Multinational conglomerate 3M will cut 2,500 global manufacturing roles after fourth-quarter profits plummeted due to a slowing economy. Mike Roman, chairman and CEO of 3M, said in a release, “In a year impacted by inflation, global conflicts, and economic softening, …
Exports dropping……companies not able to clear inventories….recession confirmed “There is consensus now that the US economy will go into a recession and therefore we should not expect any quick rebound in demand,” Mr Goh said. He added that a lot …
by SilverBoatSurfer Source: https://edition.cnn.com/2021/12/08/business/gas-price-forecast/index.html
https://finance.yahoo.com/news/china-home-sales-tumble-33-005204953.html Read Article here *PBOC REITERATES THAT IT WILL NOT FLOOD ECONOMY WITH STIMULUS Bloomberg — Daniel Lacalle (@dlacalle_IA) May 9, 2022 h/t Shanobido47
Demand destruction is when prices get so high that consumers are hit with an affordability crisis. That is precisely what is happening with the used car market. New earnings data from CarMax, the nation’s largest retailer of used cars, showed …
European stocks are down today after an undisclosed investor sold significant stakes in some of the largest banks in the region. The STOXX Europe 600 index slipped 1.2% in the morning, while the German DAX and the banking market declined …
View post on imgur.com https://news.yahoo.com/china-developer-shares-tumble-most-091941813.html Chinese stocks listed in Hong Kong had their worst day since the global financial crisis. Concerns over Beijing’s close relationship with Russia and renewed regulatory risks sparked panic selling. 2/5https://t.co/hnImJs2ryE via @JeannyYu @CharlotteYTYang pic.twitter.com/Cc78EbT3TG — …
Federal Reserve is saying inflation is “transitory”, theyll be cutting $120 billion in MBS and bond purchases by $15 billion a month (e.g. tapering the taper) and raise interest rates….none of which is possible or true. It will all be …
Southwest has canceled more than 2,000 flights since Saturday. The airline blamed air traffic control issues, bad weather and its own staffing shortage. Outraged customers complained about long hold times to change flights. Southwest Airlines shares slipped Monday after it …
from Zero Hedge Something odd is taking place in the market today: the world’s biggest central bank – whose balance sheet is 40.5% of Europe’s GDP – unveiled massive monetary easing in the form of new carry-trade facilitating bank loans and …
CitiFX Global Economic Suprise Index collapses – $SPX ignores b/c trade talk hype and CBs communicating QE again. For whatever reason, if stocks revert back to reality, a big tumble could be ahead. pic.twitter.com/CDoX3CG6ey — Alastair (@StockBoardAsset) February 18, 2019 …
https://www.cnbc.com/2018/11/20/target-reports-q3-2018-earnings.html TGT on Tuesday reported a mixed quarter, with revenue slightly topping analysts estimates but earnings falling short, as investments in its supply chain weighed on profits. Despite the earnings miss, Target maintained its forecast for the full year, and …
via WSJ: Facebook Inc.’s difficult year is taking a toll on employee morale, with several key measures of internal sentiment taking a sharp turn for the worse over the past year, according to people familiar with the matter and messages …
via Joanna Ossinger Anyone expecting the Federal Reserve to save the markets is likely to be disappointed unless things get a lot worse. While yesterday’s 3.3 percent drop in the S&P 500 Index was the biggest since February, it will take …
by Chris The usual Monday night special (stock futures up, gold down) was a 50/50 affair, with only ‘gold donw’ being achieved. The big news is that China cut its reserve requriements again to combat the increasingly obvious slowdown in …
https://www.youtube.com/watch?v=be_MvXN1gao The ratings for the week of August 6 through the 12th just came out, and the story this time around is that CNN was beaten in primetime by the History Channel, and people pointed out that one of the …
GM beats Street on top and bottom line, cuts full year earnings forecast from CNBC. General Motors shares tumbled Wednesday after the largest U.S. automaker cut its profit outlook for the year, citing higher costs for raw materials and unfavorable foreign …
by DoctorBraveStone Source CNBC Chipotle Mexican Grill‘s shares tumbled by almost 9 percent Thursday morning after the company announced its strategy to revitalize the fast-casual restaurant chain but provided few details on its future growth prospects. “The call was lighter …
via Eric Basmajian Summary: Breakeven rates have come down significantly from the peak several weeks ago. We have forecast the reduction in break-even rates for the past couple of months. As inflation expectations fade, nominal rates will continue to fall. BREAKEVEN …