US Economic Growth Beats Expectations In Second Quarter
The US economy grew by 2.8% According to gross domestic product (GDP) statistics released by the Bureau of Economic Analysis (BEA) on Thursday, the global economy is expected to recover in the second quarter of 2024. Growth in the first quarter of 2024 was low, but growth in the second quarter was 1.4% After being […]
Google parent Alphabet posts 29% jump in profit on digital ad growth, AI offerings
Alphabet Inc. on Tuesday reported better-than-expected second-quarter revenue and profit, helped by rising digital advertising sales and solid demand for its cloud-computing services, but warned that capital spending will remain high for the year. Alphabet’s results highlighted strong demand for digital advertising, driven by events such as the Paris Olympics and elections in several countries, […]
30 Million Migrants Taking U.S. Jobs, Far Outpacing Growth of Americans
According to a Pew Research Center study, working- and middle-class Americans are competing for jobs with more than 30 million immigrants, including legal immigrants, visa workers and illegal immigrants. Latest from the Pew Research Center show As of 2022, there are more than 30 million legal and illegal immigrants in the United States working American […]
2 Growth Stocks That Could Skyrocket in the Back Half of 2024 and Beyond – Yahoo Finance
Lululemon Athletica (Nasdaq: LULU) and Celsius Holdings (Nasdaq: CELH) are two consumer brands that have been hugely popular for years. Both stocks have performed well over the past few years but have seen significant sell-offs this year. Let’s take a look at why these stocks were sold off and why they are likely to rebound […]
Regional bank growth is being impeded by higher rates – Yahoo Finance
Along with major banks, regional banks are also announcing their quarterly financial results. The bank has forecast that its net interest income (NII) will decrease. Rising interest rates have stifled lending activity this year, forcing regional banks to focus on retaining customers, pushing up deposit costs as a result. Additionally, Comerica (CMA) is facing an […]
Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth – PYMNTS.com
American Express The earnings, released on Friday (July 19), showed that consumers continue to spend money on experiences, especially dining out, driven by younger generations who are using their cards more frequently. Spending by millennial and Gen Z customers increased 13% year over year, according to executives. CFO Christophe Le Caillec Spending growth was seen […]
Gov. Abbot’s Asia tour champions a new era of American manufacturing, tech growth
Last week, Gov. Greg Abbott (R-Texas) returned from an economic development trip to Taiwan, Japan and South Korea, where he “met with corporate executives, business leaders, foreign dignitaries and government officials to promote Texas’ booming economy and foster the development of industries critical to the future of the global economy,” according to the Texas Economic […]
UK jobs market cools again as wage growth slows | Economics
British wage growth slowed to its lowest level in two years in May due to a weakening jobs market, highlighting the challenges for the Bank of England as policymakers consider whether to cut interest rates. The numbers are UK Office for National Statistics The ONS said annual wage growth slowed to 5.7 percent in the […]
Burberry ousts chief executive; China economic growth disappoints – business live | Business
Important Events As expected, Burberry’s shares fell after this shocking news broke on Monday morning. The fashion company’s shares fell 11% in early morning trading. It’s been a pretty tough year. Today’s decline is in the bottom right of the chart below. But it’s been one-way traffic for the majority of 2024. The stock is […]
UK economy returned to growth in May | Office for National Statistics
The UK economy returned to growth in May after a slowing April, resuming its recovery from last year’s recession. Britain’s gross domestic product (GDP) grew 0.4% month-on-month, after registering zero growth in April when wet weather hit consumer spending, according to figures from the Office for National Statistics (ONS). City economists had expected growth of […]