Construction spending falls for second straight month in June, adding to sense of cooling economy
The more the U.S. spends on construction, the higher the level of economic activity. Source link...
MARKET
Jobless claims jump to nearly one-year high of 249,000 — but it’s not as bad as it looks
The number of Americans who applied for unemployment benefits last week jumped to a nearly one-year high of 249,000, but the part of the increase was tied to annual auto-plant shutdowns and the details of the report were less alarming....
Shell beats expectations as cost-cutting plans boost profitability
The British energy giant increased its profits in the face of lower oil and gas prices, as it successfully cut its costs by $700 million in the first half of 2024 Source link...
Wayfair stock falls as Q2 results weighed down by ‘continued macro headwinds’
Wayfair Inc. shares are down 5.1% premarket after the online furniture retailer reported lower-than-expected second-quarter results amid continued macro headwinds. Source link...
Moderna’s stock slides 12% after it lowers full-year sales guidance
The second-quarter sales decline was mostly due to lower demand for the company’s COVID-19 vaccine. Source link...
Since 1995, value stocks have always outperformed when they’re this cheap — and by a big margin
Dodge & Cox’s David Hoeft says value stocks outperform over five years when they’re this cheap relative to growth stocks. Source link...
Latest beat-and-raise boosts Rolls-Royce, one of Europe’s hottest stocks
Shares of Rolls-Royce surged on Thursday, as the engine maker’s latest beat-and-raise buoyed one of Europe’s hottest stocks. Source link...
The bank of Starbucks: Coffee retailer has $1.77 billion in unredeemed gift cards
The latest Starbucks results show the retailer may have trouble selling coffee, but it is good at selling customers the right to buy coffee in the future. Source link...
Volkswagen’s profits slump in face of mounting competition from China
The world’s largest carmaker was hit by a slump in sales in its largest market China driven by intense competition from domestic rivals Source link...
Anheuser-Busch InBev profits boom even as U.S. struggles continue and China sales fall
Anheuser-Busch InBev reported booming profits on Thursday thanks to cost cutting even as the brewer still wrestles with a consumer boycott of Bud Light in the U.S. Source link...
