CEOs may be less cheery than usual as they sip crisp Davos spring water and eat pricey sustainably-raised fish at this year’s World Economic Forum (WEF). PwC’s global CEO survey, which polled 4,410 CEOs in 105 countries and territories in October and November 2022, found that 73% of CEOs believed global economic growth will decline over the next twelve months. The survey was released as the WEF kicks off. “The bleak CEO outlook is the most pessimistic CEOs have been regarding global economic… Source link
Read More »Warner Bros. Discovery results ‘pretty awful’ as growth plan ‘looks bleak’: Analyst
Warner Bros. Discovery (WBD) continued to plummet on Thursday, dropping 16% in midday trading after the company reported a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. “We knew it was going to be messy, but this was pretty awful,” Geetha Ranganathan, Bloomberg Intelligence senior media analyst, told Yahoo Finance. The company expects 2022 adjusted EBITDA to come in between $9 billion and $9.5 billion, a decline from previous forecasts of $10… Source link
Read More »One chart reveals how bleak many view the state of the economy
Large investors are very downbeat on the economic outlook for the United States. Growth expectations fell to an all-time low in May, according to the latest Bank of America fund manager survey out on Tuesday. For a dose of perspective, the current reading is below that seen during the Great Recession and the dot.com bubble. Such dour sentiment comes despite economists expecting the U.S. economy will have grown around 2.5% in the second quarter and unemployment levels remaining near record… Source link
Read More »Bond investors world-wide ‘face a bleak future’
TipRanks 2 ‘Strong Buy’ Stocks With 7% Dividend Yield You can get whiplash, trying to follow the market fluctuations these days. Volatility rules for now, as investors are pulling out of Big Tech – a move that is pushing the general markets down. The bearish sentiment comes as new COVID case numbers are falling, along with the weekly unemployment claims. Both are positive news bites for the economy, and will help to justify increased economic opening. At the same time, a Congressional… Source link
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