Negative earnings season just turned positive as companies beat lower forecasts
After a great start to earnings season, overall profits are no longer expected to decline
Amazon says this year’s Prime Day surpassed Black Friday and Cyber Monday combined
Amazon said it sold more than 175 million items during this year’s Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined.
U.S. retail sales ease fears over economy; rate cut still seen
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment.
Homebuilder sentiment ticks up slightly, as housing shortage intensifies
The nation’s homebuilders should be ecstatic, given the supply of existing homes for sale and falling mortgage rates.
U.S. job growth accelerates; wages rise moderately
U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
Strong SUV, truck demand drive US auto sales higher in June
Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still fairly strong for SUVs and pickup trucks while passenger car sales continued a long-running decline.
Manufacturing was better than expected in June, but inflation remains muted
Manufacturing activity was surprisingly strong in June, according to a closely watched gauge leased Monday that also pointed to a rebound in hiring.
U.S. consumer spending, inflation rise moderately in May
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.
Consumer sentiment slightly beats expectations in June
Consumer sentiment rose to 98.2 in June, coming in slightly above the forecast of 98.0.
Moderate U.S. consumer spending, inflation support rate cut
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.