Updated at 6:25 am EST Home Depot (HD) posted better-than-expected second quarter earnings Tuesday, while reiterating its full-year profit forecast, as the retailer saw an unexpected surge in home i...
Tag: forecasts
US Inflation Forecasts Marked Higher for 2023, Survey Shows
(Bloomberg) — Economists boosted their inflation estimates for each quarter in 2023, a potentially worrying sign for Federal Reserve policy makers trying to keep price expectations anchored. Mos...
I Don’t Mean to Be Crude, but Those Bullish Oil Forecasts Are Bull
Brent crude has dropped from its highs of $135 a barrel on the spot market back in March as Russia invaded Ukraine and is trading now at $95 a barrel, struggling to hold on to any gains above $100 a b...
Degrain(DGRN) Receives Positive Forecasts While Shiba Inu (SHIBA) and Algorand (ALGO) Decline
With the crypto ecosystem suffering from the bear market, many investors are now more careful and this has greatly affected the following many projects in the past. Shiba Inu (SHIBA) and Algorand (ALG...
Crypto Trader Says Bitcoin Flashing Bullish Signal, Updates Ethereum, Solana and Optimism Forecasts
A popular analyst is providing price target updates for four crypto assets as the markets try to end the week in positive territory. The pseudonymous trader known as Altcoin Sherpa tells his 180,800 T...
Popular Crypto Trader Forecasts What’s Next for Bitcoin (BTC), ApeCoin (APE) and Two Ethereum-Based Altcoins
A widely followed crypto trader is sharing his outlook for Bitcoin (BTC), ApeCoin (APE) and two Ethereum (ETH)-based altcoins amid signs of potential recovery for the crypto market. As Bitcoin continu...
U.K. Central Bank Forecasts Recession This Year—Joining U.S. And Eurozone With Historic Rate Hike
Topline The Bank of England on Thursday predicted that the U.K. will fall into a recession in the final quarter of this year as it announced its steepest rate hike in nearly three decades, following s...
Top Crypto Analyst Forecasts Huge Bitcoin Rally, Details ‘Most Likely’ Scenario for BTC in Coming Months
A popular crypto strategist is predicting a surge in price for Bitcoin (BTC) as he maps out BTC’s possible trading range over the next few months. Pseudonymous analyst Kaleo tells his 527,900 Twitter ...
Bosch Says Auto Chip Bottlenecks Will Continue, As Some Forecasts Point To Early Relief
3d illustration of microchip over white background with car and binary code inside getty Bosch, Europe’s largest auto supplier, said it expects global bottlenecks because of a shortage of auto chips t...
Top Bloomberg Strategist Forecasts ‘Risk vs. Reward’ Reversal for Bitcoin and Crypto Markets
Senior Bloomberg analyst Mike McGlone is forecasting a risk vs reward reversal for Bitcoin (BTC) and the crypto markets. McGlone says BTC could either be one of the strongest rising markets ever durin...
Crypto Analyst Who Accurately Called Massive Bitcoin Collapse Forecasts Ethereum Rally, Updates Outlook on BTC
A crypto strategist who built his huge following with timely Bitcoin calls says he is expecting rallies for both BTC and Ethereum (ETH). Pseudonymous analyst Smart Contracter tells his 208,700 Twitter...
Nvidia Sees Crypto Mining Demand Cooling, Semiconductor Companies Slash Earnings Forecasts
The crypto bear market and declining demand for crypto mining chips have caused semiconductor companies to batten down the hatches. Bank of America analysts say that semiconductor downturns happen eve...
Crypto Analyst Predicts Massive Downside for Ethereum Rival Polkadot, Updates Forecasts for Cosmos and LooksRare
A widely followed crypto strategist says Ethereum (ETH) challenger Polkadot (DOT) could witness a massive 56% haircut from its current price level before finding some stability. Pseudonymous analyst A...
Tesla Analysts Slash EV Delivery Forecasts After Turbulent China Quarter
Elon Musk speaks during the opening of Tesla’s Giga Berlin plant near Gruenheide, Germany, on March 22. Getty Images Tesla began the second quarter on a tear after starting 2022 with its biggest...
Analyst Who Predicted Bitcoin Crash Far in Advance Forecasts Imminent Crypto Market Shift
The pseudonymous crypto analyst who predicted the current Bitcoin (BTC) bear market says digital assets will present excellent trading opportunities in the coming days. Crypto Capo tells his 406,500 T...
Another Major International Bank Forecasts Recession In The U.S.
Topline Japanese investment bank Nomura on Monday became the latest bank to predict an oncoming recession in the U.S. economy sometime later this year—joining the likes of Deutsche Bank and Morgan Sta...
Returning To The Same Issue: ASOS Downgrade Profit Forecasts
ASOS is the latest retailer to highlight the real pain point of high returns rates whilst warning of … [+] a hit to profits. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty ...
Fed sees inflation topping 5% in 2022 and then falling rapidly due to higher rates
The Federal Reserve on Wednesday predicted U.S. inflation would exceed 5% by the end of 2022 — much higher than its most recent forecasts — underscoring its more aggressive strategy in raising interes...
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A police patrol vehicle monitors the crowd along Shanghai’s iconic Bund on June 1. Lockdown … [+] restrictions have eased in much of the city this month but residents face stringent travel...
Larry Summers Says Fed Forecasts Look Ridiculous, Warns on Rate Delay
(Bloomberg) — Former Treasury Secretary Lawrence Summers said the Federal Reserve has failed to account for its mistakes and to realize the damage to its credibility after the latest inflation d...
Europe Car Sales Forecasts Slashed Again, But Global Supply Improvements Promise Relief
Containe ships, Shanghai getty As European short-term car sales forecasts are slashed again because of China and Russia, investors worry that by the time supply chain horrors have subsided, underlying...
Historic Rupee Low Forecasts Grow as Oil Costs Widen Deficits
(Bloomberg) — The worst is still to come for the Indian rupee after its slide in May to a historic low, according to analysts and forward markets. Most Read from Bloomberg The currency may drop ...
Stock Market Strengthens At Midday; ADP Jobs Report Misses Forecasts Badly
The stock market strengthened at midday as the Nasdaq composite jumped more than 1%. An estimate of job growth came in well below forecasts. X The S&P 500 reversed higher 0.7% while the Nasdaq com...
NOAA forecasts a busy Atlantic hurricane season for 7th straight year
Alonzo Lewis rescues items from his mother’s home after it was destroyed by Hurricane Ida on August 30, 2021 in Laplace, Louisiana. Ida made landfall August 29 as a category 4 storm southwest of...
Analyst Benjamin Cowen Forecasts Bitcoin Rally As BTC Follows 2018 Market Structure ‘Move for Move’
Bitcoin (BTC) is following a certain market structure from 2018 ‘move for move,’ according to crypto analyst Benjamin Cowen. In a new strategy session, Cowen tells his 744,000 YouTube followers that i...
Opinion: Snap’s warning of a weaker outlook sends ripples through tech stocks
An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback ...