magnez2 American Express’s (NYSE:AXP) consumer and small business credit card delinquency and net write-off rates stayed relatively stable during June, the company disclosed in an SEC filing on Monday. Meanwhile, lending activity ticked up during the month. U.S. consumer card member delinquency rate of 1.3% was unchanged from May. WhileContinue Reading
Igor Kutyaev China’s retail sales rose by 2% year-on-year in June 2024, falling short of market forecasts of 3.3% and notably slowing from a 3.7% gain in the previous month, marking the 17th consecutive month of growth in retail trade, albeit the softest in the sequence. On a monthly basis,Continue Reading
Gam1983 It’s headlines like this that make one wonder: are we on the cusp of a recession? The number of U.S. corporate bankruptcy filings reached its highest level since early 2020 in June, S&P Global Market Intelligence reported. Some 75 new corporate bankruptcy filings were recorded last month alone, rivaledContinue Reading
Walter Bibikow Retail sales showed moderate growth in June, amid a still-solid economy and near-zero inflation for retail goods, according to the National Retail Federation. Total retail sales, excluding automobiles and gasoline, were up 0.47% seasonally adjusted month over month in June and up 3.42% unadjusted year over year inContinue Reading
Ramberg/E+ via Getty Images Inflation rate in France dropped to 2.20% in June from 2.30% in May, more than consensus of 2.1%. This slight drop in inflation is explained by the slowdown over one year in energy prices due to that of petroleum products, as well as by that ofContinue Reading
sommart Mortgage rates dipped as Treasury yields decreased on the back of a cooling labor market, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.89% as of July 11, compared to 6.95% last week and 6.96% in the year-ago week. 15-year fixed-rate mortgages averaged 6.17%, downContinue Reading
pcess609 The Consumer Price Index comes out on Thursday at 8:30 AM, providing fresh data on whether the Federal Reserve’s tight policy is succeeding in pushing inflation down toward its 2% goal. On average, economists expect the headline CPI number to rise 0.1% in June, vs. 0.0% in May. ThatContinue Reading
baona The annual inflation rate in China ticked lower to 0.2% in June 2024 from 0.3% in the previous month, marking the fifth consecutive month of consumer inflation, albeit the lowest rate since March, amid weak domestic demand. Meanwhile, producer prices decreased by 0.8% year-on-year, in line with forecasts andContinue Reading
monkeybusinessimages/iStock via Getty Images Brookdale Senior Living’s (NYSE:BKD) weighted average occupancy came in at 78.2% in June, up from 78.1% in May and 76.8% a year ago, the company said on Tuesday. The owner of senior living communities attributed the Y/Y growth to move-in volumes above the pre-pandemic average andContinue Reading
Zorica Nastasic/E+ via Getty Images Acer (OTC:ACEYY) Tuesday reported its consolidated revenues for June at NT$28.19 billion, with 33.4% growth month-on-month and 7.1% growth year-on-year. Consolidated revenues for year-to-June reached NT$126.00 billion with 13.8% growth YoY, while revenues from the personal computers and displays business grew 16.9% in Q2 and 15.8% YoY year-to-June, AcerContinue Reading
