tybs
Big banks to report first quarter results with lowered expectations
NEW YORK (Reuters) - Investors will focus on falling profits, a more dovish Federal Reserve and lower interest rates as major U.S. banks kick off what analysts expect to be the first quarter of contracting corporate earnings since 2016.
On Friday, April 12, JPMorgan Chase & Co and Wells Fargo & Co will post results to begin the earnings season in earnest. Citigroup Inc and Goldman Sachs Group Inc will report the following Monday, followed by Bank of America Corp and Morgan Stanley on Tuesday.
In the wake of the Federal Reserve’s cautious shift due to signs of softness in the U.S. economy and the subsequent drop in 10-year Treasury yields, S&P 500 banks are seen posting year-on-year first-quarter earnings growth of 2.3%, down from 8.2% forecast six months ago, according to Refinitiv data.
https://www.reuters.com/article/us-usa-stocks-weekahead-idUSKCN1RH1WX
Excavator writes Reiwa in calligraphy
(just for entertainment purposes)
The Yomiuri ShimbunA calligraphy performance to write the new era name Reiwa with the arm of a heavy machine was demonstrated Friday at Miraikan (National Museum of Emerging Science and Innovation) in the Odaiba area of Koto Ward, Tokyo. A calligraphy brush was attached to the tip of a three-ton hydraulic excavator’s arm, and the operator carefully manipulated two levers to write the kanji characters reiwa on a sheet of paper.
http://the-japan-news.com/news/article/0005657456
no control of what is put in here. how could it be that?