economic
At the beginning of 2024, Citigroup chief US economist predicted in a CNBC interview that the USA would enter a recession in the middle of the year. With June around the corner, we round up our top 5 recession-proof stocks in May 2024: Regeneron Pharmaceuticals IncWaste Management IncThe Procter & Gamble CompanyWalmart1. Regeneron Pharmaceuticals IncTwo industries known to be resilient in challenging economic times are the pharmaceuticals and healthcare sectors. American biotechnology and big pharma company Regeneron does this better than most. For example, in the chaotic first days of FY 2020...
Invezz
Grocery prices are rising at more normal levels following last year’s record surge, as new figures today showed inflation for supermarket goods was just 2.4%. According to market research firm Kantar, grocery price inflation for the four weeks to 12 May is at its lowest since October 2021. This 2.4% rate of price increases, down from 2.9% in the previous four-week period, is now less than a percentage point away from the average pace in the 10 years before prices started to accelerate in 2021. Consumer behavior shifts with easing inflationFraser McKevitt, head of retail and consumer insight at...
Invezz
This morning, it was confirmed that Ebrahim Raisi, president of Iran, was killed in a helicopter accident over the weekend. On Sunday, Raisi and other important members of state were flying over the north-western Iran region, near neighboring country Azerbaijan in inclement, foggy weather with poor visibility. Communications were lost with the helicopter some hours before the crash was estimated to have taken place, while it was flying through the mountainous region. The news was first reported on by Iran’s The Islamic Republic News Agency, a state-owned media service. The IRNA classified the ...
Invezz
Two important pieces of evidence have been published, today and yesterday, adding weight to the case that the EU will begin interest rate cuts as soon as next month. Today, the European Commission published both its latest Euro-area GDP figures, and its Spring Economic Forecast, entitled ‘A gradual expansion amid high geopolitical risks’. European Commission’s forecastIn its forecast, the commission spoke on interest rates, saying that: Expectations for imminent and decisive rate cuts across the world have been pared back in recent weeks. In the euro area, where the European Central Bank last ...
Invezz
Recent proof has come out of Asia’s digital payments domination – in particular India’s – over developed nations traditionally associated with higher financial sophistication. According to Invezz.com, India is the single fastest-growing region for cashless transactions in 2023 and 2024, which cites a raft of recent research on this. Asia the world’s number one On May 10 Statista, citing recent research from the Capgemini Research Institute for Financial Services Analysis, showed how the Asia-Pacific region, led largely by India, will make more digital payments than Europe and North America com...
Invezz
S&P 500 is slated to open in green today after the U.S. Bureau of Labour Statistics said inflation was up in line with expectations in April. S&P 500 could hit $5,400 level in 2024Versus a year ago, the consumer price index (CPI) stood at 3.4% last month versus at 3.5% in March. The inflation data today may create more room for the U.S. Federal Reserve to begin cutting rates that is broadly expected to serve as a tailwind for the benchmark index. In fact, Sam Stovall of CFRA Research expects the S&P 500 to end this year at around the 5,415 level. On CNBC’s “Squawk Box”, he said last week: What...
Invezz
In a significant shift in trade policy, the White House confirmed on Tuesday that President Joe Biden has decided to impose higher tariffs on a range of Chinese goods, including electric vehicles, semiconductors, and minerals. This decision marks a major escalation in the trade tensions between the United States and China. Details of the new tariffsThe move is aimed at “protecting” American workers and businesses from China’s “unfair trade practices.” Under the plan, the tariff rate on electric vehicles imported from China will be doubled from 25% to 100% this year, following concerns about “e...
Invezz
Bank of England’s Chief Economist Huw Pill expressed on Tuesday that it might be “not unreasonable” for the central bank to start contemplating a reduction in interest rates over the summer if current economic trends continue. Pill’s comments came during his speech at the Institute of Chartered Accountants in England and Wales Regions’ Economic Summit, signaling a potentially significant shift in BoE’s monetary policy approach in the coming months. Progress on inflation but challenges remainDespite the optimistic outlook on interest rates, Pill emphasized that the Bank of England is still in t...
Invezz
This morning, the United Kingdom’s Office for National Statistics (ONS) released the country’s latest unemployment and employment figures. The period in question was undoubtedly an embattled one for the labour landscape. In March alone, the ONS estimated that 22,000 working days were lost because of labour disputes across the UK. Joblessness upFrom January to March 2024, the unemployment rate stood at 4.3%, up 0.3 percentage points year-on-year. This was up marginally from the 4.2% estimated for the quarter last month, and up significantly from the previous quarter’s amount of 3.8%. This comes...
Invezz
In a crucial pre-election speech delivered in London, UK Prime Minister Rishi Sunak made a stark comparison, suggesting the world is at its closest to nuclear war since the Cuban Missile Crisis. This comment comes as part of Sunak’s effort to underscore his leadership on national security, especially following significant losses in the recent local and regional elections where his Conservative Party fell behind Labour. Conservatives’ pledge for change and securitySunak promised transformative changes for the UK, stating that “more will change in the next five years than in the last thirty” sho...
Invezz
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら