U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
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The U.S. economy grew at a pace of 2.8% in the second quarter, surpassing expectations. Wholesale prices rose 0.2% in June, slightly higher than anticipated. Retail sales remained unchanged in June, which was better than expected. Former Kansas City Fed President believes the Fed is seeing the progress they have been seeking. Former SEC Chair Jay Clayton finds Senator JD Vance appealing to everyday Americans. American Airlines CEO Robert Isom expressed dissatisfaction with Q2 results. Small caps could rise over 15% in August, according to Fundstrat's Tom Lee. Salesforce CEO Marc Benioff believes access to data will lead to phenomenal AI. The NBA signed new 11-year media agreements with Disney, NBC, and Amazon. Ford shares fell after-hours as the EV division reported a $1.14 billion loss.

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https://www.cnbc.com/video/2024/07/25/u-s-economy-grew-at-a-2-point-8-percent-pace-in-the-second-quarter-much-more-than-expected.html