Category: Uncategorized

Retail sales rose more than expected in June as consumers remain resilient despite inflationRetail sales rose 1% in June, slightly better than the 0.9% estimate.The numbers are not adjusted for […]

Gold heads toward fifth weekly decline on dollar strengthGold prices eased on Friday and were poised for a fifth straight weekly loss, as expectations of a sizeable rate hike by […]

Oil rises on prospects of less aggressive U.S. rate hikeOil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand […]

Dow pops 400 points as Wall Street applauds latest bank earnings, strong June retail salesStocks jumped on Friday as traders digested a fresh batch of bank earnings and retail sales […]

China’s GDP growth misses expectations in the second quarterChina eked out GDP growth of 0.4% in the second quarter from a year ago, missing expectations as the economy struggled to […]

Dow slumps 600 points as traders worry about larger rate hikes, JPMorgan falls after earningshttps://www.cnbc.com/2022/07/13/stock-futures-slip-after-wednesdays-session-as-wall-street-awaits-bank-earnings.html

Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenueMorgan Stanley reported second-quarter earnings and revenue that were below analysts’ expectations.The bank’s results were hurt by a steep 55% decline […]

EU hikes inflation forecast to 8.3% for 2022 as Russia-Ukraine war drives soaring pricesIn May, the European Commission expected inflation in the euro area to hit 6.1% in 2022, before […]

World’s largest chipmaker TSMC posts record profit allaying fears over semiconductor headwindsTSMC, the worlds biggest chipmaker, posted record net profit in the second quarter.However, TSMC CEO CC Wei said that […]