U.S. equities were mixed and little changed at midday as the market weighed more corporate earnings reports and the latest report on U.S. economic growth. https://t.co/Gsqpp8Bixq ...

Economic Overview - Q2 GDP improved to +3.3%, marking the best growth in nearly two years, with a 30 basis points increase from the initial print and 20 basis points above expectations [2] - Consumption rose to +1.6%, the best quarter since Q4 of the previous year [2] - The Pricing Index remained unchanged at +2.0%, down from +3.8% in Q1, indicating cooling inflation [3] - Core Pricing reached +2.5%, 100 basis points lower quarter over quarter [3] - Inventories decreased to -3.3% in Q2 from +2.6% in Q1, while Net Trade improved to +5% this quarter from -4.6% last quarter [3] Job Market Insights - Initial Jobless Claims were reported at 229K, slightly below the expected 230K, marking the eighth downward shift since June [4] - Continuing Claims stood at 1.954 million, down from the revised 1.961 million, remaining above 1.94 million for 12 consecutive weeks [5] Earnings Reports - Dollar General (DG) reported earnings of $1.86 per share, exceeding estimates by +19.23%, with revenues of $10.73 billion, a +0.47% beat, and raised guidance [6] - Best Buy (BBY) posted earnings of $1.28 per share, surpassing expectations by +4.9%, with comparable sales turning positive at +1.5% [7] - Dick's Sporting Goods (DKS) reported earnings of $4.38 per share, exceeding estimates by +2.1%, and raised future guidance despite a recent acquisition miss [8] - Burlington Stores (BURL) saw earnings of $1.59 per share, beating consensus by +25%, with revenues of $2.71 billion, a +2.5% beat [10] Market Expectations - Pending Home Sales for July are expected to bounce back to +0.3% from -0.8% the previous month, following a year-over-year decline of -2.8% in June [11] - Major companies such as Marvell Technologies, Dell Technologies, and Ulta Beauty are set to report Q2 earnings later in the day [12]

Russia is struggling to meet even the central bank’s modest growth forecast, casting doubt on Governor Nabiullina’s assurances the economy isn’t cooling under high rates https://t.co/Wi11TOWqjP ...

Government Policy & Economic Outlook - The Swedish government is planning fiscal stimulus to boost its struggling economy [1] - This fiscal push is occurring as Sweden, the largest Nordic state, approaches an election year [1]

Short-maturity Treasuries fell slightly after strong US economic growth and employment data made a small dent in the market’s conviction the Fed will cut interest rates twice by year-end. https://t.co/vr2Bp5KmJg ...

Core Tenets - Endogenous growth theory links human capital, innovation, and investment to economic growth [1] Areas of Focus - The theory explores the relationship between human capital, innovation, and investment [1] Further Exploration - The report encourages deeper insights into the core tenets and criticisms of endogenous growth theory [1]

As China’s preoccupation with high-tech industry runs into limits, the country’s leaders are starting to emphasise an alternative, less familiar source of economic growth https://t.co/mAfhJb1bMrIllustration: Rose Wong https://t.co/vsX7t1AE2c ...

After a decade of meagre economic growth, shocks from a financial crisis, a pandemic and sky-high energy prices, finance ministers in much of the rich world are in a terrible bind. We explain why borrowing more is not the answer https://t.co/wEgHS1Tp1U ...

How the economic machine works in 30 minutes. The economy works like a simple machine, but many people don't understand it or they don't agree on how it works. And this has led to a lot of needless economic suffering.I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and to sidestep the global financial crisis and it has worked well for me for over 30 years. Let's begin.Though the economy might seem complex, it ...

Monetary Policy - India's central bank has not "lost sight" of its growth objective [1] - Price stability remains the primary mandate of India's central bank [1]