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Top related persons:
Russell Hutchinson - 4 Ally - 3 — - 2 Carey Kaufman - 1 Ted Vasos - 1 Vasos - 1 David Bellinger - 1 Ryan Grimsland - 1
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U.S New York Alibaba — China Hong Kong Shanghai Shenzhen
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Service - 2 Federal Reserve - 2 Ally - 2 Walmart - 1 Costco - 1 Business - 1 Jefferies - 1 Goldman - 1

Search resuls for: "Russell Hutchinson"


4 mentions found


☆ Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
  + stars: | 2024-09-14 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +5 min
AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."
Persons: —, Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S
☆ Top economist Ed Hyman no longer sees recession coming, flips GDP forecast to positive
  + stars: | 2024-09-13 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Economists Ed Hyman is backing off his call for a hard landing, even though he still sees the potential for a recession ahead. "History and experience say to stick with a hard landing outlook," he said in a client note Thursday. "However, the hard math that our team has reviewed says flip to a soft landing outlook. "In our view, arguments for a hard landing are still persuasive," Hyman wrote. "So this flip could be a mistake," Hyman wrote.
Persons: Ed Hyman, Hyman, Ally, Russell Hutchinson, it's Organizations: ISI, Atlanta Federal Reserve, JPMorgan Chase, Federal Reserve Locations: New York
☆ Ally Financial plunges 19% after CFO says its borrowers are struggling
  + stars: | 2024-09-10 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Ally Financial shares dropped 19% Tuesday after its CFO warned of weaker financial health among borrowers. Ally Financial, a major auto lender, expects rising delinquency rates going forward. AdvertisementShares of Ally Financial plunged as much as 19% on Tuesday after the company's CFO said it is seeing a deterioration in the financial health of its consumers. He added: "We're clearly dealing with a cohort of borrowers who have been struggling with cost of living and now are struggling with an employment picture that's worsened." Overall, Ally Financial's comments are not encouraging for the consumer picture, but Ally Financial is known for catering to borrowers with credit scores in the lower to middle ranges.
Persons: —, Ally, Russell Hutchinson, Hutchinson, " Hutchinson, Ally Financial's, Sanjay Sakhrani, Ally's, Sakhrani Organizations: Financial, Ally, Service, Barclays
☆ Stocks making the biggest moves midday: Ally Financial, Southwest Airlines, Oracle and more
  + stars: | 2024-09-10 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
Mission Produce , Calavo Growers — Shares gained 20% after the avocado producer reported a year-over-year revenue increase of 24% for the fiscal third quarter. Calavo Growers advanced around 12% after the rival producer reported adjusted earnings of 57 cents per share in its fiscal third quarter. That is more than the 43 cents per share that analysts were expecting, according to FactSet. Oracle — Shares of the database software company surged more than 11% after a fiscal first-quarter beat on the top and bottom lines. For the fiscal second quarter, the company saw growth of 4% in preliminary consolidated same-store sales.
Persons: Russell Hutchinson, LSEG, Piper Sandler, Hewlett Packard, Rubrik, FactSet, Patterson, Gary Kelly, Bob Jordan, Alibaba, Daniel Pinto, — CNBC's Brian Evans, Samantha Subin, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Ally, Mission, Calavo, Calavo Growers, Oracle —, Oracle, Amazon Web Services, Hewlett Packard Enterprise, Hewlett, Juniper Networks, UTI, Southwest Airlines —, Elliott Investment Management, Hong, Reuters, JPMorgan Locations: U.S, Alibaba —, China, Hong Kong, Shanghai, Shenzhen
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