Durable Goods Orders Jumped 9.2%, Crushing Expectations, Thanks To Airplane Demand
Long-term manufactured goods orders jumped in March, far surpassing expectations and built on previous profits, according to data released Thursday by the U.S. Census Bureau. New orders for durable products rose 9.2% to seasonally adjusted $315.7 billion after a 0.9% increase in February. Economists had predicted a more conservative 1.4% increase. This profit was driven […]
New Home Sales Jump Past Expectations, Underscoring Economic Resilience
Sales of new single-family homes surged in March, surpassing all economist forecasts, adding to a series of backstreet surprises in recent economic data. New home sales increased 7.4% from an annual rate of 724,000, according to the US Census Bureau and the Department of Housing and Urban Development. That figure not only won the consensus […]
‘The racism of low expectations’: Sunny Hostin says black people aren’t capable of getting IDs
Critics of voter ID who claim that minorities are banned from voting are not aware that whining about alienation is actually being promoted by racism, as it is too difficult to reach the DMV. Take “view’s” Sunny Hostine for example. In a recent interview, Hostin said: “Black people don’t have cars and don’t have driver […]
Americans lowering wage expectations for new jobs: NY Fed
Fox News contributor Gerry Baker discusses whether President Donald Trump’s tariffs will hinder Varney & Co’s tax reform. American workers have lowered expectations for wage rates that they want to take on new jobs, according to a survey by the Federal Reserve Bank of New York. A New York Fed survey on consumer expectations found […]
3M first-quarter earnings beat Wall Street expectations
Pacer ETFS distributor President Sean O’Hara discusses how President Donald Trump’s tariffs are affecting the market in “Morning with Maria.” US Industrial Conglomerate 3M Co. On Tuesday, Wall Street forecasts beat expectations for first quarter profits for cost-cutting, boosting the stock by 7% even if warned of a potential blow to 2025 revenues from trade […]
China beat growth expectations in Q1, but US tariffs cloud outlook
Rep. Warren Davidson of R-Ohio has evaluated President Donald Trump’s customs policy and shares the administration’s ongoing battle with federal judges on the “final line.” China has beaten expectations of first quarter economic growth, but the remaining prospects for 2025 remain dim as Beijing’s orthotics due to the impact of heavy US tariffs. The latest […]
NY Fed’s survey shows American labor market expectations at a post-pandemic low
Certified Public Accountant, Market Analyst and Author Dan Gertude talks about navigating uncertain markets and last-minute tax tips ahead of the IRS deadline. The Federal Reserve Bank of New York released its latest survey on consumer expectations on Monday. This found that Americans’ labor market expectations have fallen to the lowest levels since the Covid-19 […]
BlackRock Bitcoin ETP ‘key’ for EU adoption despite low inflow expectations – Cointelegraph
BlackRock's new European Bitcoin Exchange Trade Product (ETP) is a key step in the institutional adoption of Bitcoin in Europe, although analysts expect lower inflows than their US counterparts. iShares Bitcoin ETP, managed by the world's largest asset manager, began trading on March 25th at Xetra, Euronext Amsterdam and Euronext Paris. Bitfinex analysts said that […]
U.S. Durable Goods Orders Surge Well Above Expectations in February
Durable goods orders rose 0.9% to $289.3 billion, according to a Commerce Department report released Wednesday. Economists had predicted a 1.0% decline, but instead, companies continued to invest heavily in large ticket items, especially in cars, computers and machines. Even excluding volatile transport due to large aircraft orders, new orders are up 0.7%, exceeding 0.3% […]
Juan Soto-led Mets not running away from sky-high expectations
Houston – Waiting is just over. After the Mets delighted fans with an unexpected run the NLCS a year ago, they only raised expectations following the offseason when they signed the biggest contract in MLB history, beating the Yankees in the process, appearing to be one of the serious threats to the National League Dodgers. […]