The Federal Reserve is expected to open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.
Read More Fed likely to hold rates steady one last time as inflation fight finale unfolds
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Read More US inflation rises moderately, consumer spending cools
Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech mauling
Lyft will implement several safety and governance reforms to settle a shareholder lawsuit regarding drivers sexually and physically assaulting passengers.
Read More Lyft officials settle lawsuit over sexual assaults by drivers
U.S. existing home sales fell more than expected in June as the median house price set another record high.
Read More Record house prices depress US home sales in June
McDonald’s $5 value meal offer will be extended to August at most U.S. locations after about 93% of its restaurants voted in favor of the plan.
Read More McDonald’s extends $5 meal deal at most US outlets into August