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☆ These 5 recession indicators have escaped the danger zone after flashing economic red flags
▼ + stars: | 2024-04-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Five recession indicators that were flashing a warning sign about the economy have since retreated. AdvertisementVarious economic indicators that suggested a recession was imminent not too long ago have since retreated, according to Ned Davis Research. That means investors probably don't have to worry about an economic recession occurring any time soon. AdvertisementThese are the five recession indicators that are no longer flashing red as the resilient US economy continues to power forward. In February, the LEI ticked up 0.1% and the Conference Board no longer expects a recession," Kalish said.

Persons: Ned Davis, Joseph Kalish, Kalish, Board's LEI, LEI Organizations: Ned Davis Research, NDR, Gross, GDI, Conference Board

☆ The economy is flashing a worrying signal that hasn't been seen since right before the 2008 crisis
▼ + stars: | 2023-11-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US economy is flashing a worrying signal about the health of the consumer. The gap between growth of GDP and gross domestic income hasn't been this large since 2007, Macquarie said. That's evidenced by a worrying indicator, which hasn't flashed a warning this loud since right before the 2008 recession, according to Macquarie strategists. Yearly growth in gross domestic product is currently outpacing gross domestic income by the most since 2007, Macquarie said in a note. The gap between the two could also explain why Americans feel poorly about the economy despite robust GDP growth, Macquarie added.

Persons: Macquarie, —, hasn't, That's, Thierry Wizman Organizations: Service, Macquarie, Macquarie Group

☆ US economy grows 5.2% in third quarter; higher interest rates eroding momentum
▼ + stars: | 2023-11-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

The growth pace, which was the quickest in nearly two years, however, likely exaggerated the health of the economy last quarter. Economists polled by Reuters had expected GDP growth would be revised up to a 5.0% rate. Inventory investment added 1.40 percentage points to GDP growth, instead of the 1.32 percentage points estimated last month. Higher wages contributed to the economy growing at a 1.5% rate last quarter, the fastest in a year, when measured from the income side. That suggested trade could be a drag on GDP growth this quarter after being a neutral factor in the April-June period.

Persons: Elizabeth Frantz, Christopher Rupkey, There's, Conrad DeQuadros, Jeffrey Roach, Lucia Mutikani, Chizu Nomiyama, Paul Simao, Andrea Ricci Organizations: REUTERS, Commerce Department, Gross, Commerce Department's, Analysis, Reuters, Federal, United Auto Workers, Treasury, Brean, BEA, Fed, LPL Financial, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Charlotte , North Carolina

☆ US third-quarter growth revised higher; corporate profits rise strongly
▼ + stars: | 2023-11-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The quickest growth pace in nearly two years reported by the Commerce Department on Wednesday, however, likely exaggerated the health of the economy last quarter. Economists polled by Reuters had expected GDP growth would be revised up to a 5.0% rate. The upward revision to growth last quarter reflected upgrades to business investment on structures, mostly warehouses and healthcare facilities. Inventory investment added 1.40 percentage points to GDP growth. Profits rose at a 0.8% rate in the second quarter.

Persons: Elizabeth Frantz, Christopher Rupkey, There's, Gregory Daco, Jeffrey Roach, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, WASHINGTON, Commerce Department, Gross, Commerce Department's, Reuters, Federal, United Auto Workers, Treasury, Federal Reserve, Fed, LPL Financial, Thomson Locations: Arlington , Virginia, U.S, New York, EY, Charlotte , North Carolina

China's decision may escalate trade disputes globally and spur other countries to prioritize research into alternative sources and materials, industry executives said. "We see China's move as a potential catalyst to highlight the urgency of improving (U.S.) graphite supply," said John DeMaio, president of Graphex Group's (6128.HK) graphene division. It has graphite supply deals with Syrah Resources (SYR.AX) and is looking for other sources, DeMaio said. Synthetic graphite could account for nearly two-thirds of the EV battery anode market by 2025, Benchmark Mineral Intelligence estimates. Chief Operating Officer Hans Erik Vatne told Reuters recently that developing synthetic graphite production is costly, but that is the price to pay to reduce reliance on China.

Persons: Fabian Bimmer, John DeMaio, Graphex Group's, DeMaio, Tesla, Hans Erik Vatne, Rob Anstey, Alvin Liu, Akash Sriram, Ernest SCheyder, Nick Carey, Christina Amann, Marie Mannes, Gilles Guillaume, Ilona Wissenbach, Ben Klayman, Josie Kao Organizations: Volkswagen, REUTERS, Syrah Resources, Magnis Energy Technologies, Mineral Intelligence, Reuters, EVs, BMO Capital Markets, BMW, Volvo, Renault, General Motors, Ford, Thomson Locations: Salzgitter, Germany, China, Warren , Michigan, West, U.S, Europe, Oslo, Norway, Bengaluru, Houston, London, Berlin, Stockholm, Paris, Frankfurt

☆ US GDP revised down in every first quarter from 2020 to 2022
▼ + stars: | 2023-09-28 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

This was most prevalent in first-quarter GDP data, before the government resolved the problem in 2018. GDP in the first quarter of 2020 was revised down to show it contracting at a 5.3% annualized rate, instead of the previously reported 4.6% pace. In the first quarter of 2021, GDP increased at a 5.2% rate rather than the previously published 6.3% pace, with consumer spending revised lower. In 2022, GDP contracted at a 2.0% rate in the first quarter, revised down from the previously reported 1.6% pace. The gap was less than 0.1% of GDP in 2022, revised from −0.6%.

Persons: Dave Wasshausen, Lucia Mutikani, Andrea Ricci Organizations: Analysis, BEA, Gross, Federal Reserve, Thomson

☆ A 31-year market vet shares 2 signals that show a recession is still on the way — and warns the S&P 500 still has 48% downside as valuations remain near the richest levels in history
▼ + stars: | 2023-09-23 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

One is that the Institute for Supply Management's Purchasing Managers' Index continues to show signs of slowing economic growth. "Real GDI has never fallen three quarters in a row without the economy being in a recession," Wolfenbarger said. This partially informs his call for the S&P 500 to fall to around 2,250, which would represent 48% downside from current levels. When it comes to Wolfenbarger's 48% sell-off call, it's well outside the mainstream of where strategists see stocks going. With valuations high, a meaningful recession could make that three times, as Wolfenbarger is warning.

Persons: Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, Costa, Louis, Warren Buffett Organizations: JPMorgan, Bull, Institute for Supply Management's, Crescat, Federal Reserve Bank of St, downturns . Federal Reserve Bank of St Locations: downturns .

☆ US second-quarter economic growth revised lower as inventories drop
▼ + stars: | 2023-08-30 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Economists polled by Reuters had expected GDP for the second quarter would be unrevised. Inventories were a small drag to GDP growth instead of adding 0.14 percentage point as estimated last month. It is expanding at a pace well above what Fed officials regard as the non-inflationary growth rate of around 1.8%. GDPINFLATION COOLINGThe government's measure of inflation in the economy, the price index for gross domestic purchases, rose at a 1.7% rate, revised down from the 1.9% rate estimated last month. An alternative measure of growth, gross domestic income, or GDI, rebounded at a 0.5% rate in the second quarter.

Persons: Elizabeth Frantz, Lydia Boussour, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: REUTERS, Commerce Department, Wednesday, Federal Reserve, Gross, Reuters, Fed, ADP, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, EY, New York

☆ US weekly jobless claims post biggest drop in 20 months as economy shows stamina
▼ + stars: | 2023-06-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

"The economy is currently displaying genuine signs of resilience," said Gregory Daco, chief economist at EY-Parthenon in New York. Initial claims for state unemployment benefits decreased 26,000 to a seasonally adjusted 239,000 for the week ended June 24. Continuing claims covered the period during which the government surveyed households for June's unemployment rate. The unemployment rate was at 3.7% in May. GDP consumer contributionEconomists had expected first-quarter GDP growth would be raised slightly to a 1.4% pace.

Persons: Gregory Daco, Unadjusted, Rubeela Farooqi, Jerome Powell, Amira Karaoud, Scott Hoyt, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Reuters, Financial, U.S, Treasury, REUTERS, Conference Board, Gross, Commerce Department, Thomson Locations: WASHINGTON, EY, New York, Minnesota, Ohio, California, Texas, Pennsylvania, Connecticut, New Jersey, White Plains , New York, Spanish, Madrid, Louisville, U.S, West Chester , Pennsylvania

☆ Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
▼ + stars: | 2023-05-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Price increases were spread almost evenly, with goods rising 0.3% and services up 0.4%. On an annual basis, goods prices increased 2.1% and services rose by 5.5%, a further indication that the U.S. was tilting back toward a services-focused economy. The report showed that spending jumped 0.8% for the month, while personal income accelerated 0.4%. Including food and energy, headline PCE also rose 0.4% and was up 4.4% from a year ago, higher than the 4.2% rate in March. Still, Citigroup economists expect the Fed to raise its forecasts for inflation and GDP when it releases its updates at the June meeting.

☆ U.S. weekly jobless claims still low; corporate profits fall in Q4
▼ + stars: | 2023-03-30 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 198,000 for the week ended March 25, the Labor Department said. Claims have remained very low, bouncing around in a tight range despite high-profile layoffs in the technology industry. The so-called continuing claims covered the period during which the government surveyed households for the unemployment rate for March. Continuing claims increased moderately between the February and March survey weeks. The unemployment rate was at 3.6% in February.

☆ U.S. job openings still elevated; third-quarter GDP revised up
▼ + stars: | 2022-11-30 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Job openings, a measure of labor demand, decreased 353,000 to 10.3 million on the last day of October, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday. There were 1.7 job openings for every unemployed person in October, down from 1.9 in September. Last month's decrease in job openings was led by state and local government, excluding education, where vacancies dropped by 101,000. The job openings rate fell to 6.3% from 6.5% in September. JOLTSWORKER SHORTAGESThe elevated level of job openings also suggests worker shortages persist, which economists said were contributing to the slowdown in job growth.

☆ U.S. third-quarter economic growth revised up; goods trade deficit widens in October
▼ + stars: | 2022-11-30 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Gross domestic product increased at a 2.9% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP. Economists polled by Reuters had forecast GDP growth would be raised to a 2.7% rate. Gross domestic income (GDI) had contracted at a 0.8% pace in the second quarter. Profits from current production decreased $31.6 billion in the third quarter after rising $131.6 billion in the second quarter. Inventories subtracted from GDP growth in the third quarter.

☆ U.S. third-quarter economic growth revised higher
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

Gross domestic product increased at a 2.9% annualized rate, the government said in its second estimate of third-quarter GDP. The economy had contracted at a 0.6% rate in the second quarter. Economists polled by Reuters had forecast GDP growth would be raised to a 2.7% rate. Gross domestic income (GDI) had contracted at a 0.8% pace in the second quarter. Profits from current production decreased at a $31.6 billion rate in the third quarter after rising at a $131.6 billion pace in the second quarter.

The costs, of which Hyundai accounted for 1.36 trillion won and Kia for 1.54 trillion won, amount to more than half of Hyundai's estimated third-quarter net profit and 77% of Kia's profit, Refinitiv data shows. APOLOGY"We sincerely apologise for repeated quality issues and additional costs related to the Theta II GDI engine recall," Cha Seong-ju, head of the quality division at Hyundai Motor Group, told analysts. "We will put our utmost efforts to secure engine quality... and manage quality related cost in order to prevent a repetition of quality issues." In 2020, Hyundai and Kia together made 3.6 trillion won in provisions related to engine issues. Hyundai Motor is scheduled to report its July-September earnings next Monday, while Kia has not yet announced when it will report its third quarter results.

☆ Hyundai Motor, Kia say $2 bln provision to hit Q3 earnings
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 18 (Reuters) - Hyundai Motor (005380.KS) and affiliate Kia Corp's (000270.KS) third-quarter earnings will reflect provisions totalling a combined 2.9 trillion won ($2 billion), they said on Tuesday. The costs include provisions related to their Theta GDI engines, the South Korean automakers said in regulatory filings. Hyundai Motor said a provision of 1.36 trillion won would be reflected in its earnings, while Kia flagged a hit of 1.54 trillion won. In 2020, Hyundai and Kia together made 3.6 trillion won in provisions related to engine issues. Hyundai Motor is scheduled to report its July-September earnings next Monday, while Kia has not yet announced when it will report its third quarter results.

☆ U.S. weekly jobless claims fall; second-quarter GDP unrevised
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 193,000 for the week ended Sept. 24, the Labor Department said on Thursday. The so-called continuing claims data, a proxy for hiring, covered the week that the government surveyed households for August's unemployment rate. Continuing claims fell between the July and August survey periods. The Fed last week raised its median forecast for the unemployment rate this year to 3.8% from its previous projection of 3.7% in June. Gross domestic product fell at an unrevised 0.6% annualized rate last quarter, the government said in its third estimate of GDP.

☆ U.S. economic growth revised up; gap between GDP and GDI narrows sharply
▼ + stars: | 2022-09-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The economy contracted 2.8% in 2020, revised up from the previously published 3.4% decline. Revisions showed GDI rebounding 5.5% in 2021, revised down from the previously published 7.3%. The gap between GDI and GDP, also known as the statistical discrepancy, is the sum of measurement errors in estimating the respective components of GDP and GDI. SUBSIDIES A CHALLENGEWith GDP revised higher and GDI lower, the statistical discrepancy narrowed to -0.6% of GDP in 2021. Overall, the GDP revisions to data from the fourth quarter of 2016 through the fourth quarter of 2021 did not change the economic picture.

☆ В Молдове стартуют продажи нового Hyundai Kona Hybrid
▼ + stars: | 2021-04-06 | by ( ) newsmaker.md time to read: +4 min

Kомпания Hyundai Motor представила недавно усовершенствованный субкомпактный внедорожник KONA Hybrid, который уже есть и на рынке Молдовы. с автоматической роботизированной 6-ступенчатой коробкой передач с двойным сцеплением (6DCT)Изысканный и обтекаемый дизайн новой KONA HybridБлагодаря смелому и прогрессивному дизайну автомобиля, который готов к любым приключениям, Hyundai KONA Hybrid стала своего рода иконой в своем сегменте. В стандартную комплектацию KONA Hybrid входят аудиосистема с экраном, увеличенным с семи до восьми дюймов, а также DAB радио. На новый Hyundai KONA Hybrid распространяется гарантия на выбор: 5 лет или 100 000 км пробега, или же 4 года без ограничения пробега. С более подробной информацией о новом Hyundai KONA Hybrid можно ознакомиться на сайте официального дистрибьютора автомобилей Hyundai в Молдове.

Locations: Молдова

Microsoft a lansat noi actualizări de securitate ale lunii ianuarie 2021. Au fost depistate 10 vulnerabilități ca fiind criticeMicrosoft a emis o nouă serie de actualizări pentru luna ianuarie 2021 care abordează un număr de 83 de vulnerabilități de securitate ce afectează diferite versiuni ale sistemului de operare Windows și ale software-ului aferent acestuia. Din totalul de 83 de vulnerabilități de securitate fixate, 10 sunt clasificate ca fiind critice și 73 – importante, informează Serviciul Tehnologia Informației și Securitate Cibernetică. Alte vulnerabilități remediate de Microsoft includ defecte de corupere a memoriei în browser-ul Microsoft Edge, o eroare a caracteristicii de securitate de bază pentru Windows Desktop Protocol, de asemenea o eroare de creștere a privilegiilor în API-ul GDI Print/Pnt Spooler (sptwow64.exe). Toate detaliile despre actualizările de securitate din această lună, care includ detaliile tehnice privind severitatea, impactul și descrierea acestora pot fi accesate aici.

Persons: Edge Organizations: Microsoft, Windows, Microsoft Office, NET Core, Securitate Cibernetică Locations: ChakraCore

Plug-in-ul optează pentru acelaşi benzinar turbo 1.6 T-GDI cu 4 cilindri, însă tradiţional pentru asemenea versiuni, are o baterie cu o capacitate mai mare şi promite o autonomie extinsă în regim electric. Motorul electric, la rândul lui, este mai puternic şi dezvoltă 91 CP şi 304 Nm, iar în tandem cu motorul termic sistemul generează un maxim de 265 CP şi 350 Nm. Tucson PHEV are la bază o baterie de 13.8 kWh (varianta hibridă clasică — doar 1.49 kWh). Conform standardului de calcul WLTP crossover-ul hibrid poate parcurge până la 50 km în regim 100% electric. Lansarea comercială a motorizării de top pe pieţele europene va avea loc în primăvara anului viitor.

Locations: Tucson

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