US inflation slowed in July, mainly reflecting drop in oil prices due to recent ceasefire in the Middle East, and signaling less pressure on the US central bank to raise interest rates in September. The Consumer Price Index ticked lower to 3.4% (y/y) in July, in line with expectations, from 3.5% in June, while core […]
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Corporate America is posting record-breaking profits, with 86% of S&P 500 companies beating earnings expectations during the second quarter, FactSet reported. For Wall Street, the picture could hardly look brighter, as double-digit profit growth extends Read more…
U.S. economic data has been clear for well over a year: The top earners in this country are doing quite well. Thanks to U.S. stock indexes that reached new all-time highs earlier this month, the Read more…