Tag

Economic Sectors

All articles tagged with #economic sectors

finance4 months ago

Top Stocks Poised to Rise on Fed Rate Changes

The Federal Reserve is expected to cut interest rates by a quarter-point, which could lead to significant stock movements, especially among small-cap stocks like Beazer Homes, Toll Brothers, and KB Home, as well as sectors sensitive to economic changes such as home construction, banking, and airlines. The market's reaction will depend on Fed Chairman Jerome Powell's comments, with potential for large gains or losses based on the Fed's future rate intentions and economic outlook.

business2 years ago

Uneven Job Recovery in NYC Post-Pandemic

New York City has regained 99.4% of the total number of private sector jobs lost during the COVID-19 pandemic, but the recovery has been uneven across economic sectors. While the securities, transportation, warehousing, and office sectors have shown strength, retail, restaurants, construction, and tourism continue to lag behind the national recovery. State Comptroller Thomas DiNapoli warned that embattled industries like the arts, hospitality, and retail will need to regain more jobs to ensure the long-term survival of the positions they have already recovered.

business2 years ago

European Markets Rise Ahead of US Earnings Reports

World stocks markets remain steady as investors await corporate earnings results this week to determine which economic sectors have been helped or hit by higher interest rates. US banks including JP Morgan, Citigroup, and Wells Fargo reaped windfalls from higher interest payments in their first quarter earnings reports. Upbeat earnings news from banks and large corporations may lessen the odds of rate cuts later this year. Markets have also seen a mood shift on the outlook for US interest rates, with CME futures implying an 81% chance the Federal Reserve will increase rates by a quarter point to 5.0-5.25% in May.