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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.....»»

Category: topSource: businessinsiderMay 20th, 2018

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.....»»

Category: topSource: businessinsiderJun 22nd, 2018

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 .....»»

Category: topSource: livetradingnewsAug 2nd, 2018

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.....»»

Category: videoSource: reutersOct 11th, 2018

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......»»

Category: topSource: reutersDec 10th, 2018

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......»»

Category: topSource: reutersDec 26th, 2018

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 .....»»

Category: blogSource: zerohedgeDec 30th, 2018

Goldman Sachs Slashes 2019 GDP Growth Forecast To 2.0%

Goldman Sachs Slashes 2019 GDP Growth Forecast To 2.0%.....»»

Category: topSource: seekingalphaDec 31st, 2018

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.....»»

Category: blogSource: benzingaJan 22nd, 2019

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.....»»

Category: earningsSource: benzingaJan 22nd, 2019

Pound Tumbles After BOE Slashes GDP Forecast, Warns Of Rising Brexit Damage

Pound Tumbles After BOE Slashes GDP Forecast, Warns Of Rising Brexit Damage.....»»

Category: blogSource: zerohedgeFeb 7th, 2019

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......»»

Category: videoSource: reutersFeb 7th, 2019

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.....»»

Category: topSource: marketwatchFeb 14th, 2019

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......»»

Category: topSource: bizjournals16 hr. 36 min. ago

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.....»»

Category: earningsSource: benzingaApr 26th, 2024

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.....»»

Category: personnelSource: nytApr 25th, 2024

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.....»»

Category: earningsSource: benzingaApr 24th, 2024

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.....»»

Category: blogSource: benzingaApr 24th, 2024

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.....»»

Category: blogSource: benzingaApr 20th, 2024

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.....»»

Category: worldSource: nytApr 18th, 2024