Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "barometers"


6 mentions found


Trump's legal team is looking to move the New York criminal inquiry from Manhattan to Staten Island, per Bloomberg. Trump's team has not yet made a decision, as they're looking to review the indictment next week. Manhattan is one of the bluest jurisdictions in the country, while Staten Island leans Republican. Staten Island, also known as Richmond County, has long been the most conservative of New York City's five boroughs. In 2020, Trump won Staten Island by a 57% to 42% margin over Biden.
US stocks rose on Monday, bouncing back after the worst weekly sell-off of 2023. All three indexes ended the day higher, recovering some of the losses after the Federal Reserve's preferred inflation measure came in higher than expectations on Friday. Stubborn inflation is fueling the market's expectations for future rate hikes, which could continue to weight on stocks. Durable goods orders also declined 4.5% in January — a potential sign of economic weakness, as Americans are spending less on high-cost items. Investors are eyeing earnings reports this week from retail giants Target, Costco, and Macy's to serve as additional barometers of economic health.
ORLANDO, Fla., Jan 22 (Reuters) - A key part of the U.S. yield curve is the most inverted in decades and for hedge funds, enough is enough. It is the smallest net short since December 2021, and considering that short position exceeded 1 million contracts in early September, it is virtually neutral. Funds also increased their one-month SOFR net long position to over 67,000 contracts, the largest long since August. A short position is essentially a wager that an asset's price will fall, and a long position is a bet it will rise. Meanwhile, speculators increased their net short 10-year Treasuries futures position by 133,699 contracts, the biggest weekly shift since last October, to 545,000 contracts.
Rapid tests have always been second to polymerase chain reaction, or PCR, assays when it comes to accuracy. Home-test kits have expiration datesAt-home COVID-19 test kits are one of the more convenient inventions to come out of the pandemic. Over-the-counter test kits typically have a sticker on the box indicating an expiration date and manufacturing date. One study found that false positives showed up when unexpected substances were directly applied to test kits. That is if you use the rapid test correctly and wait at least three-to-five days since a COVID-19 exposure to swab yourself.
High interest rates, supply chain problems and recessionary fears were among the major challenges for the global automotive industry in 2022. Auto sales could still riseUnlike traditional downturns or past periods when demand was soft, most analysts expect global and U.S. auto sales to rise in 2023. Cox Automotive is forecasting U.S. new vehicle sales of 14.1 million in 2023, which Charlie Chesbrough, Cox's senior economist and senior director of industry insights, described as "tepidly optimistic." S&P Global Mobility expects new vehicle sales globally to reach nearly 83.6 million units in 2023, a 5.6% increase from the previous year. US consumers are hunkering down, and recovery towards pre-pandemic vehicle demand levels feels like a hard sell.
ZURICH, Nov 17 (Reuters) - German engineering and technology group Siemens (SIEGn.DE) posted a better-than-expected fourth-quarter profit for its industrial business on Thursday and said its factory hardware and software continued to witness strong demand. This made the maker of trains, and industrial software confident for the future, saying it expected revenues to grow by 6% to 9% during its 2023 fiscal year. "Strong demand continues for our hardware and software offerings, including higher than expected growth for our digital business revenue," Chief Executive Officer Roland Busch said. In the three months to Sept. 30, Siemens's industrial profit rose 38% to 3.16 billion euros ($3.28 billion), beating forecasts for 2.79 billion euros in a company-gathered consensus of analysts. Sales increased 18% to 20.57 billion euros - ahead of 19.13 billion euros forecast, while orders during the period rose to a better than expected 21.82 billion euros.
Total: 6