US stock futures were almost flat in morning trading on Wednesday as investors awaited a decision from the Federal Reserve on its move to start tapering, and the Dow Jones Industrial Average futures fell 51 points. S&P 500 futures were flat, Nasdaq 100 futures rose slightly, and the three major …
Read More »Inflation will last longer over supply chain difficulties
The largest U.S. manufacturers including do encounter logistics headache and higher costs as a result of global supply bottlenecks that could continue into 2022, but most companies agree that the hit to profits can be compensated by charging higher prices for their goods.Companies globally pushed the alarm button reiterating that …
Read More »MagnaChip semiconductor shares surge backed by revenues
Shares of South Korean semiconductor manufacturer MagnaChip Semiconductor jumped out of the gate Monday and are up 4.3% after the company crushed its Q3 earnings report versus $0.22 per share on $126.9 million in sales.As financial statements were announced, the company reached that sales target, booking $127 million in revenue. …
Read More »PMI Output Index up in October despite delta
U.S. CompositePurchasing Managers’ Index; PMI Output Index, which tracks the manufacturing and services sectors, has rebounded to a reading of 57.3 in the first half of October from 55.0 in September. A reading above 50 indicates growth in the private sector.The service sector of the U.S. economy has sped up …
Read More »US Stock Futures Are Down on Thursday Morning
Stock futures fell in early trading on Thursday after the blue-chip Dow Jones Industrial Average regained its highest level in the previous session amid strong corporate earnings, Dow futures fell 104 points or 0.2%, and S&P 500 futures fell By 0.2%, the Nasdaq 100 futures contract lost 0.2%. IBM shares …
Read More »Wall Street surges as earnings stir risk appetite
U. .S. stock indexes surged on Tuesday over positive results from several companies. Earnings have stirred up risk appetite, after big banks had announced third quarter positive earnings last week.The S&P 500 index is now 0.7% away from a record high hit last September, while investors hope that a flow …
Read More »White House pressures OPEC over supply
U. S. Press Secretary Jen Psaki assured that the White House is continuing to press OPEC member states to address the crude oil supply issue. “I would also note that what we’re also working to address is more of a logistics issue of how we are moving supply around the …
Read More »Oil prices erased earlier gains over global demand
Crude oil prices erased earlier gains, Monday, as the global energy crisis won’t require added crude demand for the rest of October due to warmer weather.The Commodity Weather Group anticipates that the US will have warmer than normal weather for the remaining days of October.Oil prices have been skyrocketing on …
Read More »U.S. business inventories rise solidly, but auto stocks fall
U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production.Business inventories rose 0.6% after a similar gain in July, the Commerce Department said on Friday. Inventories are a key …
Read More »Two chip stocks do well amid shortage
The global chip shortage rages on, and some predictions indicate supply and demand will not reach balance until 2023. For some chip stocks, though, the shortage of tech hardware and soaring prices hasn’t led to a windfall. Two stocks in the industry that have struggled this year are ACM Research …
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