Fed’s Inflation Gauge Stokes Rate-Cut Hopes as Prices Stabilize
Fed’s Inflation Gauge Aligns with Expectations The latest reading of the Fed’s preferred inflation gauge showed price increases in July that aligned with Wall Street’s...
Banks and Brokerages Face Scrutiny Over Interest Payments on Idle Cash
Banks Paying Low Interest on Idle Cash? – As interest rates remain high, banks and brokerages are facing intense scrutiny over how they manage customer...
US Stocks Rally as Inflation Data Boosts Rate-Cut Hopes
US Stocks Surge on Inflation Data US stocks opened higher on Friday, with a strong push towards ending the week on a positive note, as...
Dow Hits Record High, Other Markets Dip After Nvidia Results
Dow Hits Record High – The stock market experienced a mixed performance on Thursday, with the Dow Jones Industrial Average (DJIA) reaching a new all-time...
Gap Reports Strong Q2 Earnings, Signaling a Comeback
Gap Revenue and Margin Improvement – The company’s total revenue for the quarter climbed by 5% to reach $3.72 billion, surpassing analysts’ estimates. This growth...
Fitch Affirms US Credit Rating at “AA+”, Despite Rising Debt Concerns
Agency Maintains Stable Outlook Fitch Affirms US Credit Rating – Ratings agency Fitch has affirmed the United States’ credit rating at “AA+”. This decision highlights...
Dollar General’s Stock Tumbles as Customers Feel Financial Strain
DG Stock Price Drop : Dollar General (DG) stock plummeted by 28% on Thursday. This decline followed the company’s announcement that it had cut its...
Best Buy Surprises with Strong Q2 Results and Raises Outlook
Best Buy Strong Earnings and Sales Growth – Best Buy Co., Inc. (BBY) recently reported impressive financial results for the second quarter of fiscal 2023....
Applications for Jobless Benefits Decline Amid Stable Labor Market
Jobless claims decrease by 2,000 — The number of Americans seeking unemployment benefits fell slightly last week. This decline shows that the U.S. labor market remains...
U.S. Economy Grows at a Healthy 3% Pace in Second Quarter
Strong Consumer Spending and Business Investment Fuel Growth U.S. economy grew at a strong annual pace of 3% from April to June. This growth was...
