Dow surges 400 points, strong retail sales data ease fears of slowdown
The Dow Jones Industrial Average surged more than 500 points and the Nasdaq Composite rose 2% after July retail sales data showed strong consumer spending, easing concerns that the world’s largest economy could slip into recession in the near future. The Dow Jones Industrial Average rose 554 points, or 1.4 percent, to 40,563.06. The S&P […]
Walmart raises outlook on strong demand from inflation-battered shoppers
Walmart Inc. reported a better-than-expected second-quarter profit and raised its annual outlook as inflation-hit shoppers flocked to the company’s low-priced food, clothing and household goods. Walmart shone thanks to its affordable prices: Same-store sales excluding fuel rose 4.2% in the second quarter from a year ago, beating expectations. The company’s U.S. online sales jumped 22% […]
Stock market today: Dow soars 555 points as strong economic data calms recession worries – Markets Insider
Stock indexes recorded big gains on Thursday, with the Dow Jones Industrial Average rising 555 points as investors digested new strong data. Newly released data showed retail sales rose 1% in July, beating analysts’ expectations of a 0.3% increase. The number of unemployment insurance claims filed last week was 227,000, down 7,000 from the previous […]
US stocks rally as strong retail sales raise hopes of ‘soft landing’ – Financial Times
Positive US retail sales data and strong performance from Walmart lifted markets and boosted confidence that the US economy will avoid a recession and achieve a “soft landing”. The new optimism spurred a rally on Wall Street, with the S&P 500 closing up 1.6%, enough to erase the index’s entire August decline. The tech-heavy Nasdaq […]
Fresh off strong PGA Tour finish, World No. 1 Luke Clanton eliminated in U.S. Amateur Round of 32
Luke Clanton had a great summer. He had three top 10 finishes. PGA TOURHe’s set a number of records, including a runner-up finish at the John Deere Classic and a solo fifth-place finish at last week’s Wyndham Championship, and he also made the cut at the U.S. Open at Pinehurst, where he narrowly missed out […]
Boyfriend of American ballerina sentenced to 12 years in Russia says she must ‘keep the faith strong’
The boyfriend of an American-Russian ballerina who pleaded guilty to treason and was sentenced to 12 years in prison on Thursday told Fox News Digital that she should “stay strong in the faith” because it’s “only a matter of time” before America takes her back. Chris Van Helden’s comments come as lawyers for Ksenia Karerina, […]
CSCO Earnings: Cisco Jumps after Strong Q4 Results – TipRanks
Shares of Cisco Systems (CSCO) rose in after-hours trading after the networking giant reported strong fourth-quarter results, with adjusted earnings per share of $0.87 and revenue of $13.64 billion, beating analysts’ expectations. Revenue beat expectations but was still down 10.3% year over year. Still, Chief Financial Officer Scott Herren said orders are increasing across the […]
Ilhan Omar faces a strong challenge while GOP choose Senate candidate in Minnesota primaries
(The Center Square) – Minnesota’s primary election is on Tuesday, and there are several key races to watch. Rep. Ilhan Omar is facing a rematch against former Minneapolis City Councilman Don Samuels, whom she lost by 2.1 percentage points in the 2022 primary. Republicans, meanwhile, are focused on choosing a candidate to challenge incumbent Senator […]
Giants’ Tyler Nubin making strong impression in battle for starting job
Tyler Nubin has already noticed two big differences between college football and the NFL. First, professional rules allow a player to leave the ground with the ball in his hands if he hasn’t scored a touchdown, so a diving interception like the one made by the Giants’ rookie safety in the end zone during practice […]
Ryder Cup: Why Brandt Snedeker is another strong choice for captain Keegan Bradley
Team USA Ryder Cup Captain Keegan Bradley has made some new selections to his leadership team. He announced that two-time Ryder Cup player Brandt Snedeker will be the next vice-captain. The veteran has had a productive two weeks, as the tour announced last week that Snedeker was the 2024 Payne Stewart Award winner. It’s another […]