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Despite positive indicators of economic growth in the United States, a significant portion of the population feels otherwise. According to a recent survey conducted by Affirm, nearly 3 out of 5 Americans believe that the country is currently experiencing a recession. This perception is fueled by factors such as increased costs of living and financial
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The real estate market experienced a significant drop in June, with sales of previously owned homes plummeting by 5.4% compared to the previous month. The National Association of Realtors reported a total of 3.89 million units sold on a seasonally adjusted, annualized basis, marking a 5.4% decrease from the previous year. This slowdown in sales
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As Tesla prepares to report its second-quarter earnings, investors and analysts are keenly watching the numbers. Despite a challenging first half of the year, which saw Tesla reducing its workforce and experiencing a decline in vehicle deliveries, the company managed to exceed analyst expectations in some key areas. Tesla reported vehicle deliveries of 443,956 in
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Coca-Cola recently announced an increase in its full-year outlook, citing a rise in global demand for its beverages in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coke raised its outlook for comparable earnings growth to a
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United Parcel Service recently reported its second-quarter profit and revenue, which fell below expectations. The company’s revenue guidance for 2024 was also revised downwards to approximately $93 billion, lower than the initial forecast of $94.5 billion. This unexpected outcome resulted in a 7% drop in the company’s shares during premarket trading. Additionally, UPS adjusted its
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In a move to address the long-standing issue of inflated prescription medication prices linked to pharmacy benefit managers (PBMs), bipartisan lawmakers recently introduced a new bill known as the “Pharmacists Fight Back Act.” The legislation, spearheaded by Reps. Jake Auchincloss and Diana Harshbarger, aims to curtail dubious business practices employed by drug supply chain middlemen
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General Motors is anticipated to release their second-quarter results, with analysts forecasting an earnings per share of $2.75 adjusted and revenue of $45.46 billion. The expected results would signify a 1.6% increase in revenue compared to the previous year and a substantial 44.2% increase in adjusted earnings per share. Last year’s second-quarter results for GM
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