EconoTicker

The 175.19B market cap Verizon reported quarterly earnings per share (EPS) of $1.15 with no up, or down surprise. The company's total revenue at 32.8B missed the market forecasts.

The 277.09B market cap Netflix reported quarterly earnings per share (EPS) of $4.88, beating estimates. The company's total revenue also at 9.56B was better than the market forecasts.

The 838.54B market cap Taiwan Semiconductor reported quarterly earnings per share (EPS) of $1.48, beating estimates. The company's total revenue also at 20.82B was better than the market forecasts.

The 363.43B market cap J&J reported quarterly earnings per share (EPS) of $2.82, beating estimates. The company's total revenue also at  22.45B was better than the market forecasts.

The 12.35B  market cap Goldman Sachs reported quarterly earnings per share (EPS) of $8.62, beating estimates. The company's total revenue also at 12.73B was better than the market forecasts.

The 123.09B market cap Citigroup reported quarterly earnings per share (EPS) of $1.52, beating estimates. The company's total revenue at 20.1B met the market forecasts.

The 20.22B market cap Wells Fargo&Co (WFC)  reported quarterly earnings per share (EPS) of $1.33, beating estimates. The company's total revenue also at  1.28B was better than the market forecasts.

The 591.91B market cap JPMorgan (JPM) reported quarterly earnings per share (EPS) of $4.4, beating estimates. The company's total revenue also at 50.2B was better than the market forecasts.

The28.11B market cap Delta Air Lines reported quarterly earnings per share (EPS) of $2.36, as was estimated. However, the company's total revenue was lower than the market forecasts with 15.4B dollars.

The $229.44B market cap Pepsi-Cola reported quarterly earnings per share (EPS) of $2.28, beating estimates. However, the company's total revenue was lower than the market forecasts with 22.5B dollars.

The US Bureau of Labor Statistics (BLS) announced that the US PPI ıın June increased by 0.2% monthly and 2.6% annually, above the previous month and estimates.  

Also, the Core PPI, excluding food and energy prices, rose 3.0% year-over-year against an estimated 2.5%. On a monthly basis, the Core PPI rose by 0.4% compared to the 0.2% forecast.

This suggests that inflationary pressures remain persistent, as businesses are experiencing higher costs for goods and services, which may eventually be passed on to consumers.

According to data from the Bureau of Labor Statistics (BLS) released earlier Thursday, the US annual inflation slowed to 3.0% in June, compared to the 3.1% estimates, and down from 3.3% in May. The monthly figure fell 0.1%, weaker than the previous flat number.

The core reading, which exclude volatile items like food and energy prices, moved up by 3.3% year-on-year, slightly below the 3.4% May figure. On a monthly basis, the core figure increased by 0.1%, below the previous month's 0.2% gain.