Year: 2024

Aug
02
2024
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By Lily Chang
What to expect from Friday’s crucial jobs report

What to expect from Friday’s crucial jobs report

Investments and Business
Related media - News 24 hours The U.S. labor market is expected to show signs of cooling in July, due to the gradual economic slowdown and the impact of Hurricane Beryl on hiring rates. The Labor Department’s July nonfarm payrolls report, due Friday at 8:30 a.m. ET, is expected to reflect this slight decline. However, the expected decline is in line with the Federal Reserve’s strategy for a controlled economic slowdown. “If the Fed was aiming for a soft landing, it looks like it’s done it,” said Mike Reynolds, vice president of investment strategy at Glenmede. “We’re seeing some weakness…
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Aug
02
2024
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By Lily Chang
Amazon’s Q2 Revenue Misses, Forecasts Disappoint Investors

Amazon’s Q2 Revenue Misses, Forecasts Disappoint Investors

Social Responsibility
More news - Recent news Amazon reported its second-quarter earnings on Thursday, reporting lower-than-expected revenue and a less optimistic outlook for the next quarter, sending the company’s shares lower in after-hours trading. Here are the key data: Earning per share: $1.26, versus $1.03 expected by LSEG Income: $147.98 billion, below LSEG's projection of $148.56 billion Additional metrics of interest to Wall Street include: Amazon Web Services (AWS): It generated $26 billion in revenue, according to StreetAccount Advertising: It brought in $13 billion in revenue, according to StreetAccount News of interest - Featured Contributors
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Aug
02
2024
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By Lily Chang
Conor Daly Talks IndyCar, NASCAR, and the Balancing Challenges of Both

Conor Daly Talks IndyCar, NASCAR, and the Balancing Challenges of Both

Politics
More news - Latest news Conor Daly recently had a busy week, competing in three different races in three different types of vehicles: an IndyCar, a NASCAR truck, and a NASCAR Xfinity Series car. This feat is particularly impressive for a driver without a full-time racing contract. The 32-year-old Daly, son of former Formula One driver Derek Daly and stepson of Indianapolis Motor Speedway chairman Doug Boles, has a storied career with 110 IndyCar starts, though he has competed in just two IndyCar races this year. He finished 10th in the Indianapolis 500 and 27th at Iowa, filling in for…
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Aug
01
2024
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By Lily Chang
Eurozone inflation rises to 2.6% in July, beating projections

Eurozone inflation rises to 2.6% in July, beating projections

Investments and Business
More news - Latest news TOULON — The European Union's statistics agency reported on Wednesday that headline inflation in the euro zone unexpectedly rose to 2.6% in July, despite a slight slowdown in the services sector. Inflation stood at 2.5% in June, down slightly from 2.6% in May. Economists polled by Reuters had expected July's inflation rate to hit June's 2.5%. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, hit 2.9% in July, slightly above the Reuters estimate of 2.8% and in line with June's core inflation rate. Services inflation, a closely watched indicator, fell…
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