Economic Performance/Indicators – Jahanagahi
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Markets

This JPMorgan portfolio manager says he isn’t betting on a US recession

In a wobbly stock market, Phil Camporeale, a portfolio manager at JPMorgan Chase & Co., is betting the US will avoid a recession. Rising interest rates are the “number one culprit this year for the volatility and the chaos” seen in the market, said Camporeale, a portfolio manager for JP Morgan Asset Management’s global allocation […]

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Markets

Malaysia’s Economy Grew Faster Than Expected in First Quarter Amid Recovery in Labor Market

By Chester Tay Malaysia’s economy expanded at a faster-than-expected pace in the first quarter, driven by consumption activities amid a recovery in labor market conditions. The economy grew 5.0% from a year earlier, Malaysia’s central bank said Friday. In the fourth quarter, the trade-and-transit hub’s gross domestic product climbed 3.6%, buoyed by easing pandemic restrictions […]

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Markets

Oil prices come under renewed pressure as market looks for direction

Oil prices traded lower on Thursday, reversing some of the previous day’s gains as the commodity market tries to find its footing amid a demand and supply tug of war. price-action West Texas Intermediate crude for June delivery CL00, -1.59% CLM22, -1.59% CL.1, -1.59% fell around $1.84, or 1.8%, to $103.78 a barrel. The contract […]

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Markets

Out of 100 housing markets in America, this is the least overpriced, study finds

Baltimore is the least overvalued housing market, new study reveals. Getty Images Housing prices have risen rapidly in the past year, even as mortgage rates are on the rise with pros saying they will likely go up more (see the lowest mortgage rates you can qualify for here). But some markets are now a lot […]

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Markets

Stock Futures Fall as Inflation Weighs on Markets

US stock futures declined, pointing to a second day of turbulence in markets driven by stronger-than-expected US inflation. Futures tied to the S&P 500 fell 0.6% after the broad-market index closed down 1.7% on Wednesday. Nasdaq-100 futures retreated 1%, suggesting more losses for technology stocks after the opening bell. Stocks are coming under pressure due […]

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Economy

US posts record $308 billion budget surplus in April as federal tax receipts arises

The numbers: The US posted a budget surplus of $308 billion in April — the largest on record — owing to a large increase in federal taxes and lower spending after the end of government stimulus. Based on current trends, the government could register a budget deficit of under $1 trillion in fiscal 2022 for […]

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Markets

Inflation data does not ‘watershed moment’ for the stock market. Here’s what’s next.

Stock and bond investors expecting a “watershed” moment in Wednesday’s inflation data were left disappointed, analysts and economists said, leaving open the debate over whether the market is close to putting in a bottom. The April consumer price index was certainly hotly anticipated, attracting the sort of pre-release scrutiny usually reserved for items like the […]

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Markets

Stocks Climb on Inflation Data

Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected. The S&P 500 rose 0.7% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal Reserve […]

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Economy

How the Inflation Rate Is Measured: 477 Government Workers at Grocery Stores

READING, Pa.—Emily Mascitis has one of the most important jobs you never knew existed. As Americans’ monthly bills climb at the fastest rate in four decades, it is Ms. Mascitis’s work that confirms the $9 you just paid for a 4-pound bag of clementines isn’t an anomaly. Newsletter Sign-up The 10-Point. A personal, guided tour […]

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Markets

Dow Falls for Fourth Straight Day

US stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend […]