Confidence rises as July consumer outlook improves
The Conference Board reports July consumer confidence at 100.3, up from 97.8 in June, with expectations for income, business and jobs rising to 78.2 from 72.8. Current conditions slipped to 133.6 from 135.3 as inflation and rates weigh on sentiment.
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Conference Board
U.S
Federal Reserve
Dana Peterson
America
Ment
Fed
Tech shares drag Wall Street as markets waver
Big Tech led a market pullback on Tuesday with Nvidia and Microsoft sliding while PayPal and JetBlue posted gains. The S&P 500 fell 0.5 percent, Dow rose 203 points, and Nasdaq dropped 1.3 percent as investors awaited results from Amazon Apple and Meta Platforms and eyed a Fed rate decision.
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Norfolk Southern faces DOJ suit over Amtrak delays on Crescent route
The Justice Department sues Norfolk Southern for chronic delays to Amtrak trains on the Crescent route between New York and New Orleans. It claims NS violates federal law requiring priority for intercity passenger trains over freight traffic. Amtrak says only 24 percent of southbound trains reached destinations on time last year.
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United States
Stellantis to offer buyouts to U.S. white-collar workers
Stellantis says eligible U.S. salaried employees will receive mid August offers as it seeks to cut costs and streamline operations. The company reported a 48 percent drop in net profits and plans severance, health care lump sums, and job placement services while weighing further workforce reductions amid inflationary pressures and a pivot to electric and gas vehicles.
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Jeep
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Stellantis
U.S
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