According to the Bureau of Economic Analysis’s second estimate, the U.S. economy expanded by 1.6% quarter-on-quarter (q/q, annualized) in the first quarter – a bit lower than 2.0% reported in the advance estimate. The downgrade was largely due to a weaker pace of consumer spending and inventory investment. Major contributors to Q1 growth included investment, […]
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St. Louis Federal Reserve President Alberto Musalem pushed back against growing optimism that artificial intelligence-driven productivity gains could eventually solve the inflation problem and justify easier monetary policy. Speaking at an economic conference in Reykjavik, Read more…
Box Inc (BOX) just fell roughly 4% on May 27 after reporting first-quarter results. While many investors still view Box as a traditional cloud storage company, CEO Aaron Levie used the earnings call to lay Read more…
Markets In the ‘glass half full, glass half empty’ dynamics, markets this morning titled to a more risk averse bias as mutual attacks and accusations of breaching the ceasefire between the US and Iran suggested Read more…