Inversiones y negocios

Connected media - Linked media TOULON — The European Union’s statistics agency reported on Wednesday that headline inflation in the eurozone unexpectedly increased to 2.6% in July, despite a slight deceleration in the services sector. In June, inflation stood at 2.5%, a small decrease from May’s figure of 2.6%. Economists surveyed by Reuters had forecast that July’s inflation rate would match June’s 2.5%. Core inflation, which strips out volatile items like energy, food, alcohol, and tobacco, reached 2.9% in July, slightly above the Reuters estimate of 2.8% and consistent with June’s core inflation rate. Services inflation, a closely monitored indicator, dropped…

Related media - Associated media LAS VEGAS — Qualcomm’s fiscal third-quarter earnings surpassed Wall Street predictions, delivering robust results and optimistic guidance for the upcoming quarter. At a press conference during CES 2022, Qualcomm Chairman and CEO Cristiano Amon discussed the company’s performance. Following the earnings report, Qualcomm’s shares jumped over 6% in after-hours trading. For the quarter ending June 23, Qualcomm’s results were as follows compared to LSEG’s consensus estimates: Earnings per share: $2.33 (adjusted) versus $2.25 expected Revenue: $9.39 billion (adjusted) compared to $9.22 billion anticipated Net income for the quarter reached $2.13 billion, or $1.88 per share, up…

Linked media - Connected media A significant inflation indicator for the Federal Reserve showed a modest increase in June compared to the previous year, potentially setting the stage for an anticipated interest rate cut in September. The personal consumption expenditures (PCE) price index, a key measure of inflation, rose by 0.1% in June and was up 2.5% year-over-year, aligning with Dow Jones estimates, the Commerce Department reported on Friday. This follows a 2.6% year-over-year increase in May, with the monthly measure remaining unchanged. The Federal Reserve relies heavily on the PCE index to gauge inflation, which remains above the central…

Connected media - Linked media Shares of Diageo, the renowned alcohol producer behind Johnnie Walker, dropped more than 10% on Tuesday following a report of its first annual sales decline since the pandemic began. By the end of the trading day, shares had recouped some losses but still closed down 5.08%. The London-based company reported a 0.6% decline in organic net sales for the fiscal year ending June 30, attributed mainly to underperformance in the Latin America and Caribbean markets. Reported net sales saw a 1.4% decrease. Despite the overall downturn, Guinness emerged as a bright spot for Diageo. The…

Connected media - Connected media Donald Trump, speaking at the 2024 Bitcoin Conference in Nashville, Tennessee, did not commit to establishing a strategic bitcoin reserve for the United States. Instead, the former president and current Republican candidate promised to maintain the existing level of bitcoin, which the government has acquired through asset seizures from financial criminals. “For too long, our government has violated the fundamental rule that every bitcoiner knows by heart: never sell your bitcoin,” Trump declared during his keynote address. He assured that, if elected, his administration would retain all bitcoin currently held or obtained in the future…

Associated media - Associated media Conor Daly recently tackled an intense week, participating in three different races with three distinct types of vehicles: an IndyCar, a NASCAR truck, and a NASCAR Xfinity Series car. This feat is particularly impressive for a driver without a full-time racing contract. The 32-year-old Daly, son of former Formula One driver Derek Daly and stepson of Indianapolis Motor Speedway chairman Doug Boles, has a storied career with 110 IndyCar starts, though he has only competed in two IndyCar races this year. He finished 10th in the Indianapolis 500 and 27th in Iowa, stepping in for…