This spill is already one of the worst of all time: the Coast Guard's upgraded estimate (April 29) is that 5,000 barrels of crude oil will blast out of the ocean floor every day, a mile deep.
Forecasting firms on Tuesday upgraded their estimates for growth and job gains over the next two years.
He said the surge in technology stocks over the last few years had been driven by continually upgraded earnings estimates.
The fund this week upgraded its estimate of global growth in 2012 and 2013 from estimates made in January, but did so with major caveats.
He sharply upgraded his estimate of the probability of a recession to 50 percent from 20 percent, and downgraded his estimate of economic growth this year to the range of 1 to 1.5 percent — low enough that an actual economic contraction could easily occur.
In another indication that the American advertising market may be moving out of its serious slump, a Wall Street analyst has upgraded his estimate for ad spending this year.
Well, recall my little typology of rate rises: With stocks down and the dollar up, this looks like a market that has upgraded its estimate of the chances that the Fed will tighten too soon.
And Mr Krugman curiously omitted the one really sunny piece of economic data released this week: the Bureau of Economic Analysis upgraded its estimate of third-quarter GDP growth from a worrisome 1.6%, to a respectable-if-unexciting 2.2%.
More focused marketing spend, and further cost efficiencies across most categories means we upgrade our estimates by 2%-82%-8%
Analysts are upgrading earnings estimates for carmakers and their suppliers, technology companies, hotel and leisure groups, media and financial-services firms, with health care and chemicals joining their ranks, says Sharon Bell of Goldman Sachs, an investment bank.The benefits of this changing mood are not evenly distributed, however.
