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Chief economist of First Trust Advisors, Brian Westbury, recognized as the most accurate forecaster for statistical data from the United States in April, predicts that in 2018, the US GDP will grow by 3%, the stock indexes – by an average of 15%, MarketWatch writes. According to him, all the main factors, such as monetary, taxation, trade, regulatory policies, and public expenditure policies, favor the growth of the US economy and shares. He believes that monetary policy can be called tough only when the base interest rate of the Federal Reserve System reaches a minimum of 3.5%. Westbury expects that by the end of the year the Dow Jones Industrial Average will be at the level of 28 thousand 500 points, Standard&Poor's 500 - at around 3 thousand 100 points.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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