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August 2, 2021

June

Key inflation indicator up 3.5% year over year in June for fastest gain since 1991

CNBC
CNBC – For more and to sign up click here An inflation indicator that the Federal reserve uses as its key guide rose 3.5% in June, a sharp acceleration that was nonetheless right around Wall Street expectations, the Commerce Department reported Friday. The personal consumption expenditures price index excluding food......

U.S. pending home sales decline in June as prices climb

Reuters
A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey July 29 (Reuters) – Contracts to purchase previously owned U.S. homes declined in June in step with a spike in home prices after rebounding strongly in......

Pending home sales drop in June — more evidence of a housing turnaround

CNBC Real Estate
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pending sales of existing homes in June as measured by signed contracts fell 1.9% from May, according to the National Association of Realtors. Sales......

Treasury distributes $1.5 billion in rental assistance in June as eviction moratorium end looms

CBS News
CBS News – For more and to sign up click here With a federal ban on evictions scheduled to expire at the end of the month, the Treasury Department is set to announce Wednesday that it has distributed over $1.5 billion in rental assistance across the country in the last......

Michigan online gambling operators report $114.2 million in June revenue

Detriot News
Detroit News – For more and to sign up click here Online gaming and sports betting operators in Michigan reported $114.2 million in revenues for June, according to figures released Monday by the Michigan Gaming Control Board.  Of that total, operators reported $89.2 million in gross receipts tied to internet......

U.S. retail sales unexpectedly rise in June

Reuters
Customers visit Macy’s flagship store in New York City, New York, U.S., May 20, 2021. REUTERS/Eduardo Munoz WASHINGTON, July 16 (Reuters) – U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, bolstering expectations that economic growth accelerated in......

McAuliffe raises $7.5 million in June

USA TODAY – For more and to sign up click here Julia Manchester Virginia gubernatorial candidate and former Gov. Terry McAuliffe (D) raised $7.5 million during the month of June, according to his campaign.  The latest fundraising haul brings McAuliffe’s cash-on-hand total to just over $9 million. The former governor’s campaign......

China’s crude oil runs hit record highs in June

Reuters
Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. REUTERS/Stringer June crude throughput 14.8 mln bpd, vs May’s 14.25 mln bpd Crude oil output in June 16.67 mln T, up 2.8% on yr ago Natural gas production at 17.2......

AMC, GameStop shares fall to half of their June peaks

Reuters
July 14 (Reuters) – Shares of cinema operator AMC Entertainment (AMC.N) and video game retailer GameStop Corp (GME.N) fell sharply on Wednesday and were both trading below half their recent peak prices, testing the fortitude of the stocks’ retail shareholders. AMC, in its fourth straight day of losses, closed down......

Inflation higher than expected in June as price index rises 5.4%

CNBC
CNBC – For more and to sign up click here Inflation continued its rapid surge in June, rising at its fastest pace in nearly 13 years amid an ongoing burst in used vehicle costs and increases in both food and energy, the Labor Department reported Tuesday. The consumer price index......

Ford’s June sales decline by 26.9% as company misses second-quarter expectations

CNBC
CNBC – For more and to sign up click here Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor’s June and second quarter sales were below analyst expectations as a global shortage of semiconductor chips caused significant production cuts......

S&P 500, Nasdaq set for record open after strong June jobs report

Reuters
A security camera is seen next to signage outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew Kelly Nonfarm payrolls rise more than expected in June Virgin Galactic jumps on announcing crewed flight plan Didi drops as China to conduct......

U.S. adds 850,000 jobs in June, better than expected

CNBC
CNBC – For more and to sign up click here Job growth leaped higher in June as businesses looked to keep up with a rapidly recovering U.S. economy, the Labor Department reported Friday. Nonfarm payrolls increased 850,000 for the month, compared to the Dow Jones estimate of 706,000 and better......

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