third quarter

New Zealand Economy grows faster Than Q3 Forecast

New Zealand's economy grew 0.9 percent in the third quarter, faster than what was expected by economists. It was buoyed by greater spending in the manufacturing and retail sector.

Deeper recession, faster CPI, higher rate squeezing Brazil

Latin American nation Brazil is suffering from rising inflation, unemployment and drop in economy growth. The Brazil's central bank is expected to raise interest rate in 2016 and this will further enhance borrowing costs putting more pressure on business and industry.

Bargain buying creates robust US demand for gold

The August market crash and other adverse conditions in the global economy had created robust demand for the yellow metal in the US. Amercians concerned over market mayhem started buying gold bards and coins boosting the demand growth by a whopping 207 percent. during the third quarter. Equity analysts term it as bargain buying of US investors that pushed god demand spriraling up.

Banana Republic sales drop hits Gap Inc's stock on Wall Street

The US-based clothing retailer Gap Inc shares turned volatile following the sales drop in its brands the Banana Republic and Gap. In addition to a weaker forecast of earnings, a lower than previously predicted, have dampened the business confidence and put more pressure on the stock.

MetLife profit drops 43% on weaker investment yield, tax hit

The US largest insurance firm MetLife recorded 43% fall in third quarter profits woing discouraging yields on investments and tax cost pertaining to its UK subsidiary eroded the profitability. The quarterly numbers were below the market forecast.

HSBC Pre-Tax Profit grew more than expected due to lower regulatory fines cost

Lower cost of regulatory fines led to an increase in HSBC's pre-tax profit, beating analysts' expectations of $5.2 billion.

Microsoft Focus on Cloud Service Raise Its Third Quarter Revenue

A strategy shift from Microsoft to focus on cloud service has gained a positive result. With the raise of their third quarter revenue, Microsoft will continue to focus on integrating their cloud and mobile business strategy.

Huawei overtakes Xiaomi as China's biggest smartphone maker

Huawei is now the largest smartphone maker in China, the world's biggest smartphone market. The company has taken the top spot from Chinese rival, Xiaomi, whose third quarter shipments declined amid a slumping economy.

French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014

French industy forcasted a 0.2 increase in production but had it unexpectedly drop to 0.8%, a number lowest since November 2014.

US construction spending at 7-year high

The latest data from the US Commerce Department reveals that construction spending grew 0.7 percent to $1.08 trillion showing seven-year high. the construction spending has been growing for the past eight months continuously.

Latest Stories

Survey Shows Women Are Generous Diners, Spotting Friends $24 on Average

The average amount of money American women would spend for a friend's dinner was $24.

Goldman Sachs Targets Private Equity After Credit Suisse Shakeup

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.

Tight Grad Market? Here's How to Get Hired (On a Budget!)

A survey from the National Association of Colleges and Employers states that employers intend to recruit 5.8% fewer recent college graduates from this year's class than they did from the class of 2023.

Build Lasting Wealth with These Expert-Backed Passive Income Idea

There are still some proven passive income techniques available that yield positive results.

Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street

The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.

Must Read

Sustainable Investing Made Easy: Low-Cost ESG Fund Options for May 2024

Regular investors continue to desire ESG funds, despite some opponents labeling them as "woke" investing. These funds consider a portfolio's firms' financial fundamentals in addition to their environmental, social, and governance considerations.

Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power

In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.

Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

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