October 31, 2024

GDP Rises While Inflation Drops, But Stocks Mixed on Soft Landing

Economy Opening consumer economy

The U.S. GDP rose 2.8% in Q3, beating estimates. Also, the PCE inflation rate for Q3 was also down from the previous quarter.

The post GDP Rises While Inflation Drops, But Stocks Mixed on Soft Landing appeared first on ValueWalk.

October 31, 2024

Alphabet Sees 35% Increase in Cloud Revenue in Q3 as Stock Soars

E:WorkAlphabet CEO Sundar Pichai.png

Alphabet stock rose about 6% on Wednesday after the tech giant reported Q3 earnings that beat estimates, fueled by cloud revenue.

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