Economic Forecast - page 8

News

Company Applied Materials Publishes Positive Forecast for Future

Applied Materials, an American company that manufactures equipment necessary for the production of chips, has released a forecast for the current quarter, which contains optimistic expectations and statements about the likely weakening of the downturn in the industry.

Finance & Economics

JPMorgan Сhanges Default Forecast for Emerging Markets

JPMorgan has made changes to the forecast for high-yield corporate default in global emerging markets, increasing the level of probability of this scenario.

Finance & Economics

Fitch Warns of Possible Downgrade of Dozens of Banks

An analyst at Fitch Ratings warned that the US banking sector is currently on the way to a new downgrade, which could potentially affect dozens of lenders, including industry giants such as JPMorgan Chase.

Finance & Economics

UK Economy Demonstrates Growth

According to the results of the second quarter of this year, the UK economy showed slight growth.

News

Sony Expects Smartphone Market Recovery to 2024

Sony Group, the largest supplier of camera sensors for smartphones, has changed its forecasts regarding the expected timing of the recovery of consumer demand in the market of mobile phones.

News

Palantir Improves Profit Forecast

Palantir Technologies has changed its forecast of adjusted earnings in 2023 to improve.

News

Fitch Downgrades US Debt Rating From AAA to AA+

Fitch Ratings has downgraded the US debt rating from the highest level of AAA to AA+.

Fintech & Ecommerce

Singapore Becomes Command Center for ASEAN Fintech: Report

PwC Singapore, Singapore Economic Development Board (EDB) and Singapore FinTech Association (SFA) revealed the growth trends of the financial technology industry in Singapore

News

Morgan Stanley Upgrades Asia Chip Stocks on AI Clamor

Semiconductors used in the field of artificial intelligence have long-term prospects for a high level of demand, which caused a change in the direction of an optimistic assessment of the attitude of Morgan Stanley specialists to the future application of chip stocks in Greater China, South Korea, and Japan.

News

Interest-Only Mortgages Shrink in UK: Report and Forecast

UK Finance observed a further reduction in the size and risk profile of the interest-only mortgage book in 2022, as customers continued to repay their loans on or ahead of schedule

Science & Technology

McKinsey Reveals How Much Work Activity AI Will Replace

The answer to whether generative AI will take your place at work can be found in the new McKinsey study

News

Experts Say ChatGPT to Fuel $1.3 Trillion AI Market by 2032

The release of generative artificial intelligence systems that are focused on solving problems, and satisfying various groups of consumer needs, for example, ChatGPT from OpenAI and Bard from Google will ensure a high level of development of the generative AI market over the next decade and will bring its financial volume to $1.3 trillion by […]

Finance & Economics

US Passes Bill to Avoid Default: What to Expect?

The US House finalized a bill to suspend the debt ceiling on Wednesday, just days left before the country was expected to default. What comes next for the national debt and financial markets?

Finance & Economics

Germany Falls Into Recession

Germany has slipped into recession amid a decline in consumer spending after last year’s shock in energy prices.

News

Goldman Strategists See Potential Profit Boom From AI

Strategists at Goldman Sachs Group Inc. believe that artificial intelligence can become a solid foundation for long-term profit growth in the United States.

News

Argentina Inflation Reaches All-Time High

The annual inflation rate in Argentina surged more than analysts expected, remaining at the highest level since 1991 and marking a perilous milestone for this Latin American economy Argentina’s state-run INDEC statistics agency said that the inflation rose 108.8% year-on-year in April 2023, the third month in a row since the inflation growth surpassed 100% for […]