(Bloomberg) — Investors in Chinese stocks are losing patience as a long-awaited earnings recovery fails to come through and a rally unravels. Most Read from Bloomberg Earnings estimates on key Chinese gauges have been slashed by the most in Asia this year as a deepening housing slump and sluggish retail sales hurt confidence. Stocks have […]
BARKER — Residents and officials are cautiously optimistic as the first steps are taken to develop a proposed “short sea” shipping corridor in the town of Somerset. The Hamilton-Oshawa Port Authority (HOPA) previously said it reached an agreement with the owner of the decommissioned Somerset Generation Station to build a new Lake Ontario shipping corridor […]
(Bloomberg) — The leader of South Africa’s main opposition Democratic Alliance said that investor optimism about it reaching a coalition deal with the ANC to form the next government isn’t misplaced and that it is open to talks that put the country’s interests first. Most Read from Bloomberg The African National Congress ceded its parliamentary […]
West Montgomery, where much of the city’s civil rights history took place, began crumbling with the construction of Interstate 65, which tore neighborhoods apart and destroyed homes and livelihoods. Now, the city of Montgomery is using $36.6 million in federal dollars to pump life into the Selma-to-Montgomery trail and parts of west Montgomery. And those […]
The outlook for the stock market’s most important driver just keeps getting better. S&P 500 (^GSPC) earnings grew 6% in the first quarter from a year ago, according to data from FactSet. When excluding dismal earnings from Bristol Myers-Squibb (BMY), the results were even better, with earnings growing 10%, per Bank of America. This comes […]
U.S. stock futures rose on Thursday, with all three major indexes poised to open at record highs amid optimism that inflation is cooling enough to see the Federal Reserve cut interest rates in the coming months. Futures for the Dow Jones Industrial Average advanced 35 points, or 0.1%, after the index rallied 349 points on […]
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(Bloomberg) — European stocks advanced on a busy day for company earnings with optimism growing that the Federal Reserve will start cutting interest rates this year. Most Read from Bloomberg The Stoxx 600 index rose 0.6% as UBS Group AG jumped more than 6% after it returned to profit and UniCredit SpA climbed on better-than-forecast […]
* Indexes extend gains from end of last week * Paramount Global up as bidders await word from special committee * Tyson Foods shares sink on worries over consumer demand * Spirit Airlines hits record closing low on weak revenue outlook * Indexes up: Dow 0.46%, S&P 1.03%, Nasdaq 1.19% (Adds closing prices) By David […]
May 5—ANDERSON — The graduates who stepped across the stage to receive their diplomas Saturday during Anderson University’s 106th commencement ceremony were challenged to take courage and optimism into a world filled with uncertainty and potential. Cheered on by friends and family, the 245 members of the Class of 2024 made the traditional walk from […]
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity contracted again in April, but manufacturers’ optimism climbed to the highest level in nearly two years as output and orders managed to post marginal growth, a private-sector survey showed on Thursday. The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P […]
President Biden and former President Donald Trump are no doubt delighted about clinching their parties’ 2024 nominations with primary victories in Georgia and elsewhere earlier this week. But the rest of the country? Not so much. Instead, the No. 1 feeling that comes to mind for Americans when thinking about a Biden-Trump rematch is “dread,” […]