are not aligned with official goals, and signaled they may not be anchored if the government’s…
Brazil’s economic activity at start of third quarter beats expectations
BRASILIA (Reuters) – The Brazilian economy kicked off the third quarter with a stronger-than-expected pace, bolstering recent upward revisions in the country’s GDP growth forecast for 2023. The IBC-Br economic activity index,…
SpaceX’s Starlink falls short of growth expectations despite revenue surge – WSJ
(Reuters) – SpaceX’s satellite internet venture Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by CEO Elon Musk, the Wall…
Pinduoduo-owner PDD beats revenue expectations as promotions lure consumers
By Chavi Mehta and Casey Hall (Reuters) – PDD Holdings beat second-quarter revenue estimates on Tuesday, as its discount e-commerce platform Pinduoduo attracted price-conscious customers in China and its international shopping site,…
NY Fed finds record wage expectations in July consumer survey
By Michael S. Derby NEW YORK (Reuters) – American workers’ expectations for pay surged in July, even as those same workers foresee a modestly less robust job market, said a survey released…
H&R Block shares hit six-month high after profit tops expectations
By Chibuike Oguh NEW YORK (Reuters) – Shares of H&R Block Inc rose nearly 12% to a six-month high on Wednesday after the U.S. tax preparation firm reported better-than-expected fourth-quarter results owing…
NY Fed survey finds broad cooling in inflation expectations
By Michael S. Derby NEW YORK (Reuters) – Americans said last month they expected weaker inflation over the next few years, and they also marked up their own views of their personal…
US consumer sentiment dips in August; inflation expectations improve
WASHINGTON (Reuters) – U.S. consumer sentiment dipped in August, but Americans expected inflation to edge lower over the next year and beyond, a survey showed on Friday. The University of Michigan’s preliminary…
Exclusive-China’s Nanfang to open major copper smelter ahead of expectations
By Julian Luk LONDON (Reuters) – China’s largest private copper producer Nanfang Nonferrous is due to bring a major new smelter to production by October, more than doubling its capacity, a few…
UK firms dial back price and wage growth expectations – BoE
LONDON (Reuters) – The Bank of England said on Thursday that businesses expected slower increases in the prices they charge and the wages they pay to staff, citing the findings of a…
Cummins misses profit expectations on high manufacturing costs
(Reuters) – Engine maker Cummins reported a second-quarter profit on Thursday that missed analysts’ estimates, hurt by high manufacturing costs. The company’s shares fell 3.8% to $252.20 in premarket trading. Increasing production…
Euro zone sentiment and inflation expectations fall in July
BRUSSELS (Reuters) – Euro zone economic sentiment declined for a third consecutive month in July and by more than expected as the mood in industry, services and amongst consumers slipped, while inflation…
Amundi’s quarterly inflows beat expectations on risk-averse products
By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly net inflows on Friday as investors’ appetite for risk-averse products underpinned a 1.9% yearly growth in assets under…
Harley-Davidson CEO says India model pre-orders ‘exceeding expectations’
By Kannaki Deka (Reuters) – Harley-Davidson said on Thursday that pre-orders were “exceeding expectations” for a new model the U.S. big-bike maker launched this month in India in partnership with a local…
Albertsons beats profit, revenue expectations on strong demand for groceries
(Reuters) – Albertsons Companies topped Wall Street expectations for quarterly profit and revenue on Tuesday, on the back of steady demand for groceries and pocket-friendly private label brands. Consumers in the U.S.…
China FX regulator says will use policy measures to stabilise yuan expectations
BEIJING (Reuters) – China’s foreign exchange regulator said on Friday it will comprehensively use policy measures to stabilise market expectations, at a time when the yuan currency faces renewed downside pressure. China’s…
Russian inflation expectations jump to 11.1% with rate decision imminent
MOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households climbed to 11.1% in July from 10.2% in June, the central bank said on Monday, just days before it is…
India’s June trade deficit in line with expectations
By Shivangi Acharya and Riddhima Talwani NEW DELHI (Reuters) -India’s merchandise trade deficit in June was in line with expectations at $20.13 billion, according to a Reuters calculation based on export and…
Japan households’ inflation expectations rise, keep pressure on BOJ
By Leika Kihara TOKYO (Reuters) – Japanese households’ inflation expectations rose in the three months to June, a central bank survey showed on Wednesday, adding to growing signs that conditions for phasing…
NY Fed survey finds waning near-term inflation expectations
By Michael S. Derby (Reuters) – Americans said in June they were expecting the weakest near-term inflation gains in just over two years, while continuing to mark up the expected path of…
U.S. private payrolls beat expectations in June – ADP
WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in June, indicating that the labor market remains strong despite growing risks of a recession from higher interest rates. Private payrolls jumped…
Dollar to stay firm on expectations of resilient US economy: Reuters poll
By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate…
U.S. factory orders miss expectations in May
WASHINGTON(Reuters) – New orders for U.S.-made goods increased less than expected in May as a surge in civilian aircraft orders was partially offset by sluggishness elsewhere amid higher interest rates that are…
US construction spending beats expectations in May on housing
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in May as a severe shortage of houses for sale boosted outlays on single-family homebuilding. The Commerce Department said on Monday that…
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