USA Personal Spending (MoM) for Jul 0.300% vs 0.300% Est; Prior 1.100%
USA Personal Spending (MoM) for Jul 0.300% vs 0.300% consensus estimate. The prior reading was 1.100%.
South Korea’s Central Bank Raises Benchmark Rate For First Time In Nearly Two Years
South Korea has become the first major Asia-Pacific economic power to see its central bank raise interest rates since the start of the COVID-19 pandemic.
What Happened: The Bank of Korea upped its benchmark rate to 0.75%, a 25-basis-point increase from its 0.50% record low. This is the first increase in the nation’s benchmark rate since September 2018.
USA GDP (QoQ) for Q2 6.600% vs 6.700% Est; Prior 6.500%
USA GDP (QoQ) for Q2 6.600% vs 6.700% consensus estimate. The prior reading was 6.500%.
USA Initial Jobless Claims for Aug 20 353.000K vs 350.000K Est; Prior 348.000K
USA Initial Jobless Claims for Aug 20 353.000 thousand vs 350.000 thousand consensus estimate. The prior reading was 348.000 thousand.
USA Durable Goods Ex-Defense (MoM) for Jul (1.200)%; Prior Revised from 1.100% to 0.900%
USA Durable Goods Ex-Defense (MoM) for Jul (1.200)%. The prior reading was revised from an initial 1.100%. to 0.900%.
USA Durable Goods Orders (MoM) for Jul (0.100)% vs (0.300)% Est; Prior 0.800%
USA Durable Goods Orders (MoM) for Jul (0.100)% vs (0.300)% consensus estimate. The prior reading was 0.800%.
The Lotto Goes Digital: Watch Out For These Small Stocks
Like almost everything consumed and serviced, the American lottery is adapting to the world wide web. That is, the industry is going online, according to recent reporting by Modern Retail.
Airline Recovery Continues Even As Some Cut Trips: Watch Out For These Airline Stocks
A recovery for airline companies is in the works. The industry accrued a total of $4.1 billion in July ticket sales — a 947% increase compared with the prior year’s numbers, according to Airlines Reporting Corp.
Back-To-School Shopping Will Never Be The Same
After a year of going to class behind a camera wearing nice shirts with sweatpants, children across America are finally beginning to go back to school, for real.
USA Existing Home Sales for Jul 5.990M vs 5.840M Est; Prior 5.860M
USA Existing Home Sales for Jul 5.990 million vs 5.840 million consensus estimate. The prior reading was 5.860 million.