The International Monetary Fund (IMF) is cutting its outlook for the world economy. Why? Earnings season kicking off this week. A top financial advisory firm tells us we may see earnings hit bottom this quarter before going back up. A Zillow economist says house flipping is not a good way to get rich quick, but other…
NTD Business (April 11): IMF Cuts Growth Outlook for World Economy; Earnings to Bottom This Quarter: Analyst
US Stocks Rise Following Solid Earnings Reports
Stocks on Wall Street closed broadly higher Wednesday as investors welcomed encouraging economic data and quarterly earnings reports from big companies including Starbucks. The S&P 500 rose 1.6 percent to an almost 2-month high, while the Nasdaq gained 2.6 percent. Both indexes more than recouped losses earlier in the week. The Dow Jones Industrial Average…
US News
- City News ServiceSAN DIEGO—A 29-year-old one-time X Games BMX star was killed in a motorcycle accident at a Ramona motocross park, authorities reported June 7. Pat Casey of Riverside was fatally injured… [...]
- Sophie Li“If [lawmakers] change how they are dealing with these issues, they’ll have to admit that they were wrong,” said former Republican California State Sen. Melissa Melendez regarding why she thinks… [...]
- City News ServiceSAN DIEGO—A 70-year-old man who pleaded guilty to fatally stabbing a National City convenience store clerk almost 50 years ago was sentenced June 7 to five years to life in… [...]
- Janice HisleIf a federal indictment of former President Donald Trump was imminent during the afternoon of June 7, he denied being informed about it. Throughout the day, numerous news reports were… [...]
- City News ServiceLOS ANGELES—A man convicted of fatally shooting a research scientist as he slept inside a tent with his two young daughters in Malibu Creek State Park in what the judge… [...]
- Elizabeth DowellResearchers have discovered that ancient rising lakes may trigger California earthquakes along the San Andres fault line. The new study, published Wednesday in Nature, investigated earthquake activity along the southern… [...]
- Joseph LordA bipartisan group of lawmakers has announced the formation of a task force to combat China’s growing influence in the Indo-Pacific. During a press conference at the House Triangle in… [...]
- Carol CassisDisneyland Resort in Anaheim, California, has announced the renovation of its Paradise Pier Hotel into a Pixar-themed location will be finished by the end of the year. Complete with a… [...]
- Ryan MorganSeveral Republican senators are urging the Department of Defense’s Inspector General to investigate their claims that a DOD official leaked classified information to shield President Joe Biden from criticism for… [...]
- Roman BalmakovThe Centers for Disease Control and Prevention (CDC) has just released a new report detailing a massive viral outbreak on a cruise ship that was traveling from the United States to… [...]