Over the past few weeks investors have been squarely focused on inflation and Fed policy, but now market reactions are getting bigger for earnings and smaller for economic data. What’s happening: “We expect earnings to take the center stage going forward,” wrote Bank of America strategists Savita Subramanian and Ohsung Kwon in a note on Friday.
Over the past few weeks, reported FactSet, earnings expectations for the first and second quarters of 2023 switched from year-over-year growth to year-over-year declines. The latest: JPMorgan beat estimates for fourth-quarter revenue but also increased the amount of money for expected defaults on loans. The bank added a $2.3 billion provision for credit losses in the quarter, a 49% increase from the third quarter.
not with a weaker currency in other coutries
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Tim Cook agrees to a massive pay cut | CNN BusinessThe world’s largest tech company said it would reduce Cook’s target pay package to $49 million, 40% lower than his target pay for 2022 and about half Cook’s $99.4 million total compensation that he was granted last year So, a pay cut from an insane amount of money to .... an insane amount of money then. He won't even notice. Oh no! Tim's gonna have to start couponing! Good. All Apple products are now 1/2 price!
Baca lebih lajut »
Inside Facebook's high-stakes debate to reinstate Trump after a two-year ban | CNN BusinessFacebook-parent Meta is preparing to announce one of the most consequential decisions in the company's history, a landmark move that will set a precedent for online speech and could affect the course of the 2024 US presidential election.
Baca lebih lajut »
See huge former NBA player win small car on game show | CNN BusinessWatch former NBA vet go nuts on 'The Price is Right' ... but can he fit into what he won? CNN's Jeanne Moos reports. aha! 😂 too funny! Former vet? So a current player Hard-hitting stuff, CNN! 🤣🤡
Baca lebih lajut »