Category: Economy

Boeing Co. (BA) on Wednesday reported a profit for the second quarter that declined 67 percent from last year, reflecting a 2 percent dip in revenues on lower defense volume, … Read More

The period when home prices rose by double digits year over year is mostly over. In some markets, sales have started to struggle significantly. These are precursors of what will … Read More

It was not easy to find a safe haven during the first half of 2022. Shares and bonds fell in tandem, undermining the balanced funds that have given investors a … Read More

Shares of ASML Holding N.V. were losing around 2 percent in the morning trading in Amsterdam as well as in pre-market activity on Nasdaq after the Dutch semiconductor equipment maker … Read More

The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices surged by more than expected in the month of June. The report showed the consumer price … Read More

Snack and beverage giant PepsiCo Inc. (PEP) reported Tuesday weak profit in its second quarter. Core earnings and topline, however, beat market estimates. Looking ahead, the company now expects to … Read More

When Labor leader Anthony Albanese couldn’t quote Australia’s unemployment rate in the first week of the election campaign, many said it didn’t matter: the Australian Bureau of Statistics figure was … Read More

Elon Musk’s fortune plunged almost $US62 billion. Jeff Bezos saw his wealth tumble by about $US63 billion. Mark Zuckerberg’s net worth was slashed by more than half. All told, the … Read More

UK house price inflation eased more than expected to a six-month low in June, but remained strong overall reflecting the improvement in the labor market, survey results from the Nationwide … Read More

The Federal Reserve almost certainly will raise rates by 75 basis points in two months (0.75%). That will further increase the cost of loans, particularly in the housing market. Inflation … Read More