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The expected earnings growth of 15-16% for the year is primarily driven by upward revisions in the energy, materials, and technology sectors.
Iran possesses the capability to shut down the Strait of Hormuz using drones and fast boats.
Iran has emerged from its recent conflict in a stronger position, selling more oil, making more money, and consolidating domestic control.
The risk of a stagflationary scenario is increasing and becoming a more prominent concern for investors.
The trend of technology companies becoming more capital-intensive could lead to a decline in their free cash flow over the next 36 months.
Europe is reported to have only two weeks of jet fuel reserves remaining.
Citigroup's return on tangible equity was 13.5% for the quarter, significantly higher than its full-year target of 10-11%.
Citigroup may be interested in acquiring a large regional bank to bolster its U.S. deposit presence, according to a Bloomberg News report.
Individuals with assets in the U.S. are approximately 75% wealthier than they were six years ago.
Airlines are anticipating oil prices to reach $110 per barrel and are raising their estimates due to high consumer demand.
BNY Wealth's investment strategy committee expected the U.S. economy to grow by close to 3% in the current year, as of their January 1st forecast.
Consensus earnings estimates have increased by 3% since the beginning of the year.