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…
JetBlue cuts revenue forecast due to weather disruptions, staffing gaps
(Reuters) – U.S. carrier JetBlue Airways warned on Thursday it expects third-quarter revenue to be at the low end of its prior forecast due to a bigger hit from weather-related disruptions and…
Thai Aug factory output falls 7.5% y/y, more than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in August dropped 7.53% from a year earlier, the industry ministry said on Thursday, as exports slowed amid soft global demand. The figure compared…
Exclusive-German economic institutes forecast 0.6% GDP contraction this year – sources
By Christian Kraemer and Rene Wagner BERLIN (Reuters) – Five economic institutes are predicting gross domestic product in Germany to contract by 0.6% in 2023, two sources told Reuters on Tuesday. For…
Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024
(Reuters) – Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next year, later than an earlier forecast of…
Coty boosts core sales forecast as price hikes, strong beauty demand help
(Reuters) – Coty on Wednesday raised its annual core sales forecast on the back of higher pricing and strong demand as customers splurge on its high-end and affordable cosmetics and fragrances. The…
Singapore’s Aug exports fall 20% y/y, more than forecast
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) fell 20.1% year-on-year in August, official data showed on Monday, as both electronics and non-electronics exports to the United States, Europe and China declined.…
Forecast for Fed’s new forecasts – still one more rate hike to go
By Ann Saphir (Reuters) – Faster growth, cooler inflation and a job market that won’t quit have set the stage for an updated batch of forecasts from Federal Reserve officials next week…
J.P.Morgan, ANZ raise 2023 China GDP forecast
BEIJING (Reuters) – J.P.Morgan and ANZ on Friday raised their 2023 economic growth forecast for China, after August economic numbers offered some signs of stabilization in the world’s second-largest economy. Both raised…
US retail sales, produces prices rise; jobless claims lower than forecast
NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely to keep…
Dollarama raises annual sales forecast as demand for essentials thrives
(Reuters) -Dollarama raised annual sales forecast on Wednesday after topping quarterly sales estimates, as Canadians lapped up the discount retailer’s cheaper offerings in response to higher prices of essentials. Consumers in Canada,…
Argentina August inflation forecast at highest since 1991
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s Consumer Price Index (CPI) likely rose 11.8% in August, which would be the highest monthly figure since 1991, according to a Reuters poll of…
EU Commission cuts euro zone growth forecast as Germany in recession
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on Monday as consumer demand suffers from high…
European Commission cuts growth forecast for Germany in 2023
BERLIN (Reuters) – The German economy is expected to contract in 2023, the European Commision said on Monday, cutting its forecasts for the euro zone’s biggest economy. Germany’s gross domestic product is…
US furniture retailer RH shares tumble as slowing sales prompt dour revenue forecast
By Chibuike Oguh NEW YORK (Reuters) – Shares of U.S. home furniture retailer RH dropped more than 15% on Friday after the company warned that slower quarterly sales would result in disappointing…
Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%
(Reuters) – Citigroup downgraded its 2023 economic growth forecast for the euro area to 0.4%, and said it expected the region’s economy to shrink “gently” over the next three quarters. The Wall…
Turkey hikes year-end inflation forecast to 65%
ANKARA (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts to 4.4% this year and 4% next…
Russian central bank deputy governor says 2023 growth will be closer to top of forecast range
(Reuters) – Russian central bank deputy governor Alexei Zabotkin told reporters on Tuesday that Russia’s economic growth this year would be towards the upper end of the 1.5%-2.5% forecast range. (Reporting by…
South Korea’s inflation quickens above forecast, keeping policymakers on watch
SEOUL (Reuters) – South Korea’s annual consumer inflation accelerated to 3.4% in August while the month-on-month rate was the fastest since early 2017, which should keep policymakers on alert for any sustained…
Moody’s lifts 2023 U.S. growth forecast, cuts China’s for 2024
By Marc Jones LONDON (Reuters) – Credit rating agency Moody’s raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year for China, saying that while the risk…
SentinelOne raises full-year forecast, adds partnership with Wiz still on
By Akshita Toshniwal (Reuters) – SentinelOne Inc raised its annual revenue forecast on Thursday, riding on resilient adoption of its AI-backed security offerings as macroeconomic fears abate. The cybersecurity company also clarified…
Thai July factory output falls more than forecast as exports slump
BANGKOK (Reuters) – Thailand’s factory output shrank slightly more than expected in July as sluggish global demand pinched exports, a ministry official said on Thursday. The manufacturing production index (MPI) fell for…
CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand
(Reuters) – CrowdStrike Holdings on Wednesday raised its full-year outlook and forecast third-quarter revenue and profit above market estimates, as more clients turn to its integrated cybersecurity offerings to combat rising digital…
Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs
(Reuters) – Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food products as well as moderating costs of…
Arla cuts sales forecast as consumers opt for cheaper butter, cheese
By Johannes Birkebaek COPENHAGEN (Reuters) – Danish dairy firm Arla lowered its full-year sales forecast on Tuesday, saying inflation and the rising cost of living in Europe were prompting consumers to buy…
Weekend Beach and Weather Forecast: Sunny and Warm for Long Island
Long Island, NY – Today at Long Island’s beaches, the weather will be partly sunny with a high temperature near 85 degrees. Winds will come from the north at around 6 mph,…
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