China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
How AI prompting turned writerly description into an everyday skill 
How Donald Trump has changed the way diplomacy is done 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Today’s space race could turn fatal if we don’t agree on new rules 
AI Memory Boom Sparks Global Chip Supply Crunch 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
With US Federal Reserve looking to hike rates, investors and companies have postponed their investments unsure of what a first rate hike might bring.
So it is likely that US earnings might suffer in the second quarter which brings S&P500, Dow jones and NASDAQ at risk of decline after earnings release. Strong US dollar has made imports cheaper than domestic products.
- The above chart shows, analysts' expectation of earnings in the second quarter.
- Analysts are expecting earnings to be down by -4.6% in the fourth quarter. This is the worst forecast since 2009. At end of March, Analysts were expecting decline of just -2.3%.
- Latest decline in earnings growth is being contributed by consumer discretionary (down to 4.2% from 9%), utilities (down to 2.2% from 5.3%), Information technology (down to 1.1% from 4.3%), materials (down to 0% from 4%), industrials (down to -3.2% from 4.2%) and consumer staples (down to -3.6% from -1%).
- Energy sector earnings are expected to decline the most by -61% and healthcare earnings are expected to be highest at 7.7%.
