Articles

Oil prices pull back from 4-month highs, on track for strong weekly gains

Oil futures pull back, but remain on pace for strong weekly gains after breakout to four-month highs.

Consumer sentiment dips in early March. Americans are neither optimistic nor pessimistic.

The reading from a survey of consumer sentiment fell slightly in early March from a 32-month high, indicating some uncertainty among Americans as to how the economy will perform in 2024.

Adobe’s stock slides toward worst day in 18 months, as AI story will take time

Adobe is seen as a potential AI beneficiary, but for now, investors seem disappointed in its monetization timeline.

Zero. That’s how much 28% of the country has saved for retirement.

How much is needed for a secure retirement varies by person and situation, but clearly, nothing is not enough.

Megabanks not immune to office space slowdown as stressed loan percentage jumps

FDIC Chairman Martin Gruenberg sees ‘downside risk for the industry’

U.S. industrial output inches up 0.1% in February after sharp decline in prior month

Industrial production rose 0.1% in February, the Federal Reserve reported Friday. The gain was above expectations of a flat reading, according to a survey by The Wall Street Journal.

Steel Dynamics sees ‘meaningfully stronger’ profit amid broad demand growth

The continued return of manufacturing to the U.S., coupled with the “robust” U.S. infrastructure program, will support strong demand for years.

Snowflake’s stock draws upgrade after steep decline, but it’s hardly effusive

A Guggenheim analyst still sees a “mountain of challenges” but says Snowflake’s full-year forecast looks beatable.

Manufacturing activity falls significantly in New York in March

The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, fell 18.5 points in March to negative 20.9, the regional bank said Friday.

Import prices rise for second month in a row and add to U.S. inflation

The cost of imported goods rose in February for the second month in a row and added to a small upturn in U.S. inflation early in the new year.

‘Now is the time of monsters.’ One central-bank chief has doubts about the dollar’s hegemony.

One central bank head reportedly quoted the Italian philosopher Antonio Gramsci about the dollar’s dominance on the world stage: “The old world is dying, and the new world struggles to be born: now is the time of monsters.”

Jabil gives downbeat earnings outlook, sending its stock lower

Jabil called out “revenue headwinds” as it posted slightly disappointing top-line results for its latest quarter and issued a downbeat outlook.
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