Evercore | 10-Q: Q2 2024 Earnings Report
Observers refute Wall Street's views and state that the Federal Reserve will not agree to a 50 basis point interest rate cut.
The weak July non-farm payroll report has exacerbated concerns in the market about the Fed's late interest rate cut, but the possibility of a 50 basis point cut in September by policymakers is small, as a massive rate cut might be seen as a warning. The report from the US Bureau of Labor Statistics showed that hiring slowed significantly in July, and the unemployment rate rose to its highest level in nearly three years. Austan Goolsbee, president of the Chicago Fed, said in an interview, "We don't want to overreact to any one month's data." Including jpmorgan and Citigroup, some Wall Street banks have changed their rate forecasts after the non-farm payroll report was released. They are currently expecting a 50 basis point rate cut in September.
Full text | Amazon Q2 earnings conference transcript: Believe in the rewarding self-developed chips and empower AWS.
Amazon released its Q2 FY2024 financial report today: net sales were $148 billion, a 10% YoY increase, and an 11% YoY increase excluding the impact of exchange rates; net income was $13.5 billion, a significant YoY increase of 100%; and diluted earnings per share were $1.26, a significant increase compared to the same period last year when it was $0.65. After the release of the financial report, Amazon's CEO Andy Jassy, CFO Brian Olsavsky, and Investor Relations Manager Dave Fildes
(EVR) - Analyzing Evercore's Short Interest
Insider Sale: Director Pamela Carlton Sells Shares of Evercore Inc (EVR)
Here Are All The Wall Street Titans Backing Harris's Presidential Bid So Far
