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PCE inflation report likely to show little or no price increases in past month
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CBS News - Top stories
Inflation measure preferred by Fed shows cooling prices
The better-than-expected PCE data is increasing expectations that the Fed could cut rates in September, analysts said.Federal Reserve -
MarketWatch - Business
Good news on PCE inflation may not be enough to help Biden after that debate
While Friday’s encouraging inflation data might be helpful to President Joe Biden, the spotlight at the moment remains on his widely panned performance in a debate against presumptive Republican nominee Donald Trump.Joe Biden -
The Wall Street Journal - World
Treasury Yields Fall on Soft PCE Inflation
Treasury yields fell as May PCE report showed inflation slowing as expected. -
The Wall Street Journal - World
The WSJ Dollar Index Rises 0.1% to 100.57
The WSJ Dollar Index was up 0.1% to 100.57 — up for six of the past nine trading days. -
The Wall Street Journal - World
Core Inflation Gauge Hits Lowest Increase Since 2021
Core Inflation Gauge Hits Lowest Increase Since 2021 -
MarketWatch - Business
Treasury yields finish higher despite May’s PCE data, for two straight quarters of advances
Yields on long-term U.S. government debt finished at more than two-week highs on Friday amid a round of selling that may have been driven by traders moving to close out month- and quarter-end positions. -
Financial Times - Business
Le Pen, Trump and liberal panic
Liberals are in for a long struggle as nationalist populism surges in the US and EuropeDonald Trump -
Financial Times - World
French markets rally may prove rose-tinted
Turnout and the degree of fragmentation in first-round voting add to the uncertaintyFrance -
ABC News - Top stories
4th of July mass shootings increased over the past 3 years, group says
The highest number was in 2023, which saw 28 mass shootings between July 1-7.
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Chinese EV maker BYD sees sales rise in June
Chinese electric-vehicle maker BYD sold 341,658 vehicles in June, up 3% from May and 35% higher from a year ago.China -
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Salesforce shareholders reject compensation plan for Benioff, other top execs
Salesforce Inc. shareholders rejected a compensation plan for Chief Executive Marc Benioff and the company’s other top executives after it was opposed by two large advisory firms. -
MarketWatch - Business
What’s worth streaming in July 2024: It’s Peacock’s time to shine, but Netflix is still golden
Peacock has the Summer Olympics, but Netflix still has more to offer. Meanwhile, Apple raises its game for the bronze.Netflix -
MarketWatch - Business
‘She told my grandchildren lies about me so they would despise me’: I’m disinheriting my ungrateful and selfish daughter. Could she contest my will?
“I once complimented my daughter and her partner on a nice plant in their garage and they started laughing, and told me it was marijuana.” -
MarketWatch - Business
‘My stepmother makes me feel unwelcome’: I bought a house for my father in 2008, but now he wants me to sign over a 50% share for his third wife
“He has been married to his third wife for three years; she has asked him where she will live when he passes.”