Consumers boost spending as economy rebounds amid delta risk
U S consumer spending rose 1 percent in June as incomes edged up 0.1 percent, with goods up 0.5 percent and services up 1.2 percent. Inflation gauge climbed 3.5 percent year over year, while the broader price index rose 4 percent. Powell says spikes are temporary amid shortages in furniture, appliances and chips.
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Washington
Federal Reserve
Commerce Department
Bill Adams
PNC Financial
Adams
Fed
Jerome Powell
Amazon posts 113.1 billion second quarter revenue led by online sales
Amazon reported 7.8 billion quarterly profit and 15.12 earned per share on 113.1 billion revenue for April to June, with 27 percent year over year growth. The results beat forecasts but show a deceleration from pandemic spikes while analysts foresee slower growth ahead. New CEO Andy Jassy promoted two Leadership Principles and the firm faces wage costs and staff hiring pressures as pandemic effects fade.
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Amazon
Brian Olsavsky
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Indexiq
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Jassy
Jeff Bezos
Earth
Bezos
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IncAmrcAm
Inccamrca m
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Dodge & Cox Inc
Dodge & Cox
Fidelity
Fidelity BC
Fidelity Contrafund
Fidelity Group
Metropolitan West
Pimco Incinstl
Pimco TtlRetIns
Schwab
Vanguard
Vanguard Diversav
Vanguard Intrteadmrl
Vanguard InsidxIns
InsidxInsPlus
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Doe
SEC
The
Associated Press
Businesses weigh mask rules after CDC guidance
Retailers respond to CDC advisory urging indoor masking in rising transmission areas. Walmart will require masks for employees in high risk counties while customers face no requirement, Macy's and J C Penney defer policy changes, Apple expands masking in many stores, and Kido Chicago notes mixed compliance as masks faded from sight.
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Centers For Disease Control and Prevention
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CDC
Macy’s
J.C. Penney
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U.S
Kido
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Apple Inc
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