Tag Archives: Bank

Markets remain on edge regarding the outlook for inflation, as seen in the hit to stocks last week amid a hotter than expected read on the Producer Price Index (PPI). Furthermore, this week’s Federal Reserve meeting could feature Chairman Jerome Powell pushing back on recent financial easing in markets. Couple those factors with expectations for muted corporate profit growth and a recession in the U.S., and uncertainties for the stock market in 2023 are abound. The team at Deutsche Bank led by… Source link

SAO PAULO, Dec 8 (Reuters) – Alphabet’s (GOOGL.O) Google Pay has received approval to operate as a payment institution in Brazil, Latin America’s largest economy, the country’s official gazette showed on Thursday, allowing it to initiate payment transactions. Payment initiators, according to Brazil’s central bank, initiate a transaction ordered by the final user but never manage the payment account, nor hold the funds of the transactions. A press spokesperson for Google confirmed the central… Source link

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

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

Cadence Bank Houston Open Houston, TexasMemorial Park Golf Course – Par 70 – 7,412 yardsField – 132 entrantsPurse – $8.4M The Preview Nearly 50 players finished in double-digit red numbers last week at Mayakoba, but 10-under-par could be close to the winning score this week in Texas as a much tougher Memorial Park Golf Course hosts the Cadence Bank Houston Open for the third time since 2020. Length is emphasized on this 7,412-yard layout that features a trio of difficult par-5s, two of which… Source link

Florida and Georgia issued a joint statement on Sunday morning condemning an antisemitic message that was projected onto the exterior of TIAA Bank Field after the Bulldogs’ 42-20 win over the Gators. The message positively referenced Kanye West’s antisemitic remarks earlier this month. The statement from the school not only denounced what was projected onto the stadium but “other antisemitic messages” in the city of Jacksonville. “We strongly condemn the antisemitic hate speech… Source link

Semiconductor stocks are down big this year, and Deutsche Bank is warning about more weakness. The bank’s Q3 semiconductor industry preview, titled “Déjà vu all over again,” highlighted “fears of fundamental deterioration leading to very bearish investor positioning,” adding that “we expect 3Q earnings season to yield more pervasive signs of weakness, as the well-known issues in Consumer areas (PCs, Handsets, etc.) will likely spread to at least more forthcoming admissions of uncertainties… 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

The bulls on Wall Street continue to pile back into Tesla stock, citing a host of potential catalysts. In a note out on Friday, Deutsche Bank analyst Emmanuel Rosner said he believes the rally in Tesla stock is just beginning with several likely drivers for the company in 2023. “We view 2023 as a pivotal year in which Tesla continues to grow volume at a high pace, enters new segments with Cybertruck and Semi, optimizes its manufacturing footprint, and benefits from IRA [Inflation Reduction… Source link

MARTINSVILLE — Check your bank statements. A scam involving unauthorized Google charges is hitting bank accounts across the country including right here in Indiana. A Martinsville woman contacted WRTV Investigates for help. The charges are totally bogus but appear to be coming from Google and Google Play, and typically there’s more than one on your credit or debit card. Anita Caincross of Martinsville went out to dinner with a friend, and when she went to pay with her debit card, it would… Source link