Wells Fargo reports higher profit

Source: Dukascopy Bank SA
Wells Fargo posted higher quarterly profit, with 6% rise in wholesale bank and 26% growth in community bank segments, thanks to cost controls and increase in loans.
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Tue, 16 Jul 2019 17:15:14 GMT

Atlanta Fed raises US GDP forecast to 1.6% in Q2

The Atlanta Fed's GDPNow forecast revealed that the US economy grew at a 1.6% annualised rate in the Q2 based on better-than-forecast retail sales and industrial output data, whic came in in line with forecast in June.

Tue, 16 Jul 2019 15:32:45 GMT

US manufacturing production up in June

The US manufacturing production accelerated 0.4% in June, climbing for the second straight month and surpassing 0.2% forecast, owing to higher output of motor vehicles and parts, the Fed reported.

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