Author: prosperplanetpulse.com

Traders work on the floor of the New York Stock Exchange on June 18, 2024.Spencer Pratt | Getty Images News | Getty ImagesU.S. stocks edged lower on Friday as traders digested the latest economic data that showed inflation slowing and better-than-expected consumer sentiment figures. They also concluded the first half of 2024 was a strong one.of S&P 500 It closed down 0.41% at 5,460.48. Nasdaq Composite Index It ended down 0.71% at 17,732.60. Both averages retreated after hitting new intraday highs earlier in the session. Dow Jones Industrial Average It fell 45.20 points, or 0.12 percent, to close at 39,118.86.The…

Last updated: 4:08 PM EST Stock indexes ended the day lower despite signs that inflation is slowing.Nedix), S&P 500 (Spocks), Dow Jones Industrial Average (DJIA) fell 0.54%, 0.41%, and 0.12%, respectively. Indeed, core PCE, the Fed’s preferred inflation measure, came in at 2.6% year-on-year and 0.1% month-on-month. Additionally, the annual and monthly headline PCE numbers were 2.6% and 0%, respectively. All of these measures were in line with expectations and lower than last month’s results. Additionally, the University of Michigan released the results of a survey on consumer inflation expectations over the next five years: Consumers now expect inflation to…

Nike reported fourth-quarter profits that beat analysts’ expectations, but sales and first-quarter guidance fell short of expectations, sending the sports apparel maker’s shares down 20 percent. Footwear sales in North America, Nike’s largest market, fell 6 percent year-over-year in the fourth quarter. Consumer demand also weakened in China. The company now expects first-quarter sales to fall about 10 percent year-over-year, while analysts had expected a decline of about 3 percent. Nike also said it expects full-year sales to be down in the mid-single digits. Shares of shoe retailer Foot Locker fell 2.4%. Drugstore chain Walgreens Boots Alliance Inc. fell 0.8%,…

Investors might want to bet RTTX 10.0 (NYSE:RTX) was recently upgraded to a Zacks Rank #2 (Buy), and this rating change fundamentally reflects an upward trend in earnings estimates, one of the most powerful factors impacting stock prices. The only factor that determines the Zacks rating is the changing earnings picture for a company. The Zacks Consensus Estimate — the consensus of EPS estimates from the sell-side analysts covering the stock — is tracked by our system for the current and upcoming years. The Zacks rating system is extremely useful to individual investors because changing earnings conditions are a powerful…

The housing market’s biggest challenges aren’t likely to go away anytime soon.Economists at Bank of America warned that with the supply of homes for sale near record lows, the housing market is “stuck in a quagmire with no prospect of emerging” until 2026.The so-called lock-in effect for homeowners who secured ultra-low interest rate mortgages when interest rates were low during the pandemic has led them to remain in their positions.The investment bank believes the impact could last six to eight years, dampening housing activity and, in turn, residential investment, which is reflected in GDP calculations.The “lock-in” effect could last for…

Governor Mike DeWine’s approval of a multi-billion dollar spending bill on Friday morning heralds the allocation of $4.2 billion across the state and, as the governor himself stated, represents a significant implementation of policies through fiscal measures. Governor DeWine, along with prominent Republicans including Lt. Governor Jon Husted, House Speaker Jason Stevens and State Senator Stephanie Kunze, formally signed House Bill 2 at 10:10 a.m. and revealed that the bill includes a $700 million one-time fund funded from Ohio’s capital budget and tax surplus. This significant cash infusion includes a variety of initiatives, including a $7 million allocation for the…

Regarding the June 28 front page article, “Biden struggles in tense debate”:This was not a debate, it was a fiasco. Unless President Biden steps down as the Democratic nominee, the presidential election is over.From the moment Biden stumbled onto the debate stage, I was shocked and sick. That feeling continued throughout this horrific, horrifying debate. Yes, Donald Trump lied. He lied all night, he lied every time he opened his mouth. But Biden seemed completely helpless to stem the tide of this garbage. And despite Trump’s falsehoods, the former president seemed strong and competent. Biden looked like the proverbial deer…

[Editor’s Note: Ahead of PRNEWS’ next session in its Digital Learning Series, Social Media for PR Campaigns on July 17, we spoke with a presenter for the event, Carolyn Cohen, Senior Marketing Manager-Social Media at H&R Block. PRNEWS got a sneak peek into her session, “Essential Social Platforms NOW: What to Focus on, What to Forget,” including the brand’s use of social media and advice for PR pros experimenting with newer platforms.] PRNEWS: What do you think are the top social media platforms for brands right now and why? Carolyn Cohen, senior marketing manager of social media at H&R Block…

Stocks got off to a strong start thanks to positive inflation news, but major indexes lost momentum as trading got longer as investors looked to lock in profits from a strong first half of the year. Prior to the opening, Bureau of Economic Analysis He said the personal consumption expenditures (PCE) price index, which measures consumer spending, was unchanged from April to May. Food and other volatile items were the main drivers. energy Costs increased just 0.1% month-on-month. Headline and core PCE both rose 2.6% from a year earlier, slowing from April but in line with economists’ expectations. apply Kiplinger’s…

A victory march began before the debate ended.Donald Trump’s aides had braced himself for a showdown with President Biden, who appeared fiery at the State of the Union earlier this year, but the former president found himself facing an unsteady opponent whose stumbles caused panic among Democrats, and, as urged by allies and advisers, Trump refrained from intervening as he waited for things to unfold.Trump then gave a thumbs up as he walked off the stage into a waiting room full of advisers who believed they had a new and devastating ammunition for Biden.”A lot of material came out of…