Research
CEOs Still Have Bleak View of the Economy
Conference Board survey says their confidence level is lousy. A portent for the future?
Tag: Unemployment
Market Moves
Economy Faces a ‘Bumpy Ride,’ Says Goldman’s Chief
Recovery will take a long time, David Solomon warns.
Market Moves
The Federal Deficit Is a Forgotten Menace, Cooperman Says
Billionaire hedgie knocks Trump’s pre-recession big spending.
Coronavirus - COVID-19
An Optimistic Jamie Dimon Sees a 3rd Quarter Recovery
JPM chief points to massive Washington relief efforts as the economy’s savior.
Market Moves
Pension Demands Put Local Governments in a Jam, Moody’s Says
With virus-driven costs mounting, cities’ and towns’ financial outlook shifts to negative from neutral, agency rules.
Coronavirus - COVID-19
Here’s How Rotten Corporate Earnings Will Be This Year
Analysts say EPS should be 8.3% in the red, although that may be too sanguine.
Asset Management Culture
Keep Workers on the Job, Group Demands, as Business Leaders Start to Concur
Investor group, headed by New York City Comptroller Scott Stringer, now sees the corporate world headed its way.
Coronavirus - COVID-19
And Now, the Case for a 2020 Recession
IHS Markit sees one hitting in the second quarter and lasting to year-end.
Research
GM Strike Will Shrink October Job Growth, Economists Warn
Expect just 25,000 positions added, vs. five times that in September, Capital Economics estimates.
Sluggish Wage Growth Leads to Lagging Retirement Savings, Professor Says
Despite low joblessness, academic concludes, most work still fails to generate enough money for later years.
Market Moves
60% of Americans Think a Recession Likely Will Hit in 2020
ABC/Washington Post poll results are similar to survey findings at the start of the Great Recession.
Tepid Expansion Keeps the Next Recession at Bay, Says Yardeni
Frazzled by the 2008-09 nightmare, people have avoided excesses that set up the economy for a new plunge, the economist argues.
Market Moves
Earnings Recession Is a Non-Event: 1Q Results Are Flat
Strong economy overcomes predictions of a down quarter and may push up profits ahead.
US Economic Expansion Will Be the Longest in History, Bob Doll Says
Nuveen’s veteran stock strategist thinks it will surpass the 1990s’ record by summer.
Head Scratcher for Fed’s Powell: the Right Jobless Level
He hopes to hit the sweet spot that keeps inflation, now 1.9%, in check.