Immigration Helps The U.S. Economic Forecast, Says One Data Set [Forbes]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Forbes
Estimates of recent immigration from different government organizations vary widely, but the most plausible story has very high immigration stimulating job growth. The strong performance of the economy in 2023 and so far in 2024 has been a great surprise to those of us in the economic forecasting profession. The Federal Reserve's tightening should have slowed economic growth and perhaps sent us into recession. Instead, the second half of 2023 was very strong in terms of inflation-adjusted gains of gross domestic product. Over the long run, GDP has grown at annual rates of about two percent per year. But the last two quarters of last year came in at 4.9% and 3.4% annualized rates. Not only was the slowing-growth story unfulfilled, but just the opposite happened. First quarter 2024 GDP grew at a slower pace, but we're still surprised by the resilience of the economy. Immigration provides a plausible, though not certain, explanation. The economy was running labor-constrained even bef
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PCG
News
- Dates Set for PG&E Quarterly Stock DividendsPR Newswire
- PG&E Co. (NYSE: PCG) had its price target raised by analysts at Mizuho from $21.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
- Voice Assistant Builder PolyAI Closes $50 Million Series C; Backers Include Hedosophia, Nvidia and Khosla Ventures [Yahoo! Finance]Yahoo! Finance
- Why your electricity bill might go up as early as next year [Los Angeles Times (CA)]Los Angeles Times
- PG&E Recognized for Remote Grid Program [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/7/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- PCG's page on the SEC website