Economic growth in the U.S. accelerated in the second quarter as activity remained largely resilient in the face of an aggressive bout of Federal Reserve policy tightening. The world’s biggest economy expanded by 2.4% on an annual basis in the April to June...
By Bansari Mayur Kamdar and Johann M Cherian (Reuters) – The tech-heavy Nasdaq was set to lead Wall Street higher on Thursday, supported by a surge in Meta after its strong third-quarter revenue forecast lifted megacap growth and technology stocks, and hopes...
BofA analysts reflected on the last week’s client flows, in a week that saw the S&P 500 close 0.7% higher. According to analysts, BofA’s clients were “big net sellers” of U.S. stocks ($6.96 billion), which marks the biggest weekly outflow since November 2020. The...
By Joseph White and Ben Klayman DETROIT (Reuters) -General Motors lifted its full-year profit guidance on Tuesday, in large part because it plans to invest less in new products and cut operating costs by an additional $1 billion through the end of next year. But the...
By Bansari Mayur Kamdar and Johann M Cherian (Reuters) -Wall Street’s main indexes were set to open higher on Monday as investors geared up for earnings from megacap growth and technology companies, with focus also on a rate decision from the Federal Reserve...
(Reuters) – Global equity funds witnessed their first weekly outflow in four weeks in the week to July 19, reflecting concerns over slower growth in China and caution ahead of the Federal Reserve’s policy meeting next week. According to Refinitiv Lipper...