ADVFN US – Market Content Editor
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Hotter-Than-Expected Inflation Data May Trigger Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to come under pressure amid a negative reaction to a highly anticipated report on consumer price inflation. The futures plunged following the release of a Labor Department report showing U.S. consumer prices advanced by slightly more than…
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US inflation rises from 3.2% to 3.5% in March
The yearly inflation rate in the United States stood at 3.5% in March, according to the latest report by the Bureau of Labor Statistics on Wednesday. Inflation increased compared to February’s annual rate of 3.2% and exceeded analysts’ predictions. Month-on-month, the consumer price index (CPI) rose by 0.4%. Over half of the increase was attributed…
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IMF: Global growth rate to slow to 2.8% by 2030
The International Monetary Fund (IMF) said in its latest world economic outlook report on Wednesday that the global growth rate is likely to fall to 2.8% by the end of the decade, a full percentage point below the historical average. The IMF said the decline in productivity growth is responsible for more than half of…
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Investors Retreat from Renewable Energy Sector Amid Policy Uncertainties and Growth Concerns
In a marked shift from previous years, global investors are pulling back from renewable energy sector funds, influenced by concerns over the sector’s growth prospects and the uncertain policy landscape in a U.S. election year. This retreat is highlighted by significant fund outflows and the underperformance of renewable energy indices compared to their fossil fuel…
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Latest Analyst Recommendations and Price Target Adjustments: Boeing, Nvidia, Spotify…
The trading landscape is seeing a flurry of activity as several major firms receive updated recommendations and price target adjustments from leading analysts. Here’s a roundup of some notable changes: Energy Sector Gains Momentum EQT Corporation sees a significant upgrade from Bernstein, moving from ‘Underperform’ to ‘Market Perform’. This optimistic adjustment comes with a price…
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Volkswagen, BMW, Ford, and Mercedes-Benz: Automotive Industry Updates for Q1
Volkswagen Sees Continued Growth with a Focus on China Volkswagen AG (TG:VOW) reported a significant increase in its global deliveries for the first quarter of 2023, reaching a total of 2.1 million vehicles, marking a 3% growth compared to the same period last year. China stood out as the main market driving this growth, with…
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US mortgage applications up by 0.1%
Mortgage applications in the United States grew by 0.1% in the week ending April 5, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey published on Wednesday. The 30-year mortgage rate stood at 7.01% in the same period, compared to 6.91% the previous week. The Refinance Index increased by 9.9% to 498.3, while…
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Delta’s Q1 revenue at $13.7 billion, up 8%
Delta Air Lines Inc. (NYSE:DAL) announced on Wednesday that its revenue in the first quarter of the fiscal year 2024 saw an annual rise of 8% to reach $13.7 billion. The company registered a net income of $37 million, an improvement compared with the net loss of $363 million noted in the same trimester in…
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U.S. Index Futures Show Mixed Trend Ahead of Key Inflation Data Release, Oil Prices Edge Higher
U.S. index futures are showing a mixed trend in Wednesday’s pre-market trading. Investors are eagerly awaiting fundamental US inflation data, which should provide crucial insights into the Federal Reserve’s future interest rate policy direction. As of 6:31 AM, Dow Jones futures (DOWI:DJI) rose by 37 points, or 0.09%. S&P 500 futures fell by 0.01%, and…
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Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News
Delta Air Lines (NYSE:DAL) – Delta Airlines reported a first-quarter profit of $37 million, a significant increase compared to the $363 million loss from the previous year. With adjusted revenue of $12.56 billion, the company surpassed Wall Street expectations, attributing the success to strong demand for leisure and business travel, according to CEO Ed Bastian.…