“Wall Street profits bounced back strongly in 2016. Lower costs more than made up for the continued decline in revenues,” said New York State Comptroller Thomas P. DiNapoli. Pretax profits for the broker/dealer operations of New York Stock Exchange (NYSE) member firms, the traditional measure […]
The likelihood of a vote in favor of the United Kingdom (UK)’s exit from the European Union (EU) was expected as an obvious disaster for 99% of economists, analysts and bankers. In June 2016, the UK did vote for the Brexit, launching a complex unprecedented...
United States’ CEOs’ plans for hiring and investment, and expectations for sales over the next six months jumped sharply with the largest increase since the fourth quarter of 2009, according to the Business Roundtable first quarter 2017 CEO Economic Outlook Survey. CEOs project 2.2 percent […]
The US labor market figures are so good that they would already meet the criteria set by the Federal Reserve (Fed) to define a situation of “full employment”. With 235,000 jobs created and a 0.2% increase in the average hourly wage in January 2017, the...
According to the Washington Post, the Trump administration promises to pump USD 1 trillion into improving the country’s crumbling infrastructure, but a benchmark report says it will take almost USD 4.6 trillion over the next eight years to bring all those systems up to an […]
Exxon Mobil Corporation (XOM)’s stock may soon reflect rising expectations in the oil markets. Indeed, there’s good reason to believe that there is a good potential of upside in the medium term, with an interesting dividend yield of 3.50%. XOM’s stock is currently hovering over...
Exxon Mobil Corporation (XOM) is expanding its manufacturing capacity along the US Gulf Coast through planned investments of USD 20 billion over a 10-year period to take advantage of the American energy revolution, Darren Woods, Chairman and CEO, announced. New projects could create more than […]
China’s government work report set a target of around 6.5 percent in 2017, “which is a medium high-speed growth in line with economic laws for the country’s USD 11 trillion economy”, Premier Li Keqiang told lawmakers on March 6, 2017. Describing a shifting global economic […]
According to IHS Markit, Worldwide manufacturing business conditions showed the largest improvement for more than five-and-a-half years in February 2017, with global trade expanding at the fastest rate for just under six years and optimism about the future continuing to improve. Indeed, the JPMorgan Global […]
Analysts doubted that India’s GDP could grow 7% in the last quarter of 2016. Yet it apparently did despite Prime Minister Narendra Modi’s unpopular decision to withdraw all 500 and 1,000 rupees bank notes from circulation since November 2016. Although such a sudden move impacted […]