Mes: julio 2024

Fed Inflation Gauge Points to Reducing Pressure, Possible Path for Rate Cuts

Fed Inflation Gauge Points to Reducing Pressure, Possible Path for Rate Cuts

Related media - Recent news A key inflation gauge for the Federal Reserve showed a modest increase in June from a year earlier, potentially setting the stage for an expected interest rate cut in September. The personal consumption expenditures (PCE) price index, a key measure of inflation, rose 0.1% in June and is up 2.5% year over year, matching Dow Jones estimates, the Commerce Department reported Friday. That follows a 2.6% year-over-year increase in May, with the monthly measure unchanged. The Federal Reserve relies heavily on the PCE index to measure inflation, which remains above the central bank's long-term target…
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Diageo sales plunge on market challenges, but Guinness shines

Diageo sales plunge on market challenges, but Guinness shines

Related media - Breaking news Shares of Diageo, the renowned spirits maker behind Johnnie Walker, fell more than 10% on Tuesday after it reported its first annual sales decline since the pandemic began. By the end of the trading day, the shares had recovered some losses but still closed down 5.08%. The London-based company reported a 0.6% decline in organic net sales for the fiscal year ended June 30, attributed primarily to underperformance in Latin America and the Caribbean markets. Reported net sales fell 1.4%. Despite the overall downturn, Guinness emerged as a bright spot for Diageo. The iconic Irish…
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Team USA women aim for eighth consecutive gold amid tighter competition

Team USA women aim for eighth consecutive gold amid tighter competition

More news - Breaking news PARIS — In a modest gym north of Paris, U.S. team coach Cheryl Reeve pondered what gave her team the upper hand at the Olympics. “Depth,” she mused. “No, size. 1A, 1B.” Reeve’s assessment isn’t far off the mark. With three players over 6 feet 4 inches tall and several guards around 6 feet 1 inch, Team USA boasts a significant height and length advantage over most opponents. Their depth is equally formidable; while other nations might field competitive starting lineups, few can match the talent of the U.S.’s reserves. It’s a scenario where bench…
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Top After-Hours Stock Moves: Chesapeake Energy, F5, Lattice Semiconductor & More

Top After-Hours Stock Moves: Chesapeake Energy, F5, Lattice Semiconductor & More

More news - Breaking news After the close, several stocks experienced significant movements, catching the attention of investors and market analysts. Among the most notable were Chesapeake Energy, F5, and Lattice Semiconductor, among others. Here, we delve into the details of these post-market swings and what they could mean for the future. Chesapeake Energy Chesapeake Energy saw a substantial increase in its stock price after hours. The surge can be attributed to the company's recent announcement of better-than-expected quarterly earnings. Chesapeake's strong performance in its natural gas and oil segments has reassured investors about its long-term growth potential. Analysts have…
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