April 17, 2023 United States: Morgan Stanley Strategist Sees US Stock Rally at Risk The rally in the S&P 500 has been driven by only a handful of stocks, putting the index at risk of fresh lows if bond yields rise, according to Morgan Stanley’s Michael Wilson — one of the most bearish voices
April 14, 2023 United States: Fed’s Waller Urges More Tightening With Inflation Far Too High Federal Reserve Governor Christopher Waller said he favored more monetary policy tightening to reduce persistently high inflation, although he said he was prepared to adjust his stance if needed if credit tightens more than expected. “Because financial conditions have
April 13, 2023 AMG Packaging Paper Company Limited (AMG) for the six months ended February 28, 2023: Turnover increased 3% to $500.82 million (2022: $486.81 million). For the quarter, turnover increased 14% to $246.54 million (2022: $216.81 million). Total manufacturing costs increased 1% to $355.49 million (2022: $351.83 million) due to a 2% decline
April 13, 2023 Paramount Trading (Jamaica) Limited (PTL) for the nine months ended February 28, 2023: Revenue increased 32% to $1.63 billion (2022: $1.23 billion). For the quarter, revenue declined 6% to $438.11 million (2022: $463.96 million). Direct expenses increased 30% to $1.09 billion (2022: $835.23 million) Consequently, gross profit increased 37% to $548.67
April 13, 2023 United States: US Producer Prices Fell in March by Most Since Start of Pandemic US producer prices fell in March by the most since the start of the pandemic, driven by a decline in gasoline costs that has helped slow inflationary pressures. The producer price index for final demand decreased 0.5%
April 12, 2023 United States: US Core CPI Jumps Again While Showing Some Hints of Moderating A key measure of US inflation remained brisk but showed hints of moderating in March, likely keeping the Federal Reserve on track to raise interest rates once more next month. The core consumer price index — which excludes
April 11, 2023 Revenue increased 58% to US$15.15 million (2022: US$9.61 million). For the quarter, revenue increased 73% to US$6.04 million (2022: US$3.48 million). Management noted that this is the highest quarterly revenue recorded since inception. Cost of sales (COS) increased 61% to US$5.26 million (2022: US$3.28 million). Consequently, gross profit increased 56% to
April 11, 2023 United States: US Small Businesses Face Worst Credit in a Decade After SVB More US small businesses reported having greater difficulty getting a loan in March after multiple bank failures led to a further tightening of credit conditions. A net 9% of owners who borrow frequently said financing was harder to
April 6, 2023 United States: US Profits Set for Pandemic-Sized Drop, Goldman Strategists Say The approaching US earnings season is expected to be the gloomiest since the pandemic, according to Goldman Sachs Group Inc. strategists. Analyst consensus expectations are for S&P 500 earnings-per-share to fall 7% in the first quarter from a year earlier,
April 5, 2023 United States: Fed’s Mester Says Rates Should Rise Above 5%, Stay for Some Time Federal Reserve Bank of Cleveland President Loretta Mester said policymakers should move their benchmark rate above 5% this year and hold it at restrictive levels for some time to quell inflation, with the exact level depending on
