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- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
JPMorgan Raises US Q2 Real GDP Forecast to 1.4% from 0.7%
July 27, 2022 9:47 AM EDTJPMorgan Raises US Q2 Real GDP Forecast to 1.4% from 0.7%
... MoreGoldman Sachs Sees Many Firms Missing Q2 Revenue Estimates on Strong Dollar
July 25, 2022 5:53 AM EDTSeveral firms that missed Q2 revenue estimates have recently blamed the strong U.S. dollar. Goldman Sachs calculation shows that a 10% appreciation in the trade-weighted dollar creates a 2-3% impact on EPS.
David Kostin, Goldman Sachs chief U.S. Equity Strategist, sees many more companies reporting weaker-than-expected Q2 revenue numbers due to the strong greenback.
However, there is a huge difference in the impact produced by the strong dollar when... More
