Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
Category: Finance News
China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow
China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the pandemic.
Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
A U.K. Treasury department spokesperson said the government will set out plans to regulate “buy now, pay later” plans “shortly.”
Chinese EV startups are spending more on research than Tesla is
U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.
Hedge fund manager Dan Niles says it’s too early to buy beaten-up megacap tech stocks
Hedge fund manager Dan Niles sees this week’s tech sell-off as confirmation the trade is in significant trouble.
Stocks making the biggest moves after hours: Chipotle, IBM, Ford, ServiceNow and more
These are the stocks posting the largest moves in extended trading.
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
The situation has many on Wall Street scratching their heads about why the inverted curve has been so wrong this time
Job seekers are sour on the cooling labor market
Confidence among job seekers is at a two-year low. While the labor market remains strong, there may be trouble if it continues to cool, economists said.
Stocks making the biggest moves midday: Lamb Weston, Tesla, Enphase Energy and more
These are the stocks posting the largest moves in midday trading.
Here’s why you may get a smaller pay raise next year
Companies expect the typical worker’s annual pay increase to shrink from 4.5% to 4.1% for 2025, according to a poll.