Yahoo Finance Live's Seana Smith looks ahead to what investors should pay attention to on Wednesday, September 6, including the economic conditions reported in the Federal Reserve's Beige Book, earnings from GameStop (GME) and C3.ai (AI), and Yahoo Finance's extensive coverage from Goldman Sachs' Communacopia & Technology Conference.
Why, Look! Another Unexpected Makeup Color Combo, This Time on Anastasiia PokreshchukMaría Barro, a 65-year-old domestic worker in Buenos Aires, buys a few dollars each month with her peso salary, a hedge against Argentina's persistent inflation now running at over 100% and a steady devaluation of the little-loved local peso.
OTTAWA — Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging against another rate hike, as the provincial leaders attempt to sway the central bank's interest rate decision slated for Wednesday. Ontario Premier Doug Ford sent a letter on Sunday saying families and businesses cannot afford the "crushing impact of further rate hikes," echoing a letter British Columbia Premier David Eby sent on Thursday.
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Earnings, jobless claims, Fed’s Beige Book: What to watch this weekIt's a relatively quiet and holiday-shortened week for investors. There is some economic data on tap, including the Federal Reserve’s Beige Book on Wednesday, initial jobless claims on Thursday, and wholesale inventories on Friday. On the earnings front, C3.ai (AI), GameStop (GME), RH (RH), DocuSign (DOCU), and Kroger (KR), are just some of the companies set to release results this week. Yahoo Finance Reporter Josh Schafer breaks down what to watch in the week ahead.
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Goldman Sachs cuts chances of US recession in next one year to 15%(Reuters) - Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to 15% from an earlier 20% ...
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Goldman Sachs cuts chances of US recession in next one year to 15%The continued positive inflation and labor market data led to the cut, Goldman Sachs Chief Economist Jan Hatzius wrote in a note. The investment bank said it expected reacceleration in real disposable income next year on the back of continued solid job growth and rising real wages. U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged in its policy meeting this month.
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Goldman Sachs recession outlook, Arm IPO, Warner Bros. profit: 3 ThingsGoldman Sachs (GS) cut its recession forecast to a 15 percent probability the U.S. could go into a recession. Chipmaker Arm has been valued at $52 billion ahead of its much-anticipated IPO. Warner Bros. Discovery (WBD) cuts its full-year profit and earnings outlook, citing the impact of the Hollywood writers and actors' strikes on the production company.Yahoo Finance's Julie Hyman highlights several of the morning's top headlines.
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Goldman Sachs cuts chances of US recession in next one year to 15%Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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The chances of a US recession are now just 15% with the Fed probably done hiking rates, Goldman Sachs saysThe bank said Tuesday that the odds the US suffers a severe economic slump within the next 12 months are now just 1-in-7.
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