NEW YORK - Investors are preparing for more cautious capital investment outlooks from U.S. companies as worries mount heading into earnings season about the possibility of an economic recession.
Capital expenditures are expected to have increased just 3.0% in the third quarter from a year ago, which would be the lowest since the second quarter of 2017, when capex declined slightly, according to data based on analysts’ estimates compiled by Refinitiv’s research senior manager, David Aurelio. The reporting period begins with big banks including JPMorgan Chase and others reporting on Oct. 15.
Upbeat jobs data offered some relief for investors on Friday, but it came on the heels of a report this week showing manufacturing activity plunged to a more than 10-year trough in September. Other data showed U.S. services sector activity slowed to a three-year low in September.
The same people who told you all is well in 2008. Buy gold the economy is crashing!
I love how Trump says over & over that this is the greatest economy in history and yet we have to have the Fed cutting rates again because of really anemic job growth...much lower monthly average job growth than Obama's last 33 months: 190k versus 226k.
What happened to ? Just another liberal propaganda shitrag....rooting for recession in hopes of getting Trump. Put any one of those idiots in the Dem clown car in charge, and watch the economy flush down the toilet. The ignorance of the left is stunning.
TELL BIG MOUTH KNOW IT ALL MEGHAN MCCAIN.... SHE THINK IT'S A LEFT THING!. COW-BOY UN PATRIOTIC
7.2 million unfilled jobs. Greatest job market ever!
GopTaxScam ImpeachTheMFTraitor
We are trump zombies
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Source: CNBC - 🏆 12. / 72 Read more »