Economic News
Tesla beats on sales and profits in Q2 amid record deliveries
Tesla delivered better-than-expected profits and margins for its second quarter on the back of record sales of its vehicles.
US durable goods orders fall short of forecasts in June, but underlying demand strong
Demand for goods made to last more than three years grew a bit more slowly than anticipated last month, but economists said that the underlying trends remained strong.
UK shop prices fall but retailers' costs rise - BRC
Shop prices fell more sharply in July as food and fashion retailers battled for household spending but cost pressures are mounting for the UK's retailers, a survey showed.
IMF calls for rapid action to increase access to Covid-19 vaccines
The International Monetary Fund's chief economist called on world governments to improve low-and-middle income countries' access to vaccines in order to avoid downside risks.
US house price gains continue accelerating in May
US house price gains accelerated further in May with the annual rate of increase rising at its fastest pace in over 30 years, the results of a closely-followed survey revealed.
Peel Hunt downgrades Moonpig after results
Peel Hunt downgraded its stance on shares of Moonpig to ‘hold’ from ‘buy’ on Tuesday after the company’s prelims, and put the 500p price target under review.
Savills lifts 2021 house price growth forecast
Savills lifted its 2021 house price forecast on Tuesday, citing the extension of the stamp duty holiday.
UK retail stocks slump to record low - CBI
UK retail sales rose strongly in July but stocks fell to a record low and are set to dip further amid supply problems, a CBI survey showed.