(BLS) US consumer prices showed less signs of slowing down after a 5.4% jump in June from a year ago, the biggest monthly gain since August 2008. The inflation jump…
(Pepsi) Soda giant Pepsi has hiked its guidance for both the sales and earnings this year, following the double-digit climb recorded in the second quarter. Pepsi expects organic revenue growth…
(Nokia) Finnish multinational tech firm Nokia will hike its financial guidance figures for 2021, following the strength recorded in the second quarter of the year. Nokia previously expected sales between…
(Bloomberg) Chinese central bank added market uncertainty on Friday after saying it will cut bank reserve requirements by 0.5% amid economic slowdowns. Analysts are uncertain of the extent of China’s…
(Federal Reserve NY) Median consumer price expectations rose 0.8% to a record 4.8% at the one-year horizon. The inflation expectations at the three-year horizon were unchanged at 3.6%. The uptick…
(CNBC) Tesla CEO Elon Musk testified in court today defending the company’s $2.6 billion SolarCity acquisition over dispute with shareholders. Shareholders in the case claimed the 2016 deal was a…
(CryptoCompare) Cryptocurrency exchanges have witnessed more than 40% slump in trading volumes in June digital tokens. Traders were cautious of China’s crackdown and lower volatilities. Spot trading volumes declined by…
(Federal Reserve) Amounts of consumer credit in the US rose at an annual rate of 10% in May, almost double April’s rate of 5.7%. Revolving credit jumped by 11.4%, up…
(Bloomberg) Virgin Galactic extended its bullish run, jumping as much as 10% following a successful space flight of founder Richard Branson on Sunday. Branson landed into the lower reaches of…
(Stamps.com) Software investment firm Thoma Bravo is set to acquire Stamps.com in an all-cash transaction of $6.6 billion. Stamps.com stockholders are set to receive $330 per share in the deal,…
(Bloomberg) China’s producer price index eased to an expansion of 8.8% year over year, after May’s high of 9% on commodity price control measures and stronger dollar. Consumer prices ticked…
(Bloomberg) Rates on a 30-year mortgage in the US slid to 2.9%, the lowest since February 18 and below 2.98% reached last week. The plunge in mortgage rate follows plunges…