The Case-Shiller house price indexes for March were released this yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: Expect More of the Same from Case-Shiller in April The March S&P/Case-Shiller (SPCS) data published [yesterday] showed home prices continuing to appreciate at […]
The annual World’s 50 Best Restaurants List won’t be published until next Monday, but today we have spoilers. Sponsored by San Pellegrino and Acqua Panna and voted upon by an international jury of chefs, critics, and food world luminaries, the list has just named 2015’s top 51-100 restaurants in the world — aka the runners up […]
Gilead Sciences, Inc. (NASDAQ:GILD) has finally managed to recover from the prolonged declining prescription volumes for its hepatitis C virus (HCV) drugs. The prescription volumes for Gilead’s HCV franchise, Sovaldi and Harvoni, for the month of April were at the verge of leading to an alarming situation for the drug-maker, as it was the first […]
Women with cloud computing skills appear to be in high demand in Silicon Valley. A group of quant researchers at Deutsche Bank analyzed a database of several million job listings from job search engine LinkUp. They found various interesting correlations between job listing measures and stock performance, and between job listings and labor market indicators. […]
The pattern of the Intel (INTC) chart off the March corrective low (29.31) exhibits bullish form. This “warns us” that INTC likely is on the verge of upside acceleration that revisits the Dec high at 37.90, in route to my optimal higher intermediate-term target zone of 43.00-45.00. Originally published on MPTrader.com.
Argus Feed: May 27, 2015 9:51 pm L.A. Times - Business
As Amazon.com, Inc. (NASDAQ:AMZN) came under scrutiny by the European Union for tax evasion, it began to reveal its revenues in different countries in the continent to limit to prevent the consequences. However, as Reuters reports, the European Union will continue to closely observe the e-commerce giant, impose new tax bills, and manage its tax […]
Speculation has shifted to who will replace New York State Department of Financial Services Superintendent Benjamin Lawsky, who is leaving the position to launch a legal and consulting firm. Lawsky took the reins for DFS four years ago after Gov. Andrew Cuomo appointed him to the agency after its creation. In the time since, he’s racked […]
Uber is going to start building its new San Francisco headquarters this fall, and today we got the first look at what it’ll look like.
The campus will be in San Francisco’s Mission Bay neighborhood near the upcoming arena for the Golden State Warriors basketball team, in the spot that Salesforce was going to occupy before it decided to build a big skyscraper downtown instead. It will open in 2017 or 2018, the company tells SF Gate.
Here’s what it will look like. The coolest feature looks to be the transparent walkways connecting the buildings:
There’s also going to be a glass-enclosed area that appears to hover over the street.
– Australian Private Capital Expenditure (Q1) Q/Q Exp. -2.2% (Low -5.4%, High 0.8%) Prev. -2.2%.
– The Equipment, plant and machinery spending component, is expected to fall by a further 1.2%. This is against a prev. fall of 1.3% Q/Q, which was the lowest quarterly spend since December 2011.
– As a guide, the “equipment, plant and machinery” component of this total feeds into next week’s GDP (March 4th) business investment figures.
2015/16 2nd ESTIMATE EXPECTATIONS
– Australian Private Capital Expenditure (Q1) Q/Q Exp. 115bln (Low 100bln, High 120bln) Prev. 109.8bln.
– The most significant element of today’s release will be the 2nd estimate of what Australian companies plan to spend in 2015/16. The 1st estimate for the 2015/16 financial year was AUD 109.799bln, which was down 12.4% on the first estimate made for expenditure in 2014/15.
– According to Business Insider’s influential economist David Scutt, based on historic data, on average, the 2nd estimate is 7.8% higher than that offered in the 1st estimate. That would equate to a figure of ~AUD 118.363bln.
Investment bank expectations/calls:
– CBA sees risk that Australia’s 2015/16 capital spending expectations are upgraded from the first estimate released in February.
– RBC forecasts Q1 private capital expenditure data should maintain a soft tone from Q4, predominant theme should continue to be that non-mining sector is struggling with high AUD and weak national income growth, and risk mining capex plans are cut again.
– ANZ says focus will be on the non-mining capex outlook numbers which we expect to remain soft. Expects a raw non-mining capex estimate of AUD 56bln for 2015-16, implying a fall of roughly 4% for the year, a modest improvement from the very disappointing 1st estimate.