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Two trends propping up economic growth in Britain have suddenly reversed as more consumers realise the damage from Brexit is permanent, not transient
Reuters / Arnd Wiegmann The UK savings rate suddenly looks like it is going to go up. That's because Brits are not taking on new debts. Credit Suisse argues that consumers were willing to tolera.....»»
The Brexit vote has already wiped £440 million a week from Britain"s economy
Getty Britain's economy is 2.1% smaller than if it had voted to stay in the EU, according to new research. Higher levels of borrowing as a result of foregone growth mean the UK government is having to borrow an addition.....»»
Global Interest Rates are on the Rise
The Bank of England hiked interest rates Thursday by a quarter-point to 0.75 percent to help tame high inflation, and upgraded its 2019 economic growth forecast despite Brexit fears. The British central .....»»
German slashes growth forecast on trade fears
The German government has cut its forecasts for growth this year and next in Europe's largest economy and sees an escalation in the global trade dispute as the main risk for the future. Thuy Ong reports.....»»
Wall St. ends choppy day higher; tech helps, Brexit weighs
Wall Street ended Monday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth......»»
German industry views Brexit, Trump as biggest risks to economy
Germany's leading industry groups said on Wednesday that Britain's departure from the European Union and trade disputes triggered by U.S. President Donald Trump's 'America First' policies were posing the biggest risks to growth and prosperity......»»
Goldman Slashes US Growth Forecast, Now Sees Just 1.2 Rate Hikes In 2019
It was just three weeks ago that Goldman, having long held a painstakingly upbeat outlook on the US economy .....»»
Goldman Sachs Slashes 2019 GDP Growth Forecast To 2.0%
Goldman Sachs Slashes 2019 GDP Growth Forecast To 2.0%.....»»
GBP/USD Forecast: Sterling Back To The Old Range As Global Worries Bite Amid Brexit Stalemate
The GBP/USD is trading little changed on the downside as global growth worries favor safe-haven greenback. The UK Prime Minister Theresa May failed to deliver a new strategy and a Plan B for Brexit deal while speaking in parliament. read more.....»»
GBP/USD Forecast: Sterling Back To The Old Range As Global Worries Bite Amid Brexit Stalemate
The GBP/USD is trading little changed on the downside as global growth worries favor safe-haven greenback. The UK Prime Minister Theresa May failed to deliver a new strategy and a Plan B for Brexit d.....»»
Pound Tumbles After BOE Slashes GDP Forecast, Warns Of Rising Brexit Damage
Pound Tumbles After BOE Slashes GDP Forecast, Warns Of Rising Brexit Damage.....»»
BOE sees weakest UK outlook since 2009 on Brexit, global slowdown
The Bank of England said Britain faced its weakest economic growth in 10 years in 2019, blaming mounting Brexit uncertainty and the global slowdown. David Pollard reports......»»
Atlanta Fed slashes U.S. 4th-quarter GDP forecast to 1.5% from 2.7%
The U.S. economy's estimated growth rate in the fourth quarter was slashed to 1.5% from 2.7% by the Atlanta Federal Reserve after declines in retail sales and inventories. The Atlanta Fed was not alone - many Wall Street firms also cut t.....»»
Adidas reports decline in American sales, but growth in footwear, DTC
Adidas previously forecast flat revenue to start the fiscal year, but now has raised its full-year guidance......»»
Gene Munster Applauds Sundar Pichai"s $100B Revenue Projection For Google Parent Alphabet: A Sign Of "Entering A New Growth Phase"
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai has projected that the company’s YouTube and Cloud businesses will generate a combined revenue of $100 billion by 2024. What Happened: The forecast was made.....»»
The US economy started the year much slower than expected
The US economy began 2024 with cooler growth than the forecast. In the first quarter of this year, real GDP rose at an annualized rate of 1.6%. Allen J.....»»
Boston Scientific Lifts 2024 Profit Forecast On Strong Growth From Cardiovascular Devices, Stock Soars
Boston Scientific Corporation (NYSE:BSX) shares are trading higher on Wednesday after the company reported better-than-expe.....»»
Humana Boosts Medicare Advantage Membership 2024 Forecast As Q1 Earnings Performance Exceeds Expectations
Humana reports Q1 adjusted EPS of $7.23, surpassing expectations. Revenues rise to $29.33 billion driven by Medicare premiums and Advantage membership growth. Guidance reaffirms confidence in future earnings. read more.....»»
Tesla Slashes Model S, X And Y Prices In US By $2,000 In Late-Friday Move As Volume Growth Turns Negative
Tesla's desperation in turning things around has forced it to take to a strategy that has so far misfired. read more.....»»
The world"s largest chipmaker just issued a warning that the industry"s red-hot growth could slow
TSMC's trimmed forecast shows that the chip industry is still in recovery mode, and that demand is slowing. VCG/VCG via Getty Images TSMC sees growth in the microchip industry slowing to 10%, it said in a post-earnings call. The dimmed out.....»»