Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction.The chief market strategist at Jefferies told CNBC that central bankers shouldn’t be daunted by the July producer price index showing pipeline inflation pressures hotter than expected.Instead, he advocated the Fed move aggressively now to ease as a way to forestall a labor market slowdown and in fact help create a million more jobs. For the past three Fed meetings, Zervos has advocated a half percentage point cut in the…
Author: usaeverydaylife
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC’s producers were watching in Thursday’s session and what’s on the radar for Friday. UnitedHealth Group Some big names have piled into this health-care giant over the last several weeks, according to 13F filings compiled and reported on this evening by CNBC’s Leslie Picker. She will have a lot more on “WorldWide Exchange” and “Squawk Box” Friday morning. David Tepper’s Appaloosa Management bought the stock.…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJacob Kam, CEO of MTR discusses the rail operator’s post-earnings outlook, saying it expects a gradual improvement in patronage as Hong Kong attracts more sports and entertainment events. Source link
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty ImagesChina’s economy lost momentum in July, with growth faltering across the board, as weak domestic demand persisted and Beijing intensified efforts to curb excess capacity.Retail sales last month rose 3.7% from a year earlier, data from the National Bureau of Statistics showed Friday, sharply missing analysts’ estimates for a 4.6% growth in a Reuters poll and slowing from June’s 4.8% growth.Industrial output rose 5.7% from a year ago in July, its weakest level since November…
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | ReutersShein’s U.K. arm generated £2.05 billion ($2.77 billion) in sales in 2024, up 32.3% from 2023, according to a filing released on Friday.The online fast-fashion retailer’s pre-tax profit rose to £38.25 million in 2024 from £24.43 million in 2023.The company highlighted several milestones during the year, including the opening of new offices in King’s Cross and Manchester, a pop-up shop in Liverpool and a Christmas bus tour across 12 U.K. cities.The Chinese company, which is headquartered…
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, U.S., on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Don’t mix business with pleasure — or the music of the spheres might eject you from the skies even if you are an astronomer — but it seems, in the current milieu, there are no such restrictions between business and politics.U.S. President Donald Trump’s administration is eyeing a stake in struggling chipmaker Intel, according to a Bloomberg report on Thursday. That consideration is primarily attributable to Intel’s status…
Home Depot (HD) , a leading home improvement retailer, is scheduled to announce its fiscal second-quarter 2025 earnings next Tuesday before the market opens. Analysts forecast earnings per share (EPS) of $4.71 on revenues of $45.43 billion, representing year-over-year increases of 2.33% in EPS and 5.21% in sales. This follows a challenging Q1, where comparable sales saw a slight decline of 0.3% due to cautious consumer spending. As of Friday, the stock has a year-to-date total return (net of dividends) of just 1%, trailing the S & P 500 by about 8.5%. The housing market has remained under considerable stress,…
The ‘Fast Money’ traders react to the Trump admin possibly taking a stake in Intel. Source link
What does a donut tell us about the state of the economy?Chicago Federal Reserve President Austan Goolsbee thought about that Wednesday as he toured Mel-O-Cream Donuts in Springfield, Illinois.Even inside a donut shop, the effects of tariffs on the economy can be seen. “It’s sort of surprising, because donuts seem like a very local product, and yet they get some ingredients like palm oil that are coming from Indonesia,” Goolsbee said. The Trump administration set tariffs on Indonesia at 19%.”They have to now figure out what are the tariff rates, and the tariffs went up a significant amount. If that…
The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan.Bloomberg | Bloomberg | Getty ImagesJapan’s economy expanded 0.3% in the second quarter of 2025 compared to the first three months of the year, beating forecasts despite tariff headwinds out of the United States.This was compared to the revised 0.1% growth seen in the first quarter, and was higher than the 0.1% increase expected by economists polled by Reuters.The GDP beat can be mainly attributed to net exports, which contributed 0.3 percentage points to GDP growth.On a year-over-year basis, Japan’s GDP expanded 1.2% in the second quarter, falling short of…
