The University of Michigan’s gauge of consumer sentiment rose to a preliminary July reading of 72.6 from a June reading of 64.4.
Metals Stocks: Gold prices notch their best week since April after U.S. inflation reports
Gold futures inch higher on Friday, with prices posting best week since April after a batch of encouraging U.S. inflation data help drag the dollar to its lowest level in more than a year.
: More than 218,000 global tech employees have lost their jobs since the start of 2023
The number of global tech layoffs has gone up more than eightfold since mid-January, according to Layoffs.fyi.
: The Biden administration will cancel $39 billion in student debt. Here’s who is eligible.
The more than 804,000 borrowers affected by the relief have been paying on their student loans for decades.
Economic Report: U.S. import prices fall in June, fifth drop in past six months
The import price index fell 0.2% in June, the Labor Department said Friday. This is the fifth decline in the past six months.
Brett Arends’s ROI: Gold should be dead, but somehow it’s still adding value
Gold hasn’t served a vital economic function since the government stopped treating it as money back in 1971
Earnings Outlook: AI will ‘fundamentally change’ Google search, Meta advertising: analyst
“We expect search to fundamentally change, but change will take time, and our analysis of 3 key AI success factors still put GOOGL in the best position to disrupt/improve its own business,” Morgan Stanley analyst Brian Nowak wrote Thursday.
: Amazon, Microsoft and Google cloud services bet heavily on AI, but do their customers even want it?
“AI” may be the two most frequently spoken letters in business this year, but the technology is not as high a priority as one might think when it comes to business spending.
Banking: JPMorgan Chase, Wells Fargo, Citi beat earnings targets but uncertainty clouds the economic outlook
JPMorgan Chase CEO Jamie Dimon says the U.S. economy remains strong but consumers are spending a little more slowly.
Cannabis Watch: Canopy Growth strikes deal with lenders to reduce debt by $333 million over next six months
The troubled Canadian cannabis company has struggled to make money and issued a going-concern warning last month.
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