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Reuters
19-05-2025
- Business
- Reuters
Fatih Akin returns to Cannes with film holding mirror to Germany's past
category · May 19, 2025 · 10:54 AM EDT · 5 min ago · 5 min ago Oil prices steadied on Monday despite Moody's downgrade of the U.S. sovereign credit rating, and official data that showed slowing growth in China's industrial output and retail sales.
Yahoo
15-05-2025
- Business
- Yahoo
PPI Declined More Than Expected
Aside from last weekend's suspended reciprocal tariffs between the U.S. and China, and Tuesday's Consumer Price Index (CPI), this morning brings us the biggest bang for the buck in terms of grist for the economic mill. Just like every Thursday morning, this includes Weekly Jobless Claims. Not only that, but PPI, Retail Sales, Empire State and Philly Fed surveys, and key quarterly earnings reports have hit the tape this morning, as well. As if all that isn't enough, Fed Chair Jerome Powell is speaking at this hour, discussing the forthcoming update to its Framework Review. Here he fairly warns that the new review will reflect significant changes, as the Fed expects inflation to become more volatile in the months ahead. Powell also said the Fed is fully committed to its +2% inflation target… today. OK, so how about tomorrow? Pre-market futures were down before any of this information was released, and we're actually seeing an easing of levels in the red. The Dow was -185 points earlier but is now -150, the S&P 500 has improved from -31 points to -21, and the Nasdaq has moved from -144 points to -95 at this hour. You'd have to go back to the initial impact of the Covid era, in April of 2020, to find a lower Producer Price Index (PPI) headline than the -0.5% reported for last month. The previous month's negative post, however, was revised up to 0.0%. Not exactly a wash, but less impactful on average for April wholesale price numbers. Core PPI month over month swung tremendously lower, from +0.3% reported a month ago to -0.4% today. Year over year, PPI headline came in at the lowest level since September of last year: +2.4%, but off a 70 basis-point (bps) revision the prior month, from +2.7% to +3.4%. Core PPI year over year reached +3.1%, still higher than the other prints, but still down considerably from the big upward revision to +4.0% for March. Ex-food, energy and trade hit +2.9% this morning, 60 bps lower than the slightly upwardly revised +3.5% in the previous month. Look under the hood on this data a bit, and you'll see that the biggest contraction on wholesale prices comes from trimmed margins. This may suggest — might even suggest strongly — that producers are eating some of the tariff increases in prices themselves currently. Although, you'll see in the WMT earnings report below that not all the higher tariff costs will be eaten by the companies selling tariffed goods. As expected, April Retail Sales came in much lower month over month, from an upward revision of +1.7% for March to +0.1% for April — in-line with estimates. Strip out expensive auto sales last month and we come in again at +0.1%, down from the upwardly revised +0.8% in the prior month. Ex-autos and gasoline, this number reaches +0.2%, way down from the +1.1% revision for March. The Control number, which gets fed up the economic food chain into different data accounts like PCE, came in negative today: -0.2%, from the revised +0.1% the previous month — the second-worst month of 2025 so far. After a couple weeks of slight trepidation that Weekly Jobless Claims might be finally heading higher, we see levels firming once again beneath 230K on new claims, sub-1.9 million on longer-term. Headline Initial Jobless Claims were slightly above estimates at 229K, exactly where we were the previous week. Continuing Claims flowed up to 1.81 million from 1.87 million a week ago. This finely tuned metric on national employment levels remains well behaved. Also as expected, the May Empire State survey of productivity in New York State came in at -9.2, 20 bps below expectations and now the third-straight month in negative territory. This follows the unrevised -8.1 posted a month ago, and better than the -20 reported for the month of March. The Philly Fed, also a regional manufacturing survey, reached -4 points on its May headline this morning, an improvement over the -10 anticipated. This follows a slightly improved revision to -26 for the prior month. This is only the second-straight month with a negative headline, but has been down in four of the past seven months. Walmart (WMT) outperformed estimates for its Q1 this morning, with earnings of 61 cents per share outpacing expectations by 4 cents, while revenues narrowly eked out a beat to $165.61 billion in the quarter. The biggest of the big-box retailers did say price hikes are coming, however, due to tariffs on Chinese imports. Chinese e-commerce giant Alibaba (BABA) reported mixed results this morning, posting a big +17% beat on earnings to $1.73 per ADS on U.S. dollar-equivalent $32.58 billion, which was slightly below the $33.08 billion in the Zacks consensus. The company did express concerns about overall demand. Deere & Co. (DE) shares are up +5% in today's pre-market after surpassing estimates on both top and bottom lines this morning: earnings of $6.64 per share also amounted to a +17% earnings beat, with revenues of $11.17 billion outpacing expectations by +4.9%. Shares are now up more than +20% year to date. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Eventful Pre-Market: PPI, Retail Sales, Jobless Claims and WMT Q1
Thursday, May 15, 2025Aside from last weekend's suspended reciprocal tariffs between the U.S. and China, and Tuesday's Consumer Price Index (CPI), this morning brings us the biggest bang for the buck in terms of grist for the economic mill. Just like every Thursday morning, this includes Weekly Jobless Claims. Not only that, but PPI, Retail Sales, Empire State and Philly Fed surveys, and key quarterly earnings reports have hit the tape this morning, as if all that isn't enough, Fed Chair Jerome Powell is speaking at this hour, discussing the forthcoming update to its Framework Review. Here he fairly warns that the new review will reflect significant changes, as the Fed expects inflation to become more volatile in the months ahead. Powell also said the Fed is fully committed to its +2% inflation target… today. OK, so how about tomorrow?Pre-market futures were down before any of this information was released, and we're actually seeing an easing of levels in the red. The Dow was -185 points earlier but is now -150, the S&P 500 has improved from -31 points to -21, and the Nasdaq has moved from -144 points to -95 at this hour. You'd have to go back to the initial impact of the Covid era, in April of 2020, to find a lower Producer Price Index (PPI) headline than the -0.5% reported for last month. The previous month's negative post, however, was revised up to 0.0%. Not exactly a wash, but less impactful on average for April wholesale price numbers. Core PPI month over month swung tremendously lower, from +0.3% reported a month ago to -0.4% over year, PPI headline came in at the lowest level since September of last year: +2.4%, but off a 70 basis-point (bps) revision the prior month, from +2.7% to +3.4%. Core PPI year over year reached +3.1%, still higher than the other prints, but still down considerably from the big upward revision to +4.0% for March. Ex-food, energy and trade hit +2.9% this morning, 60 bps lower than the slightly upwardly revised +3.5% in the previous month. Look under the hood on this data a bit, and you'll see that the biggest contraction on wholesale prices comes from trimmed margins. This may suggest — might even suggest strongly — that producers are eating some of the tariff increases in prices themselves currently. Although, you'll see in the WMT earnings report below that not all the higher tariff costs will be eaten by the companies selling tariffed goods. As expected, April Retail Sales came in much lower month over month, from an upward revision of +1.7% for March to +0.1% for April — in-line with estimates. Strip out expensive auto sales last month and we come in again at +0.1%, down from the upwardly revised +0.8% in the prior month. Ex-autos and gasoline, this number reaches +0.2%, way down from the +1.1% revision for March. The Control number, which gets fed up the economic food chain into different data accounts like PCE, came in negative today: -0.2%, from the revised +0.1% the previous month — the second-worst month of 2025 so far. After a couple weeks of slight trepidation that Weekly Jobless Claims might be finally heading higher, we see levels firming once again beneath 230K on new claims, sub-1.9 million on longer-term. Headline Initial Jobless Claims were slightly above estimates at 229K, exactly where we were the previous week. Continuing Claims flowed up to 1.81 million from 1.87 million a week ago. This finely tuned metric on national employment levels remains well behaved. Also as expected, the May Empire State survey of productivity in New York State came in at -9.2, 20 bps below expectations and now the third-straight month in negative territory. This follows the unrevised -8.1 posted a month ago, and better than the -20 reported for the month of Philly Fed, also a regional manufacturing survey, reached -4 points on its May headline this morning, an improvement over the -10 anticipated. This follows a slightly improved revision to -26 for the prior month. This is only the second-straight month with a negative headline, but has been down in four of the past seven months. Walmart WMT outperformed estimates for its Q1 this morning, with earnings of 61 cents per share outpacing expectations by 4 cents, while revenues narrowly eked out a beat to $165.61 billion in the quarter. The biggest of the big-box retailers did say price hikes are coming, however, due to tariffs on Chinese imports. For more on WMT's earnings, click here. (You can see the full Zacks Earnings Calendar here.)Chinese e-commerce giant Alibaba BABA reported mixed results this morning, posting a big +17% beat on earnings to $1.73 per ADS on U.S. dollar-equivalent $32.58 billion, which was slightly below the $33.08 billion in the Zacks consensus. The company did express concerns about overall & Co. DE shares are up +5% in today's pre-market after surpassing estimates on both top and bottom lines this morning: earnings of $6.64 per share also amounted to a +17% earnings beat, with revenues of $11.17 billion outpacing expectations by +4.9%. Shares are now up more than +20% year to date. For more on DE's earnings, click or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Markets Mixed on Uneventful Trading Day
Wednesday, May 14, 2025Markets were mixed modestly in an overall uneventful trading day. ('Uneventful trading day': it felt like a fresh breeze.) The Dow was down -60 points for the session, -0.14%, while the S&P 500 gained a mere +4 points, +0.07%. The tech-heavy Nasdaq kept its strong rally alive today, gaining +112 points or +0.59%, while the small-cap Russell 2000 dropped -15 points on the day, -0.74%.Bond yields have been creeping up for most of the past two weeks or so. The 10-year currently sits at +4.54% and the 2-year is back over +4% to +4.06%. These two barometers of economic health have risen from +4.06% and +3.62%, respectively, we saw from these levels just two weeks ago. Cisco Systems CSCO kept its modest, routine and consistent earnings beats intact this afternoon after the close, with share of 96 cents per share beating expectations by a nickel. Revenues of $14.1 billion barely surpassed the expected $14.06 billion analysts were waiting for. Both next-quarter and full-year guidance was mildly raised in the company's press release today. Shares are up +3.8% on the news in late Splunk acquisition, completed in March last year, added a healthy dollop of growth for the tech behemoth. Including the data pattern diagnostics provider, product growth for Cisco overall was +20%, but just +9% without Splunk. This acquisition was made for $28 billion in all cash, and now looks to be paying off. (You can see the full Zacks Earnings Calendar here.)AI development provider CoreWeave CRWV is also out with earnings estimates — for Q1, in this case — with a widely off-the mark -$1.40 per share from -$0.18 expected on $981.63 million in revenues, which far surpassed the $850.38 million in the Zacks consensus. Such is life for newly formed publicly traded companies; CoreWeave had its IPO earlier this year. The company will provide forward guidance on the conference call. Plenty of economic reports hit the tape ahead of Thursday's open: Retail Sales, Producer Price Index (PPI), Empire State and Philly Fed surveys, Industrial Production and Capacity Utilization reports, Business Inventories and a new Homebuilder Confidence survey. These are all in addition to Weekly Jobless Claims, which come out nearly every Thursday earnings reports are expected from Walmart WMT, Alibaba BABA, Deere & Co. DE and Birkenstock BIRK. With the retailers, we can tell we are now in the final stages of calendar Q1 earnings season. In all, we've seen some real challenges, especially in terms of forward guidance, but companies have generally held up fine in the first quarter. We shall see if this continues with the retailers in a still-uncertain global trade or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report Birkenstock Holding PLC (BIRK) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Walmart, Cisco, Alibaba, Petrobras: Stocks to watch this week
Markets ended last week on a high after a turbulent stretch, with stocks rallying as investors absorbed a flurry of headlines: The Fed held rates steady, a tentative U.S.-U.K. trade deal emerged, and Alphabet's ongoing antitrust saga took a twist as Apple's Eddy Cue testified about waning search volumes. This week may offer a relative breather, but there's still plenty in play. Earnings season is winding down, yet several big names are still set to report, including the planet's largest retailer by revenue, Walmart (WMT). Meanwhile, key economic data — including April inflation and retail sales — will test whether the market's rally has legs. A potential U.S.-China trade breakthrough also lingers in the background, though expectations are mixed. Earnings kick off with a global slate. Mall operator Simon Property Group (SPG) will report alongside NRG Energy (NRG) and Fox Corporation (FOXA), owner of Fox News and more. On the macro front, the U.S. Treasury's April budget statement lands in the afternoon, offering a fiscal snapshot as deficit debates simmer. Look out for inflation data: The April Consumer Price Index drops at 8:30 a.m. ET, giving investors a key read on inflation. Earnings-wise, Oil major Petrobras (PBR) and Sony (SONY) lead alongside Sea Limited (SE), the Singaporean tech conglomerate, and (JD). Vodafone (VOD) is on deck too. It'll be a quieter day on the data front, but Cisco Systems (CSCO) reports after the bell, with expected EPS of $0.75 — slightly ahead of last year's $0.72 — providing insights into enterprise tech demand, a closely watched signal these days. Ambev S.A. (BUD), the Brazilian brewer in which Inbev is a large shareholder, and CoreWeave, a rising AI infrastructure player, will also report. Buckle up for a data deluge. At 8:30 a.m. ET, the April Producer Price Index and Retail Sales report hits, alongside regional reads from the Empire State and Philly Fed manufacturing surveys. At 9:15: Industrial Production and Capacity Utilization. At 10:00: March Business Inventories. On the earnings side: Walmart leads, giving analysts a real-time snapshot of U.S. consumer health, especially among lower- and middle-income households. As the world's largest retailer, Walmart's results portray broad retail trends, inflation pressures, and shifts in spending behavior. Attention is likely to be extra high this week amid hopes of a U.S.-China trade deal and signs of a widening gap between lower-income Americans' sentiment and Wall Street's recent bullish run. Expect results from Chinese tech giant Alibaba (BABA), John Deere (DE), Applied Materials (AMAT), and NetEase (NTES) to drop too. The week wraps with a trio of economic reads. At 8:30 a.m. ET, April's Import and Export Price Indexes offer a window into goods inflation, while Housing Starts and Building Permits reveal the pulse of new construction. At 10:00 a.m., the University of Michigan's Consumer Sentiment Index offers an early read on May's mood. As usual, Earnings season ends with a whimper and not a bang, as results trickle in from a handful of overseas names. Unless geopolitical headlines break late, markets may exhale after a particularly breathless run. For the latest news, Facebook, Twitter and Instagram.
