Wall Street’s eternally optimistic forecasters are expecting corporate profit growth to surge by the middle of next year — views that are about to collide with reality as hundreds of companies report financial results and update investors on their prospects. American companies go through this ritual every three months: sharing financial statements and holding conference calls in which they sometimes offer their expectations for future quarters, what Wall Street calls “guidance.” For this quarter, it begins with reports from several big banks on Tuesday. In between these reports, executives continue to issue guidance, trying to nudge expectations higher or lower with speeches at conferences or other events so official results don’t jolt investors. Lately, they’ve been doing less of the in-between nudging, and that could make this round of earnings reports more important than usual. “Companies are starting to do what they do when there is rampant … [Read more...] about Wall Street’s sky-high forecasts to face reality checks
The wall of wall street
Futures muted after Wall Street’s worst day in about two weeks
Business U.S. stock index futures treaded water on Monday, as investors remained cautious about progress in U.S.-China trade talks and waited for a slew of economic reports to gauge the health of the domestic economy. 23 Sep 2019 08:13PM Bookmark REUTERS: U.S. stock index futures treaded water on Monday, as investors remained cautious about progress in U.S.-China trade talks and waited for a slew of economic reports to gauge the health of the domestic economy.The indexes recorded their worst session in about two weeks on Friday - ending a three-week run of gains - after a Chinese agriculture delegation canceled a visit to Montana, dampening optimism about the trade talks.Stock markets had been buoyed earlier in the week by the Federal Reserve's decision to cut interest rates for the second time in 2019, joining other central banks around the world in easing monetary policy.After the U.S. central bank's fairly upbeat assessment of the domestic economy, investors will monitor … [Read more...] about Futures muted after Wall Street’s worst day in about two weeks
‘My love for basketball extends to the smell of the ball’
‘My love for basketball extends to the smell of the ball’ REAL SPORTS SCENE - Anthony Suntay (The Philippine Star) - August 13, 2019 - 12:00am Living by its mission to empower through elegance and prestige, Kings of the Court | STR8 has teamed up with Mr. Pinoy Hoops, Mike Swift and local communities to transform street basketball courts and provide a unique, dream-come-true experience to basketball players on the streets. Together with the engagement of local residents, KOTC | STR8 was able to jumpstart refurbishing makeshift basketball courts throughout the metro with the goal of elevating the game even on the street level. Residents of Brgy. Grabe with Mike Swift (in yellow) “My love for basketball doesn‘t end when playtime is over. It extends to the smell of the ball, the friendships made through teamwork, charming outdoor courts, up to that feeling when you know you‘ve improved your game … [Read more...] about ‘My love for basketball extends to the smell of the ball’
World stocks cling to gains, bonds hover ahead of U.S. payrolls
World stocks clung to their 17-month highs on Friday and bonds paused after this week's rally ahead of U.S. jobs data, a gauge that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve. Trade across global markets was expected to remain subdued following the Independence Day holiday in the United States on Thursday and ahead of the non-farm payrolls report. Though European bourses suffered with the pan-region STOXX 600 slipping 0.3%, dragged lower by the basic resource .SXPP and industrial goods & services sectors .SXNP which both fell more than 1.5%. The losses came after German data showed industrial orders had fallen far more than expected in May, and a warning from the economy ministry this sector of Europe's largest economy was likely to remain weak in the coming months. A sharp drop in China iron ore futures hit miners. Technology shares .SX8P retreated 0.9% after Samsung's (005930.KS) dour forecast showed the impact of U.S.-China … [Read more...] about World stocks cling to gains, bonds hover ahead of U.S. payrolls
City of colourful creations
CREATING COLOURFUL pictures of surreal human faces, marine animals or even huge owls, hundreds of graffiti artists have turned the Chilean port of Valparaiso into a gigantic open-air art gallery. Elias Street is typical of Valparaiso with its narrow sidewalks winding up and down Cerro Alegre hill, itself a tourist attraction. There are many little streets like this that surround the 42 hills overlooking the Pacific Ocean that are a striking feature of the Valparaiso skyline. Valparaiso in Chile is an openair gallery of graffiti and urban murals. /AFP Over the last few years, the walls of houses in Elias Street have been transformed into giant canvases where graffiti artists show off their skills. It was brought about by “young people’s need to go out and express themselves in the street,” says Sammy Espinoza, a graffiti artist and graphics designer. Hundreds of stairways, labyrinthine streets between the hills, cobbled alleyways and seemingly abandoned plots … [Read more...] about City of colourful creations