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…
Brazil central bank improves 2023 GDP growth forecast to 2.0%
BRASILIA (Reuters) – Brazil’s central bank joined on Thursday a wave of recent upward revisions for the country’s economic growth this year, guided by a solid first quarter boosted by the agriculture…
Swiss energy rescue helps fuel wider 2024 budget deficit forecast
ZURICH (Reuters) – Switzerland expects its budget deficit to widen to 6.7 billion Swiss francs ($7.46 billion) next year due to extraordinary spending on Ukrainian refugees and the electricity sector, the government…
Manchester United raises annual forecast amid Champions League return
(Reuters) – Manchester United on Tuesday raised its forecasts for annual revenue and adjusted profit, betting on strong commercial and matchday income as the English football club returns to the UEFA Champions…
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…
Texas power demand again forecast to peak this week amid heat wave
(Reuters) – Texas’ power grid operator on Monday again projected electricity use would break records this week as homes and business cranked up air conditioning amid soaring temperatures. The Electric Reliability Council…
Sharp slowdown in growth of bank lending for euro zone and Germany forecast
FRANKFURT (Reuters) – High interest rates will keep a lid on the pace of bank lending in Europe this year and next, with a particular slowdown in growth in Germany as demand…
Singapore May core inflation rises 4.7% y/y, matches forecast
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May core inflation rate – which excludes private road transport and accommodation costs…
Fitch raises India FY24 GDP forecast to 6.3% on strong growth momentum
MUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in the first…
France’s Le Maire sticks to 2023 economic growth forecast for now
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government’s forecast of 1% economic growth for 2023. “I confirm the growth forecast…
HSBC cuts China’s GDP forecast to 5.3% on weak property, business outlook
(Reuters) – HSBC on Tuesday lowered China’s economic growth forecast for this year, citing drag from the property sector, and tempered business and household confidence. The global bank now forecasts China’s gross…
Goldman Sachs cuts China growth forecast as property slowdown bites
SINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. The U.S. investment bank lowered…
Westpac raises Australia cash rate peak forecast to 4.6%
SYDNEY (Reuters) – Westpac on Friday lifted its forecast for Australia’s cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining other major banks that are expecting higher rates…
BofA Global Research cuts 2023 China growth forecast after weak May data
(Corrects story identifier, also widens distribution) (Reuters) -BofA Global Research on Friday trimmed its China economic growth forecast for 2023, becoming the second Wall Street bank to revise forecast after the country’s…
Adobe tops quarterly results and forecast estimates driven by AI
By Samrhitha A (Reuters) – Adobe Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker’s efforts to drive up demand with generative artificial intelligence (AI)…
J.P.Morgan cuts China’s full year growth forecast after poor May data
(Reuters) – J.P.Morgan trimmed China’s economic growth forecast for 2023 after the country’s May industrial output and retail sales growth missed forecasts. Economists led by Haibin Zhu said on Thursday they now…
Homebuilder Lennar raises full-year forecast for home deliveries
(Reuters) – Lennar Corp on Wednesday raised its full-year forecast for home deliveries, as the homebuilder benefits from upbeat demand that far outpaced supply. Shares of the company were up nearly 3%…
Airbus raises 20-year delivery forecast, sees more replacements
By Tim Hepher PARIS (Reuters) – Europe’s Airbus on Wednesday raised its 20-year forecast for new airplane deliveries, but tempered its predictions for growth in the global airline fleet as carriers focus…
Retail media ad revenue forecast to surpass TV by 2028
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exceed television…
World Bank Issues Dire Forecast For Global Economy: ‘Precarious Footing’
World Bank Issues Dire Forecast For Global Economy: ‘Precarious Footing’ Jason Cohen on June 6, 2023 The expansion of the global economy will significantly decelerate in 2023 and 2024, according to a…
Tropical storm Arlene is forecast to weaken on Saturday, US NHC says
(Reuters) – Tropical Storm Arlene is forecast to weaken on Saturday, the National Hurricane Center (NHC) said in an advisory late on Friday. Arlene, which formed in the Gulf of Mexico, is…
Peru’s inflation rate dips slightly in May but still above forecast
LIMA (Reuters) – Peru’s inflation rate based on the metropolitan region of the capital Lima fell to 0.32% in May, government data showed on Thursday, but the rate of creeping consumer prices…
Dow cuts second-quarter revenue forecast on demand, pricing woes
(Reuters) – Chemical maker Dow Inc forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now expects revenue for the quarter ending June…
Thai April factory output drops 8% y/y, worse than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the industry ministry said on Wednesday.…
Taiwan cuts GDP forecast, export outlook as global demand weakens
TAIPEI (Reuters) -Taiwan’s economy will probably grow more slowly in 2023 than previously forecast, the government’s statistics office said on Friday, as weakening global demand weighs heavily on its key technology exports.…
Brazil’s PagSeguro posts $74 million quarterly profit, beats forecast
SAO PAULO (Reuters) – Brazilian financial technology firm PagSeguro Digital on Thursday posted a better-than-expected 6% increase in its first-quarter profit, which the company said was boosted by payment processing revenue. The…
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