Wall Street’s outlook for S&P 500 earnings is getting gloomier https://ift.tt/VIGLKiU cutting S&P 500 earnings estimates for nine straight weeks, analysts have finally priced in negative earnings growth for the final quarter of this year. According to Bloomberg Intelligence, analysts now project S&P 500 earnings to decline 0.39% year-over-year in the fourth quarter, down from August’s expectations of 6% growth.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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