Tag: U.S. economy

Home » U.S. economy
'I don't think we're facing the next GFC,' UBS U.S. chief economist says
Post

Next global financial crisis is not ahead: UBS U.S. chief economist

Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes. U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed earlier this month. This...

Walgreens earnings tumble on lower Covid demand
Post

Walgreens (WBA) earnings Q3 2023

Walgreens Boots Alliance on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter due to lower consumer spending and a drop in demand for Covid vaccines and testing. The retail pharmacy chain lowered its earnings guidance to a range of $4.00 to $4.05 per share...