US GDP sails past expectations again on back of strong consumer spending July 25, 2024 The world’s largest economy breezed past economists’ expectations yet again as consumer spending picked up more than anticipated. According to new ‘flash’ figures published on Thursday, US GDP grew at an annualised rate of 2.8 per cent between April and June. Economists had expected GDP to grow 2.0 per cent. This was a substantial acceleration [...]
Dealmaking rebound helps JPMorgan to bumper profits July 12, 2024 JPMorgan benefited from a long anticipated recovery in dealmaking to deliver a big increase in profit compared to last year. The Wall Street giant reported net income of $18.1bn in the second quarter, up 25 per cent on the same period last year and ahead of analyst’s expectations. JPMorgan saw revenue rise by 22 per [...]
US inflation comes in below expectations as eyes turn to Fed’s next rate decision July 11, 2024 Economists think the Fed is likely to start cutting interest rates in September.
Indivior shares plunge after US move and profit warning July 9, 2024 Indivior lowered its annual adjusted operating profit forecast and shares in the company plunged.
US inflation comes in below expectations as prices remain flat in May June 12, 2024 The figures come ahead of the US Federal Reserve's latest interest rate decision, due this evening.
US economy smashes forecasts again with blockbuster jobs report June 7, 2024 The figures will be closely scrutinised by policymakers at the US Federal Reserve ahead of its latest interest rate decision next week.
Struggling Dow transport stocks could be economic warning signal June 1, 2024 It's been a banner year for the major US stock indexes, but one economically sensitive corner of the market sticks out as a sore spot.
Relief as US inflation finally comes in below expectations May 15, 2024 Stubborn inflation at the start of the year has forced markets to reconsider when the Fed is likely to start cutting interest rates.
US economy disappoints in first quarter of 2024 as growth slows far more than expected April 25, 2024 The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.