Federal Reserve Governor Christopher Waller recently made comments suggesting that he believes further interest rate increases may not be necessary due to easing inflation. While Waller acknowledged that central bankers should never say never, he pointed to various data indicating that inflation is not accelerating. Impact of Fed’s Higher Rates Waller highlighted the impact of
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Macy’s recent fiscal first-quarter earnings report showed positive results, with earnings per share coming in at 27 cents adjusted versus the 15 cents expected by Wall Street analysts. Additionally, the retailer’s revenue of $4.85 billion was in line with expectations, pointing to early signs of momentum in its turnaround strategy. Despite this positive achievement, Macy’s
Despite a decrease in sales, Lowe’s managed to surpass Wall Street’s expectations for quarterly earnings and revenue. This is a positive sign for the home improvement retailer, especially considering the challenges faced by its competitors in the same industry. When comparing Lowe’s with Home Depot, it is evident that Lowe’s draws less of its business
China’s recent efforts to bolster its real estate market have been met with cautious optimism by analysts. While the government’s comprehensive policy measures are a step in the right direction, it will take time before significant stabilization is observed. Despite the initial surge in Hong Kong-listed property stocks following the announcement, the market still remains
When searching for a new home, it’s important to be aware that a significant portion of available properties are new builds. According to a recent report by Redfin, approximately 33.4% of single-family homes on the market in the first quarter were newly constructed, almost double the pre-pandemic levels. This surge in new construction has shifted
Red Lobster, the popular seafood chain, has recently filed for Chapter 11 bankruptcy protection in an effort to slim down its operations and facilitate a sale. The company disclosed that it has received a stalking horse bid from its existing lenders to acquire the business, although they are open to higher bids from potential buyers.
The recent market data has played a significant role in shaping Wall Street’s behavior. Despite softer retail sales and consumer price data for April, the major averages closed higher for the week. This paradoxical trend of bad news leading to good news on Wall Street has been driven by signals pointing to further disinflation. The
In the past year, media giants faced challenges in wooing advertisers during the Upfronts meeting week. Due to a Hollywood strike and cost-cutting measures affecting their content and star power, companies like Disney and Warner Bros. Discovery had to pivot towards emphasizing sports over scripted shows. This shift was particularly evident in this year’s presentations,
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The Chinese government has recently announced new measures to bolster the real estate sector, particularly aimed at supporting state-owned enterprises (SOEs) in purchasing unsold apartments. This initiative is intended to provide more funding for developers to complete construction on pre-sold properties. People’s Bank of China Deputy Governor Tao Ling revealed that the central bank would