Record Home Prices Push Sales Down 1.8% in July
(NAR) Pending home sales in the US plunged 1.8% to an index of 110.7 in July from June and from a year ago, driven by demand falls on record high…
What Investors Are Watching Out For After Earnings Season
(Bloomberg) American equities recently hit record highs, leaving investors looking for leads from economic data available to provide guidance on future trades. Among the factors to be considered is the…
Li Auto Deliveries Jump 166.1% in Q2. Narrows losses by 34.6%
(Li Auto) Li Auto Inc. reported a total of 17,575 vehicle deliveries in the second quarter, a 166.1% year-over-year jump. Following a robust quarter, Li Auto narrowed net losses to…
Japan’s PM Candidate Kishida Calls for Trillions of Yen Stimulus
(Reuters) Fumio Kishida, a candidate running for Japan’s prime minister position in the next election, has called for an economic stimulus running into tens of trillion yen. Kishida’s proposal includes…
CCB’s First Half Year Profit Jumps 10.92% Buoyed by Financial Inclusion
(China Construction Bank) China Construction Bank’s net profit increased 10.92% to RMB154.106 billion in the first half-year of 2021 compared to the same period of last year. CCB’s extended loans…
Baxter is Closing $10 Billion Deal to Acquire Hill-Rom after Fresh Bid
(WSJ) Baxter International Inc. is close to agreeing on a deal to acquire medical equipment maker Hill-Rom Holdings Inc. for about $10 billion. The newly submitted bid by Baxter values…
Fed’s Powell Hints at Bond Tapering This Year. Inflation Still Transitory
(Fed) Fed’s Chair Jerome Powell has reiterated that the uptick in inflation is temporary, reaffirming the central bank’s plan to taper monthly bond purchases later this year. The Fed chair…
Consumer Sentiment Plunges 13.4% as Optimism on Personal Prospects Worsen
(University of Michigan) US Consumer Sentiment Index fell by 13.4% in late August from July as individuals grew concerned about personal financial prospects. On a year over year basis, consumer…
US Personal Incomes Jump 1.1% on Higher Compensation and Social Benefits
(BEA) Personal incomes in the US rose by 1.1% or $225.9 billion in July from June as workers enjoyed higher compensation and government social benefits. Disposable personal income rose 1.1%…
China Seeks Tough US Listing Rules for Firms that Handle Sensitive Data
(WSJ) China Securities Regulatory Commission is planning to bring a new proposal that will limit companies with sensitive consumer data from going public in the US. Officials from the commission…
Cuba Seeks to Grow Global Remittances by Allowing and Regulating Crypto Assets
(Bloomberg) The Cuban government is aiming to recognize and regulate cryptocurrencies in a move aiming to encourage their use for remittances by its citizens abroad. The government has said it…
Peloton Reports a Loss of $313.2M in Q4 Despite a Jump in Subscription Revenue
(Peloton) Peloton Interactive, Inc. announced a net loss of $313.2 million in the fourth quarter of 2021, compared to a profit of $89.1 million in the same period of last year.…
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