Dow Jones Top Markets Headlines at 7 PM ET: S&P 500 Notches Another Record After GDP Revision | Fed's ...
S&P 500 Notches Another Record After GDP Revision
A report showed the economy expanded by 3.3% in the second quarter, a faster pace than the previous estimate.
----
Fed's Waller backs a series of interest-rate cuts over the next six months
Federal Reserve governor Christopher Waller on Thursday said he now supports a series of interest-rate cuts beginning in September, with the pace of subsequent moves driven by the incoming data.
----
Fed Governor Lisa Cook Sues to Stop Trump From Firing Her
The lawsuit tees up a high-stakes court battle over the president's authority to remove members of the central bank's board.
----
U.S. Economy Grew Faster in Second Quarter, New Estimate Shows
Consumer spending and AI investment add to the revision in the GDP.
----
What economists are watching for in tomorrow's PCE inflation and spending data
Higher inflation from tariffs is starting to flow through the U.S. economy at the same time that growth is losing some momentum.
----
E.U. to Scrap Duties on U.S. Industrial Goods as It Scrambles to Soften Auto Tariff Blow
The European Union will move to eliminate all tariffs on U.S. industrial imports and expand access for American farm products, part of an effort to shield European automakers from steeper duties on their exports to the U.S.
----
Russia's Deadliest Attack on Kyiv Since Trump-Putin Summit Damages EU Building
The strike on the Ukrainian capital involved more than 600 missiles and attack drones, and killed over a dozen people, including children.
----
Oil Glut Concerns Cloud Price Outlook Despite Geopolitical Risks
A survey compiled by WSJ showed Brent crude is expected to average $63.57 a barrel in the fourth quarter, while West Texas Intermediate is seen at $60.30 a barrel. That is down from last month's projections of $64.13 and $61.11, respectively.
----
Jobless-claims retreat is a sign that recent increase was not the start of a trend
First-time claims fall 5,000 to 229,000 in latest week as continuing claims also moderate.
----
Eurozone's Economic Outlook Worsens Amid U.S. Tariffs, Domestic Pressures
Confidence in the eurozone's economic outlook fell back as sluggish growth weighed on sentiment, with little hope of a major rebound ahead.
----
Europe Moves to Reimpose Sanctions on Iran for Nuclear Work
The move by the U.K., France and Germany aims to pressure Iran back into nuclear talks with the U.S.
----
Trump Fires Board Member of Regulator Weighing Rail Merger
The termination is a continuation of a firing spree as the president seeks to expand his control over independent government agencies.
----
Chinese Money Launderers Are Moving Billions Through U.S. Banks
The black market for U.S. cash may have driven as much as $312 billion in illicit money flows through financial institutions.