Tag Archives: America

Roughly a year from today, the S&P 500 will likely have gone nowhere, strategists at Bank of America Global Research said in their year-ahead outlook published Monday. Equity strategists at BofA set a 2023 year-end price target of 4,000 on the benchmark index — an increase of less than 1% from Monday’s close of 3,963.94 — as annual earnings per share for the S&P 500 are seen declining 9% next year to $200. This drop in earnings reflects a figure roughly 15% below current estimates. In… Source link

Maybe you’ve glossed over the wild news coming out of the U.K. recently, but it’s actually important stuff, especially as it concerns the country’s new prime minister, Rishi Sunak, whose backstory has deep and surprising American ties. I’ll get to that good stuff on Sunak in a second, but first a word about the bond between America and England. France or Israel might believe they have a special relationship with the U.S.—but they’re fighting for second place. We’ve had ties with… Source link

Sony Honda Mobility (SHM), the new name for the joint venture that Japanese electronics behemoth Sony (SONY) and Honda Motor Co. (HMC) created to develop electric vehicles, will build its cars in North America. The joint venture will sell the cars in the U.S. and Japan, where in a turnabout of sorts, the Japanese market will get cars exported from North America. Though Honda and Sony did not say where in the U.S. the cars would be built, it’s likely to be in Ohio, where Honda is putting in… Source link

Inflows to stocks neared a record last week as bets on a bottom forming spurred major dip-buying across U.S. equities. The optimism, however, is likely premature, according to Bank of America. Analysts at the bank said in a Tuesday note that allocations to equities reached the third-highest sum since 2008 during the five-day period, according to client data — a sign investors believe indicates that the market sell-off is nearing an end. But BofA contested the notion that the worst is behind… Source link

Many families across the U.S. lack access to supplies essential to their baby’s well-being, including clothing, food, and diapers. The coronavirus pandemic has played a heavy role in this crisis, and as households seek help from nonprofit organizations, anti-abortion centers (AACs) may be misrepresenting the extent of their services. In 2019, Heartbeat International, an AAC giant, claimed to have provided 1.85 million individuals with free baby supplies, including more than 2 million baby… Source link

I recently went to my neighborhood drug store in New York City to buy some Tylenol and saw it was locked up on a plastic shelf—as was much of the store’s stock. We’re used to seeing expensive jewelry secured behind glass or a few items behind convenience store counters, but lately the amount of seemingly ordinary items—soap, ice cream, detergent—locked up in stores—CVS, Best Buy, Home Depot, etc—is increasing. If you don’t see this where you live yet, you might soon. Or you… Source link

Not only did Joe Biden say “the pandemic is over” a week ago, but Jerome Powell, the Federal Reserve chair whose hawkishness is roiling markets, said shortly afterward that the economy is now moving towards a “new normal.” If you grant that the pandemic is ending and that a new normal is here, what does that look like? The early signs are: not very good. The pandemic forced many Americans into constrained ways of working and socializing. Interactions generally became more limited,… Source link

Americans are in a foul mood. Consumer confidence is at recessionary levels, even though there’s no recession. Seventy percent of Americans think the nation is heading in the wrong direction, with only 23% saying it’s on the right track. Okay, fine. Inflation is a pain. Politics are toxic. COVID may never end. But the United States is doing better than just about any other place in the world, at a time of war and other massive disruptions. If you don’t like it here, ask yourself, where… Source link

DENVER, September 06, 2022–(BUSINESS WIRE)–UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that the Company will participate in the Bank of America Securities 2022 Global Real Estate Conference being held at the Conrad New York Downtown on September 13-14, 2022. The UDR Executive Team will host a roundtable discussion on Tuesday, September 13, 2022, at 12:40 p.m. Eastern Time. The Company’s roundtable discussion will be made… Source link

The S&P 500’s decline this year—it’s down nearly 18% since January—accelerated last week after Federal Reserve Chair Jerome Powell indicated more “pain” was ahead. Has the market hit bottom? Bank of America Research, based on its new list of 10 signals showing whether the stock market has hit bottom, says no. View this interactive chart on Fortune.com The bank came up with the list, released on Friday, after analyzing “macro and bottom-up data encompassing policy, valuation,… Source link