Inversiones y negocios

Washington DC —With the Federal Reserve hinting at potential interest rate cuts, market participants are increasingly eager to act. In a press conference following Wednesday's Federal Open Market Committee (FOMC) meeting, Claudia Sahm, chief economist at New Century Advisors, questioned the Fed's delay. "What are they looking for?" she asked. "The bar is getting so high, and that doesn't make a lot of sense. The Fed needs to gradually begin that process of getting back to normal, which means gradually cutting interest rates." Sahm, known for the "Sahm ​​Rule," which uses changes in the unemployment rate to signal recessions, has…

ALBA, FLORIDA — British oil giant Shell on Thursday reported second-quarter earnings that beat expectations, despite challenges such as lower refining margins and a weak performance in its liquefied natural gas business. Key financial data Shell reported adjusted earnings of $6.3 billion for the quarter ended June, beating analysts’ projections of $5.9 billion, according to LSEG estimates. However, that represents a 19% decline from the $7.7 billion it reported in the first quarter of 2024. Share buybacks and dividends The company also revealed a $3.5 billion share repurchase program that will run over the next three months, maintaining the same…

NANTERRE, France — French sensation Léon Marchand continued his impressive run at the Paris Olympics, becoming the first swimmer in history to win gold in both the 200-meter butterfly and 200-meter breaststroke at the same Games. And he did it on the same night. Marchand won his first gold medal of the day in the 200-meter butterfly, setting an Olympic record with a time of 1:51.21, in an incredible comeback over Hungary's Kristóf Milák, who finished second with a time of 1:51.75. About two hours later, Marchand set another Olympic record by swimming the 200-meter breaststroke in 2:05.85. It was…

The U.S. labor market is expected to show signs of cooling in July, due to the gradual economic slowdown and the impact of Hurricane Beryl on hiring rates. The Labor Department’s July nonfarm payrolls report, due Friday at 8:30 a.m. ET, is expected to reflect this slight decline. However, the expected decline is in line with the Federal Reserve’s strategy for a controlled economic slowdown. “If the Fed was aiming for a soft landing, it looks like it’s done it,” said Mike Reynolds, vice president of investment strategy at Glenmede. “We’re seeing some weakness in the labor market, but nothing…

Amazon reported its second-quarter earnings on Thursday, reporting lower-than-expected revenue and a less optimistic outlook for the next quarter, sending the company’s shares lower in after-hours trading. Here are the key data: Earning per share: $1.26, versus $1.03 expected by LSEG Income: $147.98 billion, below LSEG's projection of $148.56 billion Additional metrics of interest to Wall Street include: Amazon Web Services (AWS): It generated $26 billion in revenue, according to StreetAccount Advertising: It brought in $13 billion in revenue, according to StreetAccount