In this week’s installment of our PureVest Weekly Roundup we checked in on the latest Retail Sales data for June which remained strong. Earnings season kicked off with mixed results from some of the largest financial companies. President Biden is headed to the Middle East for an important international trip. Costco and Apple were two outperformers this past week; and the Fed is considering a 75 basis point rate hike at their July meeting. We included 2 articles about financial planning as we feel that everyone should have one in place. Enjoy the light reading and have a great weekend!
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Markets & Economy:
Retail sales rose more than expected in June as consumers remain resilient despite inflation
source:www.cnbc.com
Citigroup tops profit estimates as bank benefits from rising interest rates, shares pop 5%
source:www.cnbc.com
JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks
source:www.cnbc.com
President Biden is heading to the Mideast with one eye on U.S. strategic goals abroad and another on his political vulnerabilities back home.
source:www.nytimes.com
Costco will stay hot even as economy slows, Deutsche Bank analyst says
source: www.yahoo.com
Fed hawks say they want 75 basis point rate hike in July
source: www.reuters.com
Earnings Season Is Coming. Here’s What It Means for the Stock Market
source: www.barrons.com
Apple’s new MacBook Air is a near-perfect update, but don’t rule out the older model
source:www.cnbc.com
Education:
5 Ways Financial Planning Can Help
source: www.schwab.com
source: www.investopedia.com
We believe everyone should have a Financial Plan in place. Our Fact Finder is a great place to start… PureVest Financial Plan Fact Finder
Just For Fun:
About Golf’s Original Championship | The Open
source: www.theopen.com