(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%…
(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…
(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) 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.…
(Bloomberg) Analysts are speculating that China’s central bank will cut rates on Friday after it hinted at the policy move to spur rural finance in a slowing economy. The statement…
(Gap Inc.) Gap Inc. net sales in the second quarter of 2021 rose the highest in over a decade at 29% year over year to $4.2 billion. For the first…
(Dell) Dell Technologies announced a record revenue of $26.1 billion in the second quarter of 2022, up 15% year over year. For the six months of fiscal 2022, Dell’s revenue…
(Bloomberg) Seek Capital, the family office of billionaire investor Simon Nixon, aims to raise allocations into digital assets. The family office seeks to hire an analyst on the crypto sector…
(Ulta Beauty) Ulta Beauty, Inc. announced a net income of $250.9 million in the second quarter of the 2021 fiscal year, up from $8.1 million in the corresponding period last…
(BEA) US real gross domestic product surged at an annual rate of 6.6% in the second quarter, a higher increase than the 6.3% jump in the first quarter. The increase…
(Department of Labor) US jobless claims rose by 4,000 to hit 353,000 in the week that ended August 21. The claims were higher than the expected 350,000. On a four-week…
(ECB) EU’s July 21-22 meeting has revealed that the central bank projects the economic activity to return to the pre-crisis level in the first quarter of 2022. ECB cites improving…