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Top related persons:
Sheila McGee - 1 Michael Swensen - 1 BRANDON PIZZURRO - 1 DANIEL IVES - 1 Ford - 1 ARTHUR WHEATON - 1 TODD VACHON - 1 Ankika Biswas - 1
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Louisville , Kentucky U.S Bengaluru
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Ford - 1 UAW - 1 REUTERS - 1 United Auto Workers - 1 General Motors Co - 1 Ford Motor - 1 GM - 1 Motors - 1

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6 mentions found


☆ VIEW UAW expands strikes against GM, Stellantis
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +3 min
The escalation comes as the labor group and the automakers remain apart on terms of a new contract covering 146,000 workers. DANIEL IVES, ANALYST AT WEDBUSH SECURITIES:"This becomes a full on tidal wave of strikes for GM and Stellantis. "This is like union 101 in terms of divide and conquer and put more pressure on GM and Stellantis. "I think GM and Stellantis are going to fight this. But I am less confident Stellantis can work it out because they are by far the worst of the three with labor relations."
Persons: Sheila McGee, Michael Swensen, BRANDON PIZZURRO, DANIEL IVES, Ford, ARTHUR WHEATON, TODD VACHON, Ankika Biswas, Peter Henderson, Bianca Flowers, Anil D'Silva Organizations: Ford, UAW, REUTERS, United Auto Workers, General Motors Co, Ford Motor, GM, Motors, RUTGERS, Thomson Locations: Louisville , Kentucky, U.S, Bengaluru
☆ Wall St set to open higher as inflation data boosts softer Fed policy hopes
  + stars: | 2023-03-31 | by ( Amruta Khandekar Ankika Biswas | Amruta Khandekar | Ankika Biswas | ) www.reuters.com   time to read: +3 min
SummarySummary Companies February PCE growth slowsVirgin Orbit announces layoff plans, shares tankFutures up: Dow 0.37%, S&P 0.28%, Nasdaq 0.14%March 31 (Reuters) - Wall Street's main indexes were set to open higher on Friday after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. Traders' bets of a 25-basis-point rate hike in May stand at 55.5%, with odds of a pause at 44.5%, according to CME Group's Fedwatch tool. "But in terms of the Fed's calculus, they'll have to have more confirmation that disinflation is really taking hold beyond just a few data points here and there." U.S. 10-year Treasury yields fell to a session low of 3.534% after the data. The KBW Regional banking index (.KRX) and the S&P 500 banks index (.SPXBK), which houses major banks, have lost 19% and 14%, respectively, so far during the quarter.
☆ Instant View: US Feb PCE price index shows inflation keeps cooling
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +4 min
The personal consumption expenditures (PCE) price index increased 0.3% last month after accelerating 0.6% in January. In the 12 months through February, the PCE price index advanced 5.0% after rising 5.3% in January. Excluding food and energy, the PCE price index climbed 0.3% after increasing 0.5% in January. The core PCE price index rose 4.6% year-on-year after gaining 4.7% in January. There is some structural inflation that's coming down as well so that's good news and that's going in the right direction."
☆ Wall St gains as Best Buy calms fears of dull holiday season
  + stars: | 2022-11-22 | by ( Ankika Biswas Shreyashi Sanyal | Ankika Biswas | Shreyashi Sanyal | ) www.reuters.com   time to read: +3 min
Best Buy Co Inc (BBY.N) jumped 12.4%, leading gains on S&P 500 (.SPX) index, after forecasting a smaller drop in annual sales than previously estimated, confident that a ramp up in deals and discounts will lure more customers. "People are hopeful that consumers can still squeeze out a strong holiday season despite the headwinds they're facing," said Brandon Pizzurro, director of public investments at GuideStone Capital Management. "It would be an upside surprise if consumers really brought their full wallet to the table this year, probably what's driving Best Buy movement today." Gains in Best Buy boosted the S&P 500 retail (.SPXRT) sector index, but a 9.4% fall in Dollar Tree Inc (DLTR.O) capped the upside as the discount retailer lowered its annual profit forecast for the second time. Energy (.SPNY) led gains among the 11 major S&P 500 sector indexes, up 3.0%, as oil prices rose after top exporter Saudi Arabia said OPEC+ stuck with output cuts.
☆ S&P 500, Nasdaq slip as Fed rate hike worries gain ground
  + stars: | 2022-11-18 | by ( Ankika Biswas Amruta Khandekar | Ankika Biswas | Amruta Khandekar | ) www.reuters.com   time to read: +3 min
Traders' bets of a 75-bps rate hike in December have gone up to 24.2% from 19.4% the previous week, according to the CME Group's FedWatch tool. The benchmark S&P 500 (.SPX) and the Nasdaq (.IXIC) have lost 17% and nearly 29%, respectively, so far this year on worries that the aggressive rate hikes could push the economy into a recession. Among S&P 500 sectors, defensive stocks advanced on Friday, with utilities (.SPLRCU) and health (.SPXHC) rising 1.5% and 0.9%, respectively, and in the lead. Advancing issues outnumbered decliners by a 1.19-to-1 ratio on the NYSE and for a 1.01-to-1 ratio on the Nasdaq. The S&P index recorded seven new 52-week highs and two new lows, while the Nasdaq recorded 45 new highs and 96 new lows.
☆ Wall St deep in bear market as S&P 500 hits new two-year low
  + stars: | 2022-09-27 | by ( Shreyashi Sanyal Ankika Biswas | Shreyashi Sanyal | Ankika Biswas | ) www.reuters.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 27, 2022. Most S&P 500 sector indexes turned lower, with the energy sector (.SPNY) clinging to gains of 1.19%. Analysts have cut their S&P 500 earnings expectations for the third and fourth quarters and for the full year. For the third quarter, profit for S&P 500 companies are seen rising just 4.6% year-over-year compared with the 11.1% growth expected at the start of July. The S&P index recorded no new 52-week high and 113 new lows, while the Nasdaq recorded 24 new highs and 323 new lows.
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