Market Overview - Page 172

An unheralded corner of London’s property market is suggesting the capital has lost a big portion of its young professionals and lower-paid workers since the start of the pandemic. Those trends help explain why rents have been falling for whole.

Oil prices rose on Thursday, on track to hit six-week highs as strong U.S. economic data, a weak dollar and an expected recovery in demand outweighed concerns about rising output and the impact of higher COVID-19 cases in Brazil and.

China’s factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum. The official manufacturing Purchasing Manager’s Index (PMI) fell to 51.1 in April from.

Amazon shares climbed more than 3% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue. Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv: Earnings: $15.79.

Chinese electric car start-up Nio said Friday it expects a global chip shortage will drag down vehicle deliveries in the second quarter. A fire in March at a Japanese chip factory owned by Renesas has exacerbated an existing shortfall in.

The preliminary estimate indicated an annualised growth rate of 6.4% for the US economy in the previous quarter. These figures marked an acceleration from the last quarter (4.3%) but a bit worse than the average expectation of 6.8%. With the.

Powell’s speech yesterday and the FOMC’s official post-meeting commentary suppressed speculations of early QE tapering and rate hikes. The Fed chairman focused on fragile economic recovery and reiterated the transitional nature of rising inflation based on a low base effect..

President Joe Biden will unveil on Wednesday a sweeping $1.8 trillion plan to expand educational opportunities and child care for families, funded in part by the largest tax increases on wealthy Americans in decades — the centerpiece of his first.

Chinese tech giant Huawei said Wednesday that its revenues dropped sharply in the first quarter as U.S. sanctions took a toll on its business. Huawei’s revenues fell 16.5% year-on-year to 152.2 billion Chinese yuan ($23.5 billion) in the three months.

India reported a record daily death toll on Wednesday as total Covid-19 fatalities crossed the 200,000 mark. Government data showed at least 3,293 people died over a 24-hour period. Overall cases also rose by a record 360,960 reported infections, marking.

U.S. equities were mixed as investors parsed the latest batch of corporate earnings reports and awaited clues on the timing of stimulus tapering by the Federal Reserve. The S&P 500 was little changed while the Nasdaq 100 fell after the.

The US trade deficit continues to widen. Preliminary merchandise trade figures for March show a record excess of imports over exports of 90.6 billion. By the level of March 2020, imports increased by 20% or $39 billion. During the same.