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August 2, 2021

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Apple’s iPhone expected to drive sales, but App Store faces regulatory risk

Reuters
July 27 (Reuters) – Strong sales of 5G iPhones and services such as the App Store and Apple Music are expected to drive growth at Apple Inc (AAPL.O), which reports results on Tuesday, but some investors will be listening to the company’s strategy to ward off anti-trust foes. The services......

IFT FIRST: Today’s trends that will drive growth tomorrow

FoodBusinessNews
KANSAS CITY — Food and beverage industry sales growth in the United States was predictable at 2% to 3% pre-pandemic. Then, in 2020, sales growth shot up to 11% and manufacturers and marketers are now trying to understand how to keep that growth elevated. Several trends stand out as potential......

Ford, VW offer test drives of new EVs at Chicago Auto Show to drive sales of Mach-E and ID.4

CNBC
CNBC – For more and to sign up click here Attendees of the Chicago Auto Show on July 15, 2021 get into a Ford Mustang Mach-E for a test ride in the electric crossover outside of the McCormick Place Convention Center. Michael Wayland / CNBC CHICAGO – Jim Nierman yells......

China data, tech drive Asian shares higher

Reuters
Asian stock markets: https://tmsnrt.rs/2zpUAr4 Global asset performance http://tmsnrt.rs/2yaDPgn World FX rates http://tmsnrt.rs/2egbfVh HONG KONG, July 13 (Reuters) – Asian shares headed for their best session in more than a fortnight on Tuesday after better than expected Chinese economic data and a rebound in China tech shares extended after Tencent secured......

Japan’s vaccination drive is picking up steam. That’s good news for the retail sector, says EY

CNBC
CNBC – For more and to sign up click here Japan’s vaccination efforts are gaining some momentum now after a slow start, and that’s good news for retailers, said EY’s Nobuko Kobayashi. “The vaccination, finally, is picking up steam in Japan. Government says that all who wants to be vaccinated......

India’s death toll from coronavirus crosses 400,000; vaccination drive falters

Reuters
MUMBAI/AHMEDABAD July 2 (Reuters) – India’s official death toll from the coronavirus reached 400,000 on Friday, though experts say the actual number of dead could have reached one million or even higher, with a possible third wave approaching. India added 100,000 deaths in 39 days, a Reuters tally showed, as......

Rising producer prices in China won’t likely drive up consumer costs, says JPMorgan

CNBC
CNBC – For more and to sign up click here The recent surge in producer prices in China will not likely to drive up costs for consumers, says JPMorgan Private Bank’s Alex Wolf. “We don’t see (producer inflation) really going into consumer prices. They’ve risen a bit, but we don’t......

Inflation breakout will drive 10-year Treasury yields above 2% in coming months, Wells Fargo predicts

CNBC
CNBC – For more and to sign up click here Treasury yields may be about to break out. Even though yields temporarily fell after this week’s Federal Reserve decision on interest rates, Wells Fargo Securities’ Michael Schumacher expects the benchmark 10-year Treasury Note rate to end the year as high......

Israel is to bolster the Palestinian vaccination drive, trading a million doses.

New York Times
New York Times – For more and to sign up click here JERUSALEM — The new Israeli government announced on Friday that it would give up to 1.4 million coronavirus vaccine doses to the Palestinian Authority in a trade that will see the authority donate a similar number back to......

NZ economy surges as housing, retail drive post-COVID recovery

Reuters
A sailing boat can be seen in front of the central business district (CBD) of Wellington in New Zealand, July 2, 2017. REUTERS/David Gray NZ Q1 GDP rose 1.6%, beats all estimates Annual GDP up 2.4%, well ahead of forecasts Economists pencil in earlier rate hikes WELLINGTON, June 17 (Reuters)......

Homebuilder sentiment drops to 10-month low, as construction costs drive prices higher

CNBC Real Estate
Builder sentiment in June fell to its lowest level since August, as construction costs pushed new home prices higher, sidelining buyers and making it harder for some builders to get loans. The National Association of Home Builders/Wells Fargo Housing Market Index dropped 2 points to 81, down from a recent......

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