IMF questions rapid rate-cutting path amid persistent inflation

IMF questions rapid rate-cutting path amid persistent inflation

The International Monetary Fund (IMF) has tempered expectations for rapid interest rate cuts, warning of increased inflation risks that could extend the Federal Reserve’s tightening cycle. While recent data have shown a cooling of headline inflation, the IMF points out that underlying pressures, particularly in services and wages, remain persistent. This suggests that the path…

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Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers

Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers

Netflix reported its second-quarter earnings on Thursday, demonstrating its dominance in the streaming industry with a significant increase in global subscribers and significant growth in its ad-supported subscription model. The streaming giant saw a 34% increase in ad-supported subscriptions during this period compared to the same quarter last year. Advertising has become a crucial revenue…

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Trump Signals Support for Powell to Continue as Fed Chairman if Elected in November

Trump Signals Support for Powell to Continue as Fed Chairman if Elected in November

In an interview with Bloomberg Businessweek, Republican presidential candidate and former U.S. President Donald Trump said he would allow Federal Reserve Chairman Jerome Powell to complete his term if he won the upcoming November election. “I would let him do it, especially if I thought he was doing the right thing,” Trump said. President Joe…

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Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More

Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More

Several stocks have seen significant mid-day changes in the market today. Among them are CrowdStrike, Plug Power, and Comerica. Here’s a closer look at the major players making headlines. Crowd Strike (CRWD) CrowdStrike has seen a substantial increase in its stock price, driven by an upbeat earnings report that beat Wall Street expectations. The cybersecurity…

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United Airlines Posts Strong Q2, But Gloomy Outlook Clouds Horizon

United Airlines Posts Strong Q2, But Gloomy Outlook Clouds Horizon

Chicago – United Airlines reported a solid second quarter, driven by rising demand for international travel. However, the carrier’s less-than-stellar third-quarter outlook cast a shadow over its otherwise strong performance. The airline’s Q2 earnings beat analysts’ expectations, fueled by a 23% increase in profits from a year earlier. The growth was attributed primarily to a…

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Royal Caribbean Focuses on Shorter Cruises and Immersive Experiences

Royal Caribbean Focuses on Shorter Cruises and Immersive Experiences

Royal Caribbean Cruises is charting a new course to capture the evolving preferences of vacationers. As competition for leisure dollars intensifies, the cruise line is focusing on shorter itineraries packed with diverse activities and unique experiences. The company’s CEO, Jason Liberty, believes shorter cruises better align with the vacation plans of younger travelers, who make…

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Stocks That Moved Biggest After Hours: Five Below, Interactive Brokers, JB Hunt, and More

Stocks That Moved Biggest After Hours: Five Below, Interactive Brokers, JB Hunt, and More

Key points Retail and transportation stocks shine: Shares of Five Below and JB Hunt rose after the close of trading, reflecting positive developments in the retail and transportation sectors, respectively. Interactive Brokers faces headwinds: Interactive Brokers’ stock price fell after the stock market closed, likely due to investor concerns following the release of mixed financial…

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