What we’re reading (7/27)
“This Could Be The Most Consequential Week For The Economy In Years” (CNN Business). “A slew of crucial economic data is set for release this week, including the jobs report, inflation, consumer confidence and corporate earnings. We’ll get the first glimpse at America’s second-quarter gross domestic product, the broadest measure of the economy. And, most crucially, the Federal Reserve will decide whether to cut rates or hold steady one more time.”
“Investors Are Flocking To The Stock Market’s Discount Rack” (Wall Street Journal). “As recently as April, Chase Goodman plowed his extra savings into funds linked to stock-market indexes dominated by the world’s biggest technology companies. Lately though, the Detroit-based 29-year-old analyst at an auto company is reading corporate filings and tracking where the shares of companies trade relative to their book value.”
“A Price Just For You, Specifically” (DealBook). “Imagine that an airline notices you’ve booked a five-star hotel, so it charges you more for your ticket than it would have if you had booked a four- or three-star hotel. That’s the vision of personalized pricing, a concept that has for years intrigued companies and enraged consumer advocates. While consumer backlash may still give companies pause, some roadblocks to widespread use of the strategy may be clearing.”
“Oil Edges Higher As EU Agrees To US Trade Deal Ahead Of Deadline” (Bloomberg). “Oil rose after the US and European Union agreed on a trade deal ahead of President Donald Trump’s tariff deadline of Aug. 1.”
“Euro Rises After US, EU Agree To Tariff Deal” (Reuters). “The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war. Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal, which will result in a 15% tariff on EU goods, half what Trump had threatened to impose from August 1.”
