GDP

Stocks climbed last week with the S&P 500 rising 1.0% to close at 4,582.23. The index is now up 19.3% year to date, up 28.1% from its October 12 closing low of 3,577.03, and down 4.5% from its January 3, 2022 record closing high of 4,796.56. The market rallied as we were reminded not to...

Fundamentals and technicals ARE in alignment despite all the bears. You know we've been bulls all year after being bears last year. A subscriber tapped me on the shoulder with this one... Uh Chaim.... GDP Now has launched. You can find ChaimGPT's automatic response on the chart. Training...

The American economy expanded at an annualized rate of 2.4% in the second quarter of 2023, according to the advance estimates released Thursday by the U.S. Bureau of Economic Analysis. The figure marked sequential growth from the previous quarter’s GDP reading of 2% and sharply outpaced...

New economic data, released on Thursday, point to continued labor strength and stronger-than-expected economic growth last quarter.Weekly unemployment benefits fell more than expected, from 265,000 to 239,000, well below the consensus figure of 265,000 and indicating a persistent trend of...

Delivery and logistics company FedEx Corp (NYSE: FDX) is set to report fourth-quarter financial results after market close Tuesday. Here’s a look at the key expectations from analysts and why the company’s earnings report could be a bellwether for the overall economy. Earnings...

The U.S. job market continues to display strength and durability, while both the U.S. economy and intrinsic inflation pressures experienced a greater surge than initially projected in the previous quarter. The number of Americans registering for unemployment benefits in the week...

The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, as per a study by Meta Platforms Inc (NASDAQ: META). The report predicts metaverse's use in the defense, medical and manufacturing sectors, plus entertainment uses...

Despite increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment, the U.S. gross domestic product (GDP) only grew at a 1.1% annualized pace in the first quarter of 2023, falling short of the market's expected...

The U.S. gross domestic product (GDP) increased at a 1.1% annualized pace in the first quarter of 2023, well below analyst expectations of 2% growth, according to advance estimates released Thursday by the Bureau of Economic Analysis. Markets were volatile after the release, with...

On Thursday, the U.S. Bureau of Economic Analysis will announce its preliminary estimates of the first-quarter gross domestic product.  The consensus among economists forecasts an annualized quarterly growth rate of 2% for the first three months of 2023. In the last quarter of 2022,...

The Chinese economy sprang back to life in the first quarter, shortly after the country let down its guard on the "zero-COVID-19" policy.  On Way To Trend-Like Growth: The Chinese economy grew by 4.5% year-over-year in the first quarter of 2023, according to preliminary estimates released by...

The SPDR S&P 500 (NYSE: SPY) has been trending lower this week as new data continues to suggest that a more hawkish Federal Reserve could be preparing to swoop in and stifle markets. The central bank's preferred inflation measure will drop Friday in what could be a...

The SPDR S&P 500 (NYSE: SPY) initially moved lower before reversing and turning positive after the Federal Reserve on Wednesday raised its benchmark rate by 0.25%, marking the central bank's second consecutive policy downshift. What To Know: Wednesday'...

China’s resilience came to the fore as the country reported fairly solid economic growth for the fourth quarter despite COVID-19 overhangs, but 2022 growth slowed notably and trailed official forecasts. Resilient Q4:  The Chinese economy expanded by 2.9% year-over-year in...

While the consensus may be that the U.S. is in a recession or likely to enter one in 2023, one Wall Street firm is pumping the brakes on this call for the new year. What Happened: Recession has become a word used more and more by financial experts and company CEOs during this period of...