Categories Finance

US initial jobless claims 219K vs 225K estimate

Prior week 224K revised to 225K. Initial jobless claims 219K versus 225K estimate 4- week moving average of initial jobless claims 223K vs 224.25K last week Continuing claims 1.903M vs 1.870M estimate 4-week MA of continuing claims 1.871M vs 1.868M last week Prior week continuing claims 1.847M The…

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Categories Finance

Trump: The operation is over, the patient lived

Trump posted on Truth Social and he seems to think this is the worst of it. We’ll see: THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA…

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Categories Finance

Fitch downgrades China to ‘A’, outlook stable

Fitch picked a heckuva day to downgrade a major economy. We forecast China’s general government deficit to rise to 8.4% of GDP in 2025, from 6.5% in 2024 We forecast China GDP to increase by 4.4% in 2025 from 5.0% in 2024 Tariff rise has been much more…

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