Mar 1, 2024 | Markets
University of Michigan preliminary and final readings diverged Consumers still think inflation is cooling, survey says US consumer sentiment faltered in late February as current views of the economy and the outlook deteriorated, marking a reversal from earlier in the...
Mar 1, 2024 | Markets
ISM factory index declined 1.3 points in February to 47.8 New orders, production and employment measures decreased A measure of US factory activity shrank at a faster pace in February as orders, production and employment contracted, suggesting manufacturing is...
Mar 1, 2024 | Markets
Errors with AI responses have contributed to stock weakness The problems have overshadowed its growth and lower valuation The only thing that matters to Alphabet Inc. investors is whether it can get artificial intelligence right. That was the message delivered this...
Mar 1, 2024 | Markets
Need some comfort on sustainability of earnings growth: Murthy GQG’s emerging markets fund had a 5.7% weighting in China The rebound in Chinese stocks is puzzling given the lack of support from earnings growth, according to an emerging markets fund manager at GQG...
Feb 29, 2024 | Markets
Fiscal concerns, stickier inflation poised to end premia era Higher term premium seen steepening US Treasury curve Pacific Investment Management Co. is warning that US fiscal profligacy threatens to drag the Treasury market back to 1980s, a time when bond vigilantes...
