U.S. Economy Surges Back to Pre-Virus Levels
GDP rose at an annual rate of 6.5% in Q2 but shortages of workers and supplies of crucial products could slow growth for the rest of the year.
Robinhood Raises $2B Ahead of Market Debut
The IPO is "a major milestone for a company that revolutionized the way Americans invest and is enjoying explosive growth."
IMF Says Price Pressures Could Be ‘More Persistent’
"Uncertainty remains high" and "central banks may need to take preemptive action," the Fund warns in its latest World Economic Outlook.
U.S. Factory Orders Climb 0.8% in June
Despite supply chain issues, "business investment is showing no signs of slowing down or a lack of confidence in continuing strength in consumer demand."
Tesla Beats $1B, Posts Record Profit in Q2
Tesla was profitable without regulatory credits, which it sells to rival automakers, for the first time since the end of 2019.
Bill.Com Buys Invoice2go to Boost AR Offerings
The $625 million deal supports Bill.com's “strategy to invest in our platform to be a one-stop shop solution for businesses."
ECB Keeps Interest Rates Unchanged in Eurozone
"The pandemic continues to cast a shadow, especially as the Delta variant constitutes a growing source of uncertainty."
Eagle Bancorp CFO Faces SEC Probe
The commission has notified Charles Levingston of possible charges but he will continue to serve as finance chief.
Uber Freight Bulks up With $2B Transplace Buy
"This is an opportunity to create an an industry-first shipper-to-carrier platform," the head of Uber's delivery business says.
Tandy Leather Fined for Faulty Inventory Tracking
The SEC says the limitations in Tandy's tracking system resulted in inaccurate information being included in its financial statements going back to 2016.
Biden to Name Tech Critic as Top Antitrust Cop
Jonathan Kanter "has been a leading advocate and expert in the effort to promote strong and meaningful antitrust enforcement and competition policy.”