The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for inflation and…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Unilever reported better than expected operating margins in the first half on lower input costs and higher prices carried over from previous quarters, offsetting disappointing sales growth due to increased discounting.Shares in…

First lady Jill Biden watched on Wednesday night as President Joe Biden told the American people it was time to “pass the torch” on his political career. Then she got on a plane, flying nearly 4,000 miles to Paris, where another torch was being passed. Jill Biden is arriving in…

Fe deral Agency Regulations on Ambiguous Laws No Longer Get Deference A recent Supreme Court case will change the dynamic of key aspects of tax planning, including estate tax planning: Loper Bright Enterprises v. Raimondo, 603 U.S. ___ (2024). There was also a companion case, Relentless v. Department of Commerce.…

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A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm’s quality control mechanism, the company said on Wednesday.Friday’s outage happened because CrowdStrike’s Falcon Sensor, an advanced platform that protects systems from malicious software…

Check out the companies making headlines in premarket trading. Alphabet — Shares of the Google parent-company slipped nearly 4% before the opening bell. Advertising revenue in Alphabet’s YouTube segment undershot expectations in the second-quarter and overshadowed results that beat analyst estimates on the top and bottom line. Tesla — Stock…

The right-wing media machine is throwing everything but the kitchen sink at Kamala Harris.As she held a rally Tuesday for the first time as the likely Democratic presidential nominee, Fox News, talk radio, and the constellation of digital news websites and online personalities were busy blitzing her with a wide…

EPS Beats and Misses % In Q1 2024, 78% of S&P 500 constituents surpassed EPS expectations vs. S&P Capital IQ Estimates, a 4% increase compared to Q4 2023 (74%), 2% decrease compared to Q3 2023 (80%), 1% decrease compared to Q2 2023 (79%) and a 1% increase compared to Q1…