The median U.S. home price just passed $400,000 for the first time ever, according to data from the St. Louis Federal Reserve. In the third quarter the median home price hit $404,700, jumping nearly 20% since third quarter of 2020, when the median sales price was $358,700. Though it’s an...
The Commerce Department is due to release annualized GDP growth data for the third quarter at 8:30 a.m. ET. Economists polled by Dow Jones expect the economy to have expanded by just 2.8% in the third quarter. The 10-year U.S. Treasury yield rose to top 1.55% early on Thursday, having...
SINGAPORE — Shares in Asia-Pacific were lower on Thursday as the Bank of Japan announced its decision to hold steady on monetary policy. The Nikkei 225 in Japan declined 0.96% to close at 28,820.09 while the Topix index shed 0.7% to 1,999.66. Retail sales in Japan fell 0.6% in September from a year earlier, according to government data released Thursday.
As world leaders head for rainy Scotland this weekend for the global climate summit, many capitals already expect disappointing results. So a gathering later in November — this time in hot and humid Singapore, sponsored by former New York Mayor Mike Bloomberg — is already drawing attention as "what's next" for climate commitments.
WASHINGTON, Oct 28 (Reuters) - The U.S. economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending. The Commerce Department's advance gross...
'Another World Series cloud performance': 3 analysts react to Microsoft's 1st-quarter earnings report that sent stock to record highs
"We continue to see Microsoft as well positioned to capitalize on durable secular growth in digital transformation budgets," Goldman Sachs said.
Shares of software giant Microsoft (NASDAQ:MSFT) had jumped 4% as of 11:50 a.m. EDT Wednesday after the company reported better-than-expected sales and earnings in its fiscal first-quarter 2022 report last night. Instead of the $2.07 per share earned on sales of $44 billion that analysts were expecting, Microsoft reported a...
Drivers will pay £15 less than expected for each tank of petrol, after a planned rise in fuel duty was scrapped. Rishi Sunak said motorists had cumulatively saved £1,900 as a result of the tax being frozen by the Government since 2011. The Chancellor pointed to a recent rise in...
The corporate bond market can thank banks for the rising demand in corporate debt as banks continue to load the proverbial boat with more debt to balance their cash reserves. Big players like Goldman Sachs and Bank of America have been issuing billions in bonds after strong third quarter results. It’s not just the bonds that capital market investors are after, but also bank stocks, which have been strong performers this year.
Democratic New Jersey Gov. Phil Murphy is seeking reelection next week, attempting to become the first Democratic governor in the state to be reelected since 1977. Murphy, who graduated with a degree in economics from Harvard University in 1979 and worked for Goldman Sachs for 23 years, got his start in politics when he served as the National Finance Chair of the Democratic National Committee between 2006 and 2009, serving at the time under DNC Chair Howard Dean.
Deborah Orida was named chief sustainability officer of CPP Investments, a new position. Based in Toronto, CPP Investments manages the assets of the C$519.6 billion ($420.1 billion) Canada Pension Plan. In a news release Wednesday, CPP Investments noted that Ms. Orida will also keep her role as senior managing director...
Facebook, Inc. (NASDAQ:FB) – Stock analysts at Piper Sandler lowered their FY2021 earnings per share estimates for shares of Facebook in a research note issued to investors on Monday, October 25th. Piper Sandler analyst T. Champion now forecasts that the social networking company will post earnings of $13.93 per share for the year, down from their prior forecast of $14.04. Piper Sandler has a “Neutral” rating and a $385.00 price target on the stock. Piper Sandler also issued estimates for Facebook’s Q4 2021 earnings at $3.81 EPS, Q2 2022 earnings at $3.56 EPS and Q1 2023 earnings at $3.91 EPS.
Coca-Cola (KO) delivered better-than-expected Q3 2021 results as strategic transformation allowed the company to navigate a dynamic environment. Revenue and earnings came in above consensus estimates, with the company updating its full-year guidance to reflect ongoing business momentum. KO shares rose 1.93% to close at $55.52 on October 27. Coca-Cola...
An effort by Goldman Sachs Group Inc. to get a Delaware bankruptcy judge to stop a lawsuit filed against the investment bank in Tennessee has failed. As part of the 2020 bankruptcy of restaurant chain Ruby Tuesday Inc., Goldman Sachs got ownership of a corporate retreat at Maryville College in Tennessee.