China Property Drag Is Getting Worse, Factory Output Disappoints.

Among a slew of data published on Monday, analysts latched onto the bad news from the property market, which has been the biggest drag on China’s economic growth. Declines in real estate investment and home prices both gathered pace last month. Industrial production rose 5.6% from a year earlier, the National Bureau of Statistics said, …

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VP Harris reportedly considers California governor run if election outcome disappoints

DOOCY: “Have you heard that VP Harris is telling friends that she may go back to California and run for governor if the election does not go her way?” KJP: “That is news to me.”pic.twitter.com/QeAnmLrDAE — Breaking911 (@Breaking911) May 16, 2024 Fox News' Peter Doocy asked the White House about Vice President Kamala Harris' plans …

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Amazon beats on profit and revenue, with growth of 13%. Outlook disappoints though

Amazon shares rose in extended trading on Tuesday after the company reported better-than-expected revenue and earnings. Here’s how the company did: Earnings per share: 98 cents vs. 83 cents expected by LSEG Revenue: $143.3 billion vs. $142.5 billion expected by LSEG Wall Street is also watching several other numbers in the report: Amazon Web Services: …

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China’s inflation data disappoints, with CPI at 0.4% and PPI dropping further.

China’s latest inflation figures signal ongoing economic challenges, with consumer prices barely positive and producer prices continuing to decline. The consecutive drop in GDP deflator for three years raises concerns about the economy’s trajectory, while central bank purchases drive a rally in gold prices. China #PPI #Deflationary 📉 đź’€https://t.co/iJ1xH9UGNO — Invariant Perspective (@InvariantPersp1) April 11, …

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July Jobs Report Disappoints! Only 187k Jobs Added, Wage Growth Of 4.4% Still Lower Than Core Inflation Rate Of 4.8%, Rent CPI (June) Is Still Roaring At 7.8% YoY (May and June Figures Revised Sharply Lower)

by confoundedinterest17 The Federal Reserve is watching July’s jobs report carefully. According to the Bureau of Labor Statistics (BLS), the US economy added 187k jobs in July, less than the expected 200k. US average hourly earnings continued at 4.4% year-over-year (YoY). However, the last core inflation reading was 4.8% YoY, so real wages continue to decline. Rent …

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Texas Manufacturing Survey Disappoints For 5th Straight Month Amid “Political Incompetence”(And Massive Corruption)

by confoundedinterest17 Dallas after (economic) midnight! Particularly after 5 consecutive months of negative readings. For the fifth straight month, the Dallas Fed’s Texas Manufacturing Outlook survey disappointed expectations, printing -23.2 vs -21.8 exp) and is negative for a fifth straight month.   Source: Bloomberg Texas factory activity declined in June, according to business executives responding to the …

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