The U.S. economy’s performance in the first three months of the year didn’t look much better the third time around: The government’s latest estimate of first-quarter annual growth was lifted slightly to a lackluster 1.4%.
Orders for durable goods such as autos and computers barely rose in May and underscored the ongoing weakness in the industrial side of the U.S. economy.
Walgreens Boots Alliance Inc.’s stock fell 12% early Thursday, after the drug store chain’s fiscal third-quarter profit fell short of estimates and it again lowered guidance to reflect a stressed consumer following a period of high inflation.
Oil futures edged higher Thursday, shaking off concerns about summer gasoline demand in the U.S. as investors kept an eye on tensions in the Middle East that could threaten crude supplies from the region.
The man elected will be the one hated by the fewest rather than liked by the most.
Deficits, immigration, trade and an independent Fed must be discussed.
A long-time JPMorgan fund manager finds it’s easy to find short opportunities.
The U.S. stock market is on pace to finish the first half of 2024 on a positive note. If the past is any guide, the good times for U.S. equities may keep rolling into July, but not every stock may enjoy this summertime rally.
