Apple Inc CEO Tim Cook said the personal computer industry is "very challenged" at the company's first-quarter results conference call on Thursday. What Happened: Responding to a question on the call, Cook said "The [PC] industry is contracting." "I don't know how this year will play out, so I don't want to predict the year.
The SPDR S&P 500 ETF Trust traded lower Friday morning after the Labor Department reported blowout U.S. jobs market numbers from January. What Happened: The U.S. added 517,000 jobs last month, well above average economist estimates of 187,000 jobs.
Ray Dalio, founder, CIO Mentor and member of the Bridgewater Board believes cash is pretty attractive now, both in relation to stocks and bonds. See Also: How To Invest In Startups Dalio's comments come at a time when stocks and bonds are just coming out of a long rout that commenced last year when central banks started hiking policy rates to tackle decades-high inflation.
The International Monetary Fund has said in a blog that central banks must be resolute in their fight against inflation and ensure policy remains appropriately tight long enough to durably bring inflation back to target.
Wharton Professor of Finance Jeremy Siegel has been beating the drum on inflation in recent months, urging the Federal Reserve to cast aside lagging indicators. Now that consumer prices are coming down, he says there's only one indicator left standing between the Fed and a pause.
The first jobs report of the year will be out 8:30 a.m. ET Friday morning, lending a glimpse into the cumulative effects of almost one full year of rising interest rates from the Fed.
Analysts at Guggenheim Partners had not rescinded their initial outlook that the restaurant industry would struggle to structurally grow margins as long as the unemployment rate stayed below 4%. But the firm said Thursday it was betting on one group to outperform.
On Wednesday, the Federal Reserve stepped up its campaign against inflation by raising its key interest rate a quarter point, its eighth hike since March. The Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes.
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