News 

There’s growing evidence that eating fat won’t make you fat, but sugar will

“But an increasing body of evidence is beginning to suggest that when eaten in isolation, fat doesn’t contribute to weight gain” writes Erin Brodwin for businessinsider.com. It makes intuitive sense that rich foods like creamy avocados or butter-drenched salmon would contribute to weight gain.In other words, the proof that sugar is linked with weight gain is in the pudding — quite literally. Source: businessinsider.com Share This:

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News Stocks 

Dow marks 4th straight gain as stocks finish broadly higher after Powell testimony

“The blue-benchmark’s gains were buoyed by a rally in component Johnson & Johnson JNJ, +3.54% which reported second-quarter earnings and revenue that were better than expected” writes Mark Decambre for marketwatch.com. Providing testimony in front of the Senate Banking Committee, Powell said the “best way forward is to keep gradually raising the federal-funds rate for now.”.  Source: marketwatch.com Share This:

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Markets News 

Dow logs third straight gain, but Nasdaq, S&P 500 sink as energy slump offsets bank rally

“The Dow Jones Industrial Average marked its third gain in a row on Monday, but the broader market finished slightly lower as the sell-off in the energy sector weighed on the market” writes Mark Decambre for marketwatch.com. NFLX, +1.18% saw its shares in focus ahead of its release of second-quarter results, which were slated for after the close of Monday trade.The S&P 500 index SPX, -0.10% fell 0.1% at 2,798, with the energy sector falling 1.2% amid a rout in crude-oil futures CLQ8, -4.18% while the banking sector enjoyed a…

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U.S. retail sales climb again in June after jumbo gain in May

“Gas stations posted a 1% increase last month and sales are up a whopping 21.6% in the past year” writes Jeffry Bartash for marketwatch.com. Retail sales have increased 6.6% over the past 12 months, slightly above the long-run average since 1980.Americans raised spending in the spring on a variety of goods and services, spurring businesses to increase hiring and production.The increase last month followed an even bigger burst of spending in May, when sales grew a revised 1.3% instead of previously reported 0.8%. Source: marketwatch.com Share This:

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Geekbench Shows 2018 MacBook Pro Has Biggest Yearly Performance Gain Since 2011

“2018 MacBook Pro models feature the biggest yearly CPU performance gains since 2011, according to Geekbench founder John Poole” writes Am Pdt for macrumors.com. Geekbench 4 scores indicate the latest 15-inch models have a 12 to 15 percent increase in single-core performance, while multi-core performance is up 39 to 46 percent, compared to the equivalent 2017 models.A new 15-inch MacBook Pro with the best-available 2.9GHz six-core Intel Core i9 processor, with Turbo Boost up to 4.8GHz, has a multi-core score of 22,439, for example, a 44.3 percent increase versus a…

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U.S. banks gain from Washington policy changes but trade worries loom

“Wells Fargo was the only one of the three lenders whose profit did not meet Wall Street expectations” reports businessinsider.com. The scandal-plagued bank was hurt by costs relating to past misconduct and a decline in mortgage lending.JPMorgan, the largest U.S. bank by assets, had the strongest results, with profit jumping 18 percent year over year on strong trading revenue and loan growth. Source: businessinsider.com Share This:

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News Stocks 

Stocks open higher, on track for fifth gain of past six sessions

“U.S. stocks opened higher on Thursday, rebounding from a broad decline in the previous session as the tense trading relationship between the U.S. and China once again appeared to ease” writes Markets Reporter for marketwatch.com. Investors are concerned that a full-on trade war could act as a major headwind to growth. Source: marketwatch.com Share This:

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Markets News 

Asian shares close higher, tracking Wall Street’s rally as trade worries ease

“Markets in Asia closed higher on Tuesday, taking cues from the rally in U.S. stocks as investors temporarily set aside recent trade-related concerns” writes Cheang Ming for cnbc.com. Still the index notched its third consecutive close higher.In Japan, the Nikkei 225 advanced 0.66 percent, or 144.71 points, to close off its intraday high at 22,196.89 after losing around 100 points in the last minutes of trade. Source: cnbc.com Share This:

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Consumer credit growth accelerates sharply in May

“What happened: Revolving credit, like credit cards, surged in May, rising by 11.4% after a 1.3% gain in April” writes Senior Economics Reporter for marketwatch.com. Total consumer credit increased $24.6 billion in May to a seasonally adjusted $3.9 trillion.And now it looks like consumers are using their credit cards to fuel that spending.This is the fastest pace of credit growth since November.Economists has been expecting a $12.4 billion gain, according to Econoday. Source: marketwatch.com Share This:

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