The Latest Breaking News from FactSet

Less-expensive gas likely slowed U.S. consumer inflation in May

Over the last 12 months, the S&P 500 has increased 26.30%, the Dow Jones has risen 19.30%, and the Nasdaq index has advanced 31.50%.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

According to FactSet, the performance of the S&P 500 relative to earnings estimates continues to improve as more companies release their financial statements.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. CEO Carol Tome said that the job cuts will produce $1 billion in cost savings.

The government is expected to report that underlying inflationary pressures eased further in December

The year-long earnings recession ended in the third quarter, but analysts are increasingly concerned about Q4.