Yellen says expects rents, biggest contributor to inflation, to move down this year
MILWAUKEE (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the cost of rental housing – the single largest contributor to inflation – to move lower this year as…
BofA Global Research expects hit to U.S. GDP growth from auto workers’ strike
(Reuters) – BofA Global Research warned a full strike by United Auto Workers (UAW) would likely have an about 0.1 to 0.2 percentage points impact per week on U.S. gross domestic product…
DoubleLine’s Gundlach expects Fed rate cuts in first half of 2024
(Reuters) – DoubleLine Capital CEO Jeff Gundlach expects the U.S. Federal Reserve to cut benchmark rates in the first half of 2024 after an aggressive rate hike cycle over the past year…
Brazil government expects rates to fall by at least 50 bps -minister
BRASILIA (Reuters) – The Brazilian government expects cuts of at least 50 basis points in the central bank’s benchmark interest rate over the remaining three meetings this year, aiming to end 2023…
Wells Fargo CFO expects more layoffs ahead
By Nupur Anand NEW YORK (Reuters) – Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank has…
Tesla suppliers say carmaker expects 2026 or 2027 Mexico production start, Reforma reports
MEXICO CITY (Reuters) – Tesla is eyeing 2026 or 2027 to potentially begin production at a major new factory planned for Mexico, according to a report published in Mexican daily Reforma on…
Pentagon expects to release its annual China report in mid-October
WASHINGTON (Reuters) – The Pentagon expects to release its closely-watched annual report on China’s military modernization and defense strategy in mid-October, although the timing could shift, a senior U.S. defense official said…
Opel expects to offer electric vehicle for around 25,000 euros by 2026
MUNICH (Reuters) – Stellantis-owned carmaker Opel will be able to offer an electric vehicle at a price of about 25,000 euros ($26,967) without incentives from around 2026, the brand’s CEO said on Monday.…
Bosch expects sales in core mobility division to grow 10% in 2023
FRANKFURT (Reuters) – Bosch, the world’s top automotive supplier, expects sales at its mobility business division to grow by 10% this year, the group said at the IAA Munich car show, adding…
BMW expects higher China sales in 2023, finance chief says
By Christina Amann MUNICH (Reuters) – BMW expects to sell more cars in China this year despite a local price war in the electric vehicle (EV) segment, and muted demand overall, the…
Russian finance minister expects 2023 GDP to grow by 2.5% or more – agencies
MOSCOW (Reuters) – Russia’s economy is set to grow by 2.5% or more in 2023, while inflation is expected to be around 6%, Finance Minister Anton Siluanov was quoted on Saturday as…
As CDC Expects Surge in NJ COVID-19 Cases, New Jerseyans Fear Murphy Reaction
TRENTON, NJ – The Centers for Disease Control has announced a grim forecast. COVID-19 could surge again this fall, and in New Jersey, residents are beginning to wonder if, and when Governor…
J.P.Morgan now expects ECB to pause, not raise, rates in September
(Reuters) – J.P.Morgan said on Wednesday it now expects the European Central Bank to pause its tightening cycle in September as euro zone business activity contracted much more than expected, pointing to…
Stifel’s Bannister expects little change for S&P 500 through year end
By Lewis Krauskopf NEW YORK (Reuters) – After a “relief rally” in the first half of 2023, the S&P 500 is set to remain largely flat through the end of the year…
JPMorgan raises US economic growth estimate, no longer expects 2023 recession
(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth estimate as the economy expands at a…
Zelenskiy expects Russia to resume attacks on Ukraine’s power grid
KYIV (Reuters) – President Volodymyr Zelenskiy said on Sunday that he expects Russia to resume its attacks on Ukraine’s energy system once cold weather returns later this year, and vowed to do…
Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to “at least” 12% by year-end, emphasizing ample scope for monetary easing. The…
Australia expects unemployment rate to rise as global economy slows
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on the back of higher interest rates and…
IMF’s Georgieva expects global growth around 3% for next five years
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well below historical averages of…
Deutsche Bank expects 50-bps Bank of England August rate hike
LONDON (Reuters) – Deutsche Bank said on Tuesday it now expects the Bank of England to raise interest rates by half a percentage point at its August meeting. Data released earlier in…
Delta Air expects full-year profit at higher end of forecast
(Reuters) – Delta Air Lines said on Tuesday it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand. The company earlier said it expects to…
Surf Air Mobility expects NYSE debut on July 11
(Reuters) – Electric aviation and regional air travel company Surf Air Mobility said on Thursday it expects the company’s shares to start trading on July 11, setting the stage for the first…
Powell says he expects dollar to remain global reserve currency
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic institutions and the rule of law remain…
Wells Fargo CFO expects upside in net interest income
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank had earlier issued guidance for…
JPMorgan expects Turkey central bank to lift rates to 25% on June 22
LONDON (Reuters) – JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come with forward…
Morgan Stanley expects trading, investment banking results to weaken
NEW YORK (Reuters) – Morgan Stanley expects to its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Saperstein told investors…
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