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S&P 500 and Nasdaq post biggest monthly gains since 2020

Apple sees continued strength in iPhone demand Amazon expects higher revenue in the third quarter Intel cuts annual forecasts, stocks slump Oil giants Exxon and Chevron jump after achieving record revenues Indices: Dow Jones rose 1%, Standard & Poor’s 500 rose 1.4%, Nasdaq rose 1.9%. NEW YORK (Reuters) – US stocks added to their latest …

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From burgers to bleach, stressed consumers buy cheap

NEW YORK/LONDON, July 26 (Reuters) – Some global consumers are showing signs of a meltdown, with shoppers confirming record inflation is sticking to basics like food, bleach and cheap burgers, while larger bank account holders buy $3,000 Louis Vuitton handbags. . Investors are closely watching corporate results for signs that economies are heading for a …

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Exclusive: Hyundai subsidiary used child labor at Alabama plant

LOVERN, Alabama (Reuters) – A subsidiary of Hyundai Motor Co. used child labor at a plant that provides parts for the Korean automaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers. and eight former and current employees of the factory. These people said that minor workers, in …

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