NJ weekend forecast promises ideal beach weather at the Jersey Shore
Atlantic City, NJ – The sun will take center stage this weekend at the Jersey Shore, setting up a stretch of weather made for boardwalk strolls, beach chairs, and ocean dips. Today…
JPMorgan slashes EM corporate debt issuance forecast by a third
By Marc Jones LONDON (Reuters) – Investment bank JPMorgan slashed its forecast for developing world corporate debt issuance by a third on Monday, the latest sign of the economic pressures poorer countries…
Dollarama lifts annual comparable sales forecast on strong demand
(Reuters) – Canada’s Dollarama Inc on Friday raised its full-year same-store sales forecast after topping quarterly revenue estimates, helped by strong demand for its groceries and household essentials as more consumers turn…
Credit Suisse raises UK GDP forecast after energy package
LONDON (Reuters) – Credit Suisse raised its 2023 UK GDP forecast on Friday, predicting that the UK government’s plan to freeze household energy bills for two years will likely lead to a…
Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy
Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy John Hugh DeMastri on September 7, 2022 The Federal Reserve released its Beige Book report on the nation’s economic health on…
Thai headline CPI meets forecast in August, may have peaked
By Kitiphong Thaichareon and Satawasin Sta[censored]charnchai BANGKOK (Reuters) – Thailand’s headline inflation rate in August rose slightly from the previous month to a 14-year high, in line with forecast and reinforcing expectations…
Here’s Your Sunday Jersey Shore Weather Forecast for Labor Day Weekend
Toms River, NJ- Labor Day weekend continues on Sunday. Good morning we’ll start with areas of patchy fog that will break for partly sunny skies for the rest of the day. Travelers…
Colombia August inflation forecast to rise amid food, housing cost pressures: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s inflation is forecast to have shown further upward growth in August, a Reuters poll revealed on Thursday, as consumer prices rose on food and housing…
Brazil’s govt to improve 2022 GDP forecast, says monetary policy won’t devastate economy
BRASILIA (Reuters) – Brazil’s Economy Ministry will improve its forecast for 2022 gross domestic product from the 2% growth seen in July, which is already “dated,” said Rogerio Boueri, head of Economic…
Singapore July manufacturing output up 0.6% y/y, misses forecast
SINGAPORE (Reuters) – Singapore’s industrial output in July grew 0.6% year-on-year, well below forecasts, partly due to a decrease in the output of electronics and biomedical manufacturing, official data showed on Friday.…
UBS ups Greek economy’s 2022 growth forecast on tourism tailwind
ATHENS (Reuters) – Greece’s economy could grow by 5.7% this year from 4.0% previously forecast as the country benefits from a strong rebound in tourism, UBS said in a research report on…
Moldova cuts 2022 economic growth forecast to zero
CHISINAU (Reuters) – The Moldovan government revised its 2022 economic growth forecast to zero from the previous 0.3%, pointing to the negative impact of the war in neighbouring Ukraine and rising global…
Nordstrom lowers annual forecast as inflation hits demand
(Reuters) -Nordstrom Inc cuts its annual revenue and profit forecasts on Tuesday, a sign that decades-high inflation was squeezing consumer spending on its high-end clothing and footwear. Shares of the Seattle-based firm…
Forecast for Powell’s mountain resort trip: High inflation, limited visibility
By Howard Schneider (Reuters) – For workers hoping to hold onto wage gains and investors hoping to hang onto profits, Federal Reserve Chair Jerome Powell’s remarks this week to a central banking…
Polish net inflation at 9.3% y/y in July, above forecast – central bank
(Reuters) – The following is a table of Polish annual net inflation indices for July, published by the central bank on Tuesday. Analysts polled by Reuters had expected July net inflation –…
James Hardie lowers annual profit forecast on inflation hit
By Riya Sharma (Reuters) -James Hardie cut its annual profit forecast on Tuesday, marking a dramatic shift in stance from the world’s top fibre cement maker as soaring operating costs and a…
EV maker Lucid halves 2022 production forecast as supply chain snarls hit
(Reuters) – Lucid Group on Wednesday halved its production forecast for electric vehicles, blaming extraordinary supply chain and logistics challenges, sending its shares down 10% after the bell. The company now expects…
BofA lowers 2023 forecast for Mexico economy, cites potential recession
MEXICO CITY – Bank of America has downgraded its 2023 growth forecast for Mexico’s economy to 0% from 1% amid a potential U.S downturn, analysts said in a research note, predicting the…
Investors swipe left on Match after Tinder CEO departure, poor forecast
(Reuters) – Match Group Inc was on track to shed a fifth of its value following the sudden departure of its Tinder unit head and a downbeat revenue forecast for the current…
French services growth slowed less than first forecast in July -final PMI
PARIS – Growth in France’s services sector weakened by less than initially expected in July, yet inflationary pressures were likely to weigh in the near-term on the euro zone’s second-biggest economy, a…
Colombia July inflation forecast ever closer to double digits: Reuters poll
By Nelson Bocanegra BOGOTA – Colombia’s inflation is forecast to have maintained its upward trajectory in July, rising almost to 10% amid supply issues and robust demand, pushing up estimates for this…
Mexico’s Cemex posts earnings drop, cuts operating profit forecast
By Kannaki Deka and Isabel Woodford (Reuters) – Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating profit forecast,…
Thai exports beat forecast in June on high global demand, weak baht
BANGKOK – Thailand’s customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, the commerce minister…
Spain raises inflation forecast for 2022, lowers GDP growth target for 2023
MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for…
Brazil government improves primary budget deficit forecast for 2022
BRASILIA – Brazil’s government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve the short-term fiscal balance. The Economy Ministry…
Malaysia’s June CPI up 3.4% y/y, higher than forecast
KUALA LUMPUR – Malaysia’s consumer price index (CPI) rose 3.4% from a year earlier in June, government data showed on Friday. The rise was more than the 3.1% growth forecast by economists…
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