Sean Horgan

Head of Investor Relations @ MoneyLion

$shorgan

HP HICCUP

? Hewlett Packard’s (HPQ) shares took an 8% nosedive after Q3 earnings revealed a revenue shortfall, hitting $13.2 billion instead of the expected $13.37 billion.

?️ While PC revenues are predicted to bounce back, analysts are skeptical about the company’s printing sector’s future growth.

? Deutsche Bank cut HP’s price target but admired its ability to maintain good operating margins amidst a demanding environment.

Source: shutterstock

ADP REPORTS SLOWING US JOB GROWTH 

? Job creation in the U.S. took a nosedive in August, with only 177,000 jobs added, falling short of the expected 200,000. 

? ADP’s report hinted that the robust U.S. economy might be feeling the heat from rising interest rates. Despite the slowdown, the Federal Reserve cranked up rates to a 22-year high in July, hinting at more hikes on the horizon. 

? The ADP report has traditionally been seen as a signal of the what the official Department of Labor’s monthly jobs report will show, but a change in methodology has made it a less reliable indicator. The “real” August jobs number is set to be released Friday, which might cause some surprises if it’s not consistent with today’s ADP number.

Source: shutterstock

BOE BLOWOUT

? The Bank of England’s bond-buyback strategy faced ballooning costs, with losses “materially higher” than earlier predictions.

? U.K. Treasury’s safety net for the Bank of £150 billion ($189 billion) wasn’t enough. The real setback? Approximately £23 billion more than expected over two fiscal years.

? Inflation’s on the rise and so are unexpected costs, yet a robust economy might mask this looming financial hiccup. At least, for now.

Source: shutterstock

Active Investing

Learn More

Managed Investing

Learn More

Marketplace

Learn More

Crypto

Learn More