Finance

Trump says Powell must lower interest rates ‘now’ following GDP uptick

Trump says Powell must lower interest rates ‘now’ following GDP uptick

President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed chairman Jerome Powell must “now” lower rates. The...

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Mercedes-Benz pauses EV deliveries to the US as demand falters

Mercedes-Benz pauses EV deliveries to the US as demand falters

By Alessandro Parodi and Amir Orusov (Reuters) -Mercedes-Benz will pause deliveries of its EQ electric range to the United States, the carmaker said on Wednesday as it responded to slowing demand...

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Mexico’s economy grows more than expected in Q2 from previous quarter

Mexico’s economy grows more than expected in Q2 from previous quarter

MEXICO CITY (Reuters) -Mexico’s economy grew 0.7% in the second quarter from the previous three-month period, a preliminary estimate from national statistics agency INEGI showed on Wednesda...

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US economy rebounds a surprisingly strong 3% in the second quarter

US economy rebounds a surprisingly strong 3% in the second quarter

WASHINGTON (AP) — The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from Pr...

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Fintech Ramp secures $22.5 billion valuation in late-stage funding round

Fintech Ramp secures $22.5 billion valuation in late-stage funding round

(Reuters) -Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, paym...

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Watsco: Q2 Earnings Snapshot

Watsco: Q2 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Wednesday reported second-quarter net income of $183.6 million. The Miami-based company said it had profit of $4.52 per share. The results did not m...

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