1. US markets volatile after high inflation data
US stocks remain volatile at record highs as data released today showed that consumer inflation rose sharply for June. Dollars and forcua.
The S&P 500 remains flat with rising IT stocks and falling finances. Apple and Microsoft are leading the tech sector higher and financial stocks are falling as results from JPMorgan and Goldman Sachs reported mixed results for the April-June quarter.
Stoxx Europe increased by 0.043%
Dow Jones is down 0.20%
NASDAQ increased by 0.09%
2. Covid Pandemic Increases Productivity In The US: Goldman Sachs
Goldman Sachs on Monday said the pandemic situation helped the US economy become more productive. Since the pandemic, annual output growth per hour has increased 3.1%, compared to the previous 1.4%. This growth is driven by sectors including IT, professional services and wholesale.
3 US June CPI inflation jumps 5.4%
U.S. Department of Labor said Tuesday, June CPI (Consumer)
Price Index) Inflation increased 0.9% compared to 0.6% increase in May. CPI rose 5.4% from the same month last year, the largest gain since August 2008. CPI core inflation rose 4.5% compared to last year, the largest increase since November 1991.
4 Boeing cuts production 787 due to structural defect
Boeing said on Tuesday that the company will cut production of the 787 models while a new structural defect related to production has been revealed. The company will only deliver half of the models to inventory. New production rates are not available right now and at the time of writing the stock is down 3%.
5 Temasek reports 25% increase in portfolio value
Temasek- a Singaporean Holding company, owned by the Government of Singapore reported on Tuesday that the portfolio value jumped 25% to $ 282 billion (Rs 21,03,636 Rs) in the year ended March 2021. This is the highest in 10 years , after 2% decrease in the last year. Airbnb and the Doordash food distribution business were some of the Temasek portfolio companies that were listed.
6 Goldman Sachs reports better than expected Q2 earnings
Goldman Sachss on Tuesday reported its earnings in Q2 as $ 15.02 per share versus $ 6.26 per share last year. Revenue rose to $ 15.39 billion (Rs 1,14,804) against the estimate of $ 12.43 billion (Rs 92,724). 24% of total quarterly income comes from banking investments. At the time of writing the stock is trading 1.7% lower on the NYSE.
7. VW removes profit target with batteries and software increase sales
German manufacturer Volkswagen has increased its profit target for 2025 as it plans to become the leader of electric cars and expects a massive flow of new revenue from software. The potential revenue from the software is why Tesla’s rating is so high compared to other vehicle manufacturers.
The company owned by Audi, KODA, Bentley, Bugatti, Lamborghini, Porsche, among others, will aim for an operating return of 8% to 9% on sales in 2025, from a previous target of 7% to 8% previously.
8. The Secretary of the Treasury expects corporate support for the global tax agreement
U.S. Treasury Secretary Janet Yellen has said companies in the country are likely to offer support for a worldwide change in corporate taxation of a deal approved by a Group of 20 nations over the weekend. Domestic political pressure in the US is slowing down the postponement of the agreement at the G20 summit over the weekend.
The agreement is backed by 132 nations in talks led by the Organization for Economic Co-operation and Development.
9. Philippine markets fall with lower Fitch rating
Philippine Currency – Peso fell along with the overall market after Fitch Ratings revised the company outlook. Fitch downgraded the Philippine sovereign rating from negative to stable. The peso fell 0.4% to 50.30 per dollar, a 13-month low. The Philippine Stock Exchange index fell 1.2%.
Fitch said it believes there are downside risks to medium-term growth prospects as a result of the health crisis and the restoration of sound public finances as the pandemic recedes.
10. Demand for chocolate Moves to Europe
Demand for chocolate is rising sharply in Europe as congestion is rising and consumers are turning to buy more chocolate again. New York cocoa futures trading slightly lower is still 17% lower than February 2020 levels.
Cocoa processing increased by 14% in April-June, compared to the blocking months of recent years. This is the largest Q2 volume in more than a decade.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]