Our PureVest Weekly Roundup looked at the latest employment report, where U.S. employers added 187,000 jobs. The unemployment rate ticked lower to 3.5%. For the second time in history, the U.S. credit rating was downgraded when Fitch lowered its rating… What does this mean? Apple and Amazon reported earnings on Thursday evening. Apple’s standout announcement came from its services segment, which now has over 1Billion paying customers. Amazon had a much better-than-expected report on the back of an aggressive cost-cutting strategy. Mortgage rates are at 15-year highs, but home prices remained strong due to a continued lack of inventory. After a 9% COLA increase in 2023, Social Security benefits are projected to receive a 3% bump in 2024. NFL preseason kicked off last night; get caught up on the storylines surrounding all the teams headed into the upcoming season. Enjoy the light reading, and have a great weekend.
PureVest Report… If you haven’t read our latest report on the “7 Critical Questions To Ask Before Retirement” click the link below and check it out.
Markets & Economy:
US employers add a still-solid 187,000 jobs in June; unemployment dips to 3.5%
source:www.abcnews.com
Fitch just downgraded the U.S. credit rating — how much does it matter?
source:www.npr.org
Apple’s most profitable line of business is making up for some hardware struggles
source:www.cnbc.com
Amazon reports blowout profit, beats on sales and issues optimistic guidance
source:www.cnbc.com
Mortgage Rates Jump, 15-Year Average Hits 4-Week High
source:www.investopedia.com
Social Security 2024 COLA expected to jump 3%
source:www.newsnational.com
Education:
What Is a Credit Rating?
source:www.investopedia.com
Just For Fun:
2023 NFL Team Previews
source:www.irotowire.com
PureVest Report:
We put together a FREE report on the top questions you should be asking as you plan your retirement. Download your copy now!