While there have been signs of slowing in US economic growth data, corporate America is talking less about the threat of a looming recession.
, the amount of companies actually discussing recession with investors during conference calls is near its lowest level in three years.
"Similar to previous quarters, several companies have noted that consumers of their products remain under pressure from the macroeconomic environment and that this pressure has led to weaker sales," Kostin wrote in a note to clients on Aug. 14. "This experience is not universal, however, as other companies continue to see resilient consumer spending."told Yahoo FinanceUSA fans cheer at the Olympic Games Paris 2024 on Aug. 10, 2024, at the Parc des Princes in Paris, France.
Deutsche Bank chief equity strategist Binky Chadha noted that companies are reporting steady growth but without a lot of "upward momentum," as corporates are still weighing uncertainties around interest rates, inflation, and the election.
Quarterly Earnings Conference Calls Goldman Sachs Recession
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The economic signs that point to an 'official' US recessionJuly's Producer Price Index (PPI) rose 0.1% month-over-month and 2.2% year-over-year, coming in below economists' forecasts. University of Akron’s endowment ...
Read more »
Poll: U.S. Fed to deliver three 25 quarter-point rate cuts this year; recession unlikelyEconomists see one more reduction than previously expected
Read more »
Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters pollThe U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last...
Read more »
Goldman cuts recession odds: Monday's market previewsIt's a new week for markets, now back in rally mode, bringing fresh news to digest. Here’s what Yahoo Finance Executive Editor Brian Sozzi is watching on his...
Read more »
Why the triggered Sahm Rule isn't pointing to a recessionJuly's jobs report saw the unemployment rate shoot up to a three-year high, stoking fears of a recession and kicking off a three-day market sell-off. PIMCO...
Read more »
Goldman Sachs lowers odds of US recession to 20% from 25%Earlier this month, the brokerage raised the odds of a U.S. recession from 15% after the unemployment rate jumped to a three-year high in July, sparking...
Read more »