Central banks in the U.S., Europe, and Japan are slated to meet this week.
reached a new 52-week high on Friday. LG Energy Solutions, Samsung Electronics, Kia and Posco Holdings led the gains.— Hakyung Kim, Gina FrancollaCorporate earnings for the S&P 500 are expected to post a third consecutive decline in the second quarter, according to an estimate Friday from FactSet.
Profits are projected to decline 6.4% from a year ago during the April-through-June period. That would be the biggest drop since the pandemic-scarred second quarter of 2020 and worse than the 2.1% decrease from the first quarter. On March 31, FactSet was expecting a 4.8% drop for the quarter. Since then, 66 companies have issued negative earnings guidance while 44 have issued a positive outlook.
FactSet's John Butters said the firm expects earnings to turn around in the second half of the year, increasing 0.8% in the third quarter and a robust 8.2% to close the year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Dedication and persistence,' Central Ohio Girl Scouts to receive the esteemed Gold AwardThe Girl Scouts of Ohio’s Heartland will recognize nine Franklin and Delaware County girls with the Girl Scout Gold Award, the highest award a Girl Scout can ea
Read more »
Inside a Modern $16 Million Condo at Mandarin Oriental With Epic Central Park ViewsPerched on the 73rd floor, this $16 million condo at Mandarin Oriental has the most exceptional views. luxury realestate
Read more »
Europe’s oldest aardvark dead at 32: ‘A very sad day for everyone’“Afer had a wonderful personality and will be greatly missed by the animal care team as well as many visitors who adored him,” a zoo spokesperson said.
Read more »
UN finds 'credible evidence' of sexual abuses by peacekeepers in Central African Republic | CNNThe United Nations will send home a unit of 60 Tanzanian peacekeepers over allegations of sexual exploitation and abuse in the Central African Republic, the UN announced on Friday.
Read more »