Economy

US earnings season adds weight to Fed's up-beat view

Jenny Ruth
Sun, 05 May 2019

By Jenny Ruth May 6 (BusinessDesk) - Corporate America is adding weight to the Federal Reserve's upbeat view of the US economy with about three-quarters of the S&P 500 Index companies that have reported so far beating earnings forecasts. With only about 50 companies still to report, average March-quarter revenue growth is 5.2 percent, above the 4.8 percent forecast ahead of the reporting season. Last week, Fed chair Jerome Powell said economic activity is solid and that the lack of inflation pressures is probably due to “transitory fac...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets

MARKET CLOSE: Pushpay leads stock market higher

Dan Brunskill | Wed, 23 Sep 2020

Pushpay led the stock market higher on an analyst upgrade and as tech stocks on Wall Street rebounded following extended selling.

Retail

Moa to open Azabu in iconic Mission Bay spot

Victoria Young | Wed, 23 Sep 2020

The company is bullish about a return for hospitality having recently received investment from wealthy agricultural family the Cushings, and Big Chill’s Colin Neal.

Infrastructure

Two-month delay in Tui decommissioning

Gavin Evans | Wed, 23 Sep 2020

The government has lost up to two months in its efforts to get an undersea inspection of the Tui oil field underway in preparation for decommissioning.In July, the Ministry of Business, Innovation and Employment sought bids from firms interested in inspecting and testing the fiel...

Partner Content

The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.