Prior -4
Manufacturing shipments 1 vs 2 prior
Employment 5 vs 3 prior
Wages 16 vs 18 prior
Services index 3 vs 7 prior
Not a biggie for the market. Raw material prices were up but slower than in Oct.
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KNSA beats earnings estimates, revenue jumps 62% to $214M. Investors cheer, lifting stock 24%.
401(k) balances hit record $167,970, up 13%, but 6% took hardship withdrawals amid market gains.
LSTR beats EPS estimates on strong Q1 yield growth; heavy-haul booms, standard flatbed pressured. Upcycle signals?
Dow Jones/Market Watch cite analysts who say Kazakhstan and possibly Iraq could follow the UAE out of OPEC, though Baghdad has denied any plans to leave. Analysts warn a weaker OPEC will struggle to stabilise oil prices long term.
VZ beats EPS, misses revenue. Focus shifts to recurring revenue & AI cost cuts. Buy VZ?
SBUX jumps 5% on raised forecast; HOOD drops 8% on weak results. Big Tech earnings loom.
Britain's leading independent economic research institute has delivered a stark warning that the Iran war is exposing the UK's vulnerability to energy shocks, slashing its growth forecasts and pushing the inflation outlook well past BoE target.
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