U.S. business investment stabilizing, economy slowing
New orders for key U.S. made capital goods surged in June, suggesting some improvement in business investment, but economic growth is still expected to have slowed sharply in the second quarter amid weaker exports and a smaller inventory build.
U.S. labor market strong; mid-Atlantic manufacturing rebounds
The number of Americans filing applications for unemployment benefits increased moderately last week, pointing to still strong labor market conditions despite signs that economic activity was slowing.
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.
Jamie Dimon raves about the strength of the US consumer, calls global economy ‘not that bad’
J.P. Morgan chief Jamie Dimon on Tuesday praised the strength of the U.S. consumer following the largest U.S. bank’s strong quarterly earnings report.
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.
China posts its lowest quarterly growth in 27 years as the trade war drags on
China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in at least 27 years, as the country’s trade war with the U.S. took its toll.
JP Morgan raises its stock market forecast, sees a China trade deal and an easy Fed
J.P. Morgan raised its 12-month S&P 500 forecast on Monday, telling clients the market is set for even more gains in the second half of the year as the Federal Reserve pivots toward easier monetary policy and the Trump administration looks to end its entrenched trade war with China.
PepsiCo CFO: ‘We don’t see any sign of a consumer slowdown’ in the US
PepsiCo CFO Hugh Johnston said Tuesday that the snack and beverage giant still thinks the consumer economy is strong.