Tag Archives: slowdown

[unable to retrieve full-text content]Bank earnings: Goldman Sachs and others see investment banking slowdown, layoffs  Yahoo Finance Source link

Inflation pressures eased again in December, giving some Federal Reserve officials more confidence that a continued slowdown in its interest rate increases is warranted. In the final month of 2022, inflation as measured by the Consumer Price Index showed prices rose 6.5% over last year while falling 0.1% over the prior month. Philadelphia Fed President Patrick Harker said Thursday morning he expects the “eye-popping” inflation readings of 2022 are behind us, and that it makes sense to slow… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link

Stocks rose on Wednesday after the minutes from the Federal Reserve’s latest policy meeting signaled a likely slowdown in the central bank’s pace of interest rate increases next month. When the closing bell rang on Wall Street, all three major indexes were in green figures, with the S&P 500 up 0.6%, the Dow up 0.3%, and the Nasdaq higher by 1%. Wednesday marked the week’s final full trading session for U.S. investors. U.S. markets will be closed for Thanksgiving, and markets are open for just… Source link

Economic slowdowns around the world hasn’t yet led to beer sales going flat for mega-brewer AB-InBev. “I think that demand is holding,” AB-InBev CEO Michel Doukeris said on Yahoo Finance Live (video above). “Beer as a category is very resilient.” AB-InBev produces everything from good old affordable Bud Light to more premium priced non-beers such as CutWater. Doukeris says not only haven’t beer sales waned this year, consumers don’t appear to be trading down to cheaper alternatives. “Not yet —… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Oct., 26 2022 Even cloud giants like Microsoft can’t avoid the economic slowdown The economic slowdown has come for tech companies’ big cash cows: the cloud businesses that provide their clients with inexpensive computing power and applications. On Tuesday, Microsoft (MSFT) reported… Source link

Paramount (PARA) CEO Bob Bakish is all in on advertising despite overall Wall Street skepticism. At Yahoo Finance’s All Markets Summit shrugged off concerns about a global slowdown in ad spending amid macroeconomic headwinds. “The two concerns in the Street right now are advertising and streaming profitability,” Bakish said (full interview above). “Advertising is a great business. And we have a fundamentally strong position in it. Our combination of linear reach, particularly with a broadcast… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output and investment all slowed and missed economists estimates in July. The surveyed jobless rate for those aged… Source link

Google has told employees that it’ll be “slowing down the pace of hiring for the rest of the year,” according to an internal memo Tuesday by CEO Sundar Pichai obtained by The Verge. Pichai says the company will have to “be more entrepreneurial” and work with “greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days.” You can read the full memo below. According to the memo, the company isn’t freezing hiring entirely; it’ll still hire for… Source link