UK government borrowing in October tops forecasts at £17.4bn | Government borrowing
The British government borrowed more than expected in October as debt interest payments pushed the budget deeper into deficit and increased pressure on Rachel Reeves to boost economic growth. Borrowings rose to £17.4bn last month, the second highest October figure since monthly recording began in 1993. City economists had expected October's figure to be lower […]
Goldman Sachs forecasts S&P 500 returns of just 3% over next decade
Goldman Sachs Group strategists said on Monday that U.S. stocks are unlikely to continue to outperform their averages over the next 10 years as investors put their money into other assets, a move that would put the S&P 500's highest He said this signaled the end of the return. The benchmark index, which has soared […]
US economy added 254K jobs last month — blowing past forecasts
Last month's economic growth brought in a whopping 254,000 jobs. That beat previous expectations for a modest rise and dampened Wall Street's hopes for another big rate cut by the Federal Reserve next month. The Labor Department also reported that the unemployment rate fell to 4.1%, down from 4.2% the previous month. According to consensus […]
Australia revises down commodity revenue forecasts as prices trend lower By Reuters – Investing.com
lewis jackson SYDNEY (Reuters) – Australia slightly cut its forecast for resources and energy export earnings on Monday, as a broad-based decline in commodity prices and a strong currency continue to weigh on a key source of government revenue. Australia now expects its primary products export revenues to fall by around 10% to A$372 billion […]
Analysts Who Correctly Predicted Bitcoin March ATH Forecasts What Happens Next – TradingView
Analysts at 10xResearch, who accurately predicted Bitcoin prices would rise to all-time highs earlier this year, have turned bullish again. In a recent report by Markus Thielen, head of research at 10xResearch, analysts point to a number of factors that have contributed to the bullish turn in BTC price. As before, this is a development […]
Bill Gates forecasts another global pandemic ‘likely’ within next 25 years in ominous health warning
Microsoft CEO Bill Gates has warned that even if the world avoids war or a new global pandemic, there is a very real chance of the latter happening within the next 25 years. He told CNBC's “Make It” that “a lot of anxiety” in today's world could lead to a major war. “If we avoid […]
Dollar Tree stock falls 20% after cutting forecasts
Shares of discount retailer Dollar Tree plunged more than 20% on Wednesday after the company missed quarterly expectations and sharply cut its full-year forecast, another sign that inflation-weary consumers are cutting back on spending. “Macroeconomic austerity policies are causing customers to spend more on (low-margin essentials) while reducing spending on discretionary items,” Dollar Tree CFO […]
Nate Silver says FiveThirtyEight suspended forecasts to help Kamala Harris
Election expert Nate Silver has slammed FiveThirtyEight for stopping its presidential election predictions, offering the “theory” that the website he founded is waiting for Vice President Kamala Harris’ poll numbers to improve. Silver, a statistician and data journalist who rose to fame by accurately predicting the outcome of the 2008 presidential election, blasted the ABC-owned […]
Election Model Forecasts Donald Trump Heavily Favored to Defeat Kamala Harris
So much for the mainstream media hype around Democratic presidential candidate and Vice President Kamala Harris: Scientific models released on Tuesday indicate that Republican presidential candidate and former President Donald Trump has a very good chance of winning the election. Statistician Nate Silver’s model, which combines polls and other data to predict which candidate will […]
Microsoft beats revenue forecasts but poor performance of cloud services drags share price | Microsoft
Microsoft beat analysts’ expectations in its latest quarterly earnings report, reporting a 15% increase in revenue year over year on Tuesday. But growth in the company’s flagship cloud-computing service, Azure, fell short of expectations, sending Microsoft shares down as much as 7% in after-hours trading. The company was expected to report solid growth in its […]