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October 7, 2025 Economy by ORANEC

Reeves doesn’t have a ‘credible plan’ for the economy, warns ex-OBR official

Rachel Reeves does not have a credible plan to grow the economy and get debt down, one of Britain’s most respected economists has said.Sir Charlie Bean, who has held senior posts at both the Office for Budget Responsibility (OBR) and the Bank of England, said he did not believe that Ms Reeves’s policies could arrest the recent upward lurch in UK borrowing costs.His intervention comes as economists warn that Ms Reeves will have to raise taxes by at least £30bn to balance the books in her November Budget. The predicament is partly of the Chancellor’s own making after costly about-turns blew a ho…

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October 7, 2025 Economy by ORANEC

Where is Carter’s, Inc. (CRI) Headed According to Analysts?

Carter’s, Inc. (NYSE: CRI ) is one of the most undervalued retail stocks to invest in . Carter’s, Inc. (NYSE:CRI) reported net sales of $585 million in its fiscal Q2 2025 results as compared to $564 million in the prior year period, reflecting a growth of 4%. Adjusted EPS for the quarter reached $0.01 compared to $0.76 in fiscal Q2 2024.Following the earnings release, Citi analyst Paul Lejuez maintained a Hold rating on the stock on 29th July, bringing the price target down to $28 from $33.The same day, Barclays maintained a Sell rating on Carter’s, Inc. (NYSE:CRI) and slashed the price target…

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October 6, 2025 Economy by ORANEC

'All news is good news': Wall Street shrugs off government shutdown, jobs report delay

Investors largely shrugged off the start of the US government shutdown, with the major indexes continuing to notch record highs as Wall Street leaned on AI momentum and expectations for further easing of interest rates by the Federal Reserve.The stock market rally, led by large-cap tech, comes even as Washington gridlock delays critical economic data, including the September jobs report. Without those figures, both investors and policymakers are flying blind, turning instead to private-sector readings that point to a sharper slowdown in the labor market.Yet the missing data hasn’t derailed the…

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October 6, 2025 Economy by ORANEC

Stocks trade at record highs as government shutdown leaves economic data in limbo: What to watch

The biggest story for investors in the week ahead will be all the stories that won't be told.Should the government remain shut down, releases including the Census Bureau's imports and exports figures, wholesale trade and inventories, and the key jobless claims numbers from the Labor Department will be delayed.And this after we already missed Friday's September nonfarm payrolls numbers, muddying the economic picture for investors and policymakers with the Federal Reserve's next policy announcement due out in just over three weeks.What we will get this week are the minutes from the September FOM…

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October 6, 2025 Economy by ORANEC

Vietnam's footwear exports to US fell 27% in Sept amid Trump tariffs

HANOI (Reuters) -Vietnam's footwear exports to the United States plunged 27% in September to $611 million, marking the steepest decline among all sectors following the implementation of tariffs by the U.S. government, according to customs data released Monday.Textile exports also saw a sharp monthly drop of 20%, while shipments of phones and components fell by 24.38%, according to the customs.Despite these sectoral declines, Vietnam's overall exports to the United States edged down just 1.5% to $13.7 billion in September, cushioned by gains in coffee and machinery exports, the data showed.(Rep…

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October 6, 2025 Economy by ORANEC

Japan's stocks zoom, yen slumps as Takaichi win dims BOJ hike bets

By Rocky Swift and Junko FujitaTOKYO (Reuters) -Japanese shares surged to a record high on Monday, while the yen and long-term bonds plunged as Sanae Takaichi was all but confirmed to become the country's next premier, stoking bets on a revival in big spending and loose monetary policy.The Nikkei 225 Index soared 5% to 48,051.32, breaking through three psychologically key thousand point barriers for the first time ever. The broader Topix gauge was up 3.3%.The 30-year Japanese government bond (JGB) plunged, sending the yield to the brink of a record high. Meanwhile, the yield on the two-year no…

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