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Economy

“U.S. durable-goods orders leap 11.2% in July on strong demand for cars and trucks”

“Orders for durable goods lasting at least three years surged 11.2% in July largely because of strong consumer demand for new cars and trucks, but business spending outside the auto industry was softer and investment grew more slowly. The increase… Continue Reading…

Banking, Stocks

“Coca-Cola earnings fall 33%, but company sees improving demand…”

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 42 cents, adjusted, vs. 40 cents expected Revenue: $7.2 billion vs. $7.2 billion expected Coke reported fiscal… Continue Reading…

Business

“Samsung says profit jumped 23%, likely thanks to strong chip demand”

“The South Korean conglomerate said on Tuesday that it expects to make an operating profit of roughly 8.1 trillion won ($6.8 billion) for the three months that ended in June. That’s up nearly 23% from the same period a year… Continue Reading…

Economy

“Oil in New York Tops $40 With Demand Recovery Accelerating”

“Oil rallied as stronger consumption continued to push physical markets higher, even as many countries struggle to bring the coronavirus under control. Futures in New York traded above $40 a barrel on Friday and are up about 11% this week.… Continue Reading…

Economy, Stocks

“An oil futures contract expiring Tuesday went negative… demand collapse “

“A futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history on Monday, showing just how much demand has collapsed due to the coronavirus pandemic… West Texas Intermediate crude for May delivery fell more… Continue Reading…

Economy

“The U.S. Treasury Just Sold 30-Year Bonds at a Record-Low Yield. Demand ‘Was Amazing.’”

“The U.S. Treasury sold $19 billion of long-term bonds with a record-low yield of 2.061% on Thursday. Not only that, but investor demand was the highest for any sale of a new bond since August 2014, according to Tom Simons… Continue Reading…

Economy

“China Moves to Steady Its Slowing Economic Growth”

“China on Wednesday moved to pump more cash into its financial system, suggesting that Beijing remained concerned about faltering growth despite signs that the world’s second-largest economy was stabilizing… The country’s slowdown has sent ripples through the global economy. Germany narrowly… Continue Reading…