Inflation and Bank Earnings in Focus This Week
First quarter earnings season will get underway this week with big banks reporting results on Friday, April 14, as investors turn their attention slightly away from Fed policy and towards the state of play in corporate America.
First quarter earnings season will get underway this week with big banks reporting results on Friday, April 14, as investors turn their attention slightly away from Fed policy and towards the state of play in corporate America.
Some of America's largest financial institutions will report results before the market open on Friday, including JPMorgan (JPM), Wells Fargo (WFC), Citi (C), and BlackRock (BLK). Also featuring on the weekly schedule will be Wednesday morning's inflation reading from the Consumer Price Index (CPI) and the monthly retail sales report out Friday morning.
The main event last week came with markets closed on Friday as the March jobs report showed hiring slowed in the U.S. economy last month, though likely not by enough to forestall another rate hike from the Federal Reserve next month.
Data from the U.S. Bureau of Labor Statistics showed there were 236,000 jobs added to the economy last month, while the unemployment rate fell to 3.5%.
India Will Upstage China to Become Most Populous Nation by Mid-2023
India is on track to surpass China by mid-2023 as the world’s most populous nation, United Nations data said Wednesday, raising questions about whether a booming, young Indian population will fuel economic growth for years to come.
Credit Crunch is coming for the U.S. that'll Tip the Economy into Recession, 'Dr. Doom' Economist Nouriel Roubini Warns
The U.S. is heading for a credit crunch that'll tip the economy into recession, according to “Dr Doom” economist Nouriel Roubini.
Bitcoin Crosses $30,000 for the First Time Since June 2022
Bitcoin (BTCUSD) has surged almost 9% so far this week and touched a 10-month high.
