There was a surprise slowdown in US economic growthin the three months to June despite an increase in consumer spending, according to official figures.
The Commerce Department said the US economy grew at an annual rate of 1.5% in the second quarter, down from 2.1% seen in the first three months of the year.
» Read more about: US economic growth slows to 1.5% in second quarter »
(WASHINGTON) — The United States economy slowed more than expected as an inflation surge took hold over the early months of the Iran war,
» Read more about: US economy slowed more than expected as the Iran war took hold »
Valued at a market cap of $83.4 billion, Mondelez International, Inc. (MDLZ) is a global leader in the snacking industry, operating in more than 150 countries worldwide. The company is renowned for its diverse portfolio of iconic global and local brands,
» Read more about: Is Wall Street Bullish or Bearish on Mondelez International Stock? »
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This is an abridged transcript of the podcast:
Our top story so far, Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner,
After 15 years leading Apple to become a moneymaking behemoth worth nearly $5 trillion, Tim Cook bid adieu to Wall Street on Thursday.
“I just wanted to take a moment to say thank you to all of you,” Mr. Cook said in a call with analysts and investors after Apple reported quarterly financial results.
» Read more about: Apple’s Profit Increases 27 Percent, Topping Wall Street Expectations »
Traders work on the floor of the New York Stock Exchange during morning trading on July 30, 2026 in New York City.
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Nasdaq futures edged higher in overnight trading as Wall Street staged a sharp rebound,
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amid growing concerns over exorbitant AI spending.
Apple revealed quarterly revenue of $109.4bn, beating Wall Street expectations of $108.65bn in revenue. It also reported $2.02 earnings per share, driven by sales of its marquee products such as iPhones and laptops.
» Read more about: Apple and Amazon report rising revenues as investors turn on some tech stocks »
I still have the slide from 25 years ago: “Imagine purchasing a cost-efficient, diversified portfolio in one simple transaction,” it reads.
The year was 2001 and State Street was launching two ETFs, one tracking the S&P/ASX 200 index and the other the S&P/ASX 50 – the first ETFs listed on the Australian Securities Exchange.
» Read more about: Two myths about ETFs, from someone who launched the ASX’s first »
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What sector has driven much of the U.S.
