Applications for jobless benefits fell modestly last week as US labor market remains healthy amid high interest rates
Applications for jobless benefits fell modestly last week as US labor market remains healthy amid high interest rates.
Applications for jobless benefits fell modestly last week as US labor market remains healthy amid high interest rates.
The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 2.8% rate from April through June. The second-quarter growth marked a sharp acceleration from a sluggish 1.4% growth rate in the first three months of 2024.
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Marvell Technology, Inc. (NASDAQ:MRVL) is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 29. Analysts expect the Wilmington, Delaware-based company to report quarterly earnings at 30 cents per share, down from 33 cents per share in the year-ago period. Marvell Technology is projected to post revenue of $1.25 billion, according to data from Benzinga Pro. On Aug. 22, Rosenblatt analyst Hans Mosesmann maintained Marvell Tech with a Buy and main
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While other types of illicit activity are growing, scams are the biggest issue, Wednesday's report from the analytics firm said.