Here are five key things investors need to know when starting their trading day:
1. red
2. to be struck
Tesla logo in front of a car dealership in Berlin on April 23, 2024.
Sebastian Gorno | Image Alliance | Getty Images
There were a few missteps after the bell on Tuesday. Tesla The company’s second-quarter earnings fell short of Wall Street expectations, and auto sales fell for the second consecutive quarter. The electric car maker reported adjusted earnings of 52 cents per share, while analysts polled by LSEG expected 62 cents per share. The company did beat expectations, however, with revenue of $25.5 billion, compared with the consensus estimate of $24.77 billion. letter YouTube ad revenue took a hit, with the unit generating $8.66 billion, below analysts’ expectations of $8.93 billion, according to StreetAccount. Alphabet beat Wall Street’s profit and revenue estimates, earning $1.89 per share versus expectations of $1.84 per share. The company’s revenue of $84.74 billion topped the consensus estimate of $84.19 billion.
3. Sales decline
Exit realtor for sale sign in front of beautiful old home in Forest Hills, Queens, New York.
Lindsay Nicholson | Underground CG | Universal Image Group | Getty Images
It looks like we may be entering a buyer’s market. Compared with May, second-hand home sales fell 5.4% in June to 3.89 million units on a seasonally adjusted annualized basis. That’s according to the National Association of Realtors. Sales also fell 5.4% from the same period last year. This is the slowest sales pace since December. In terms of inventory, June increased 23.4% from the same period last year, and the number of homes available for sale was 1.32 million units, the highest supply since May 2020. Years ago an additional day was added. Meanwhile, prices remain high, with the median price of an existing home sold in June being $426,900. It grew 4.1% compared with the same period last year and hit a record high for the second consecutive month.
4. Secrets leaked
On July 22, 2024, on Capitol Hill in Washington, the United States, U.S. Secret Service Director Kimberly Cheatle attended the House Oversight Committee’s hearing on the security breach that led to the assassination of Republican presidential candidate Donald Trump.
Kevin Mohart | Reuters
The head of the U.S. Secret Service officially steps down. Kimberly Cheatle resigned on Tuesday following an assassination attempt on former President Donald Trump at a Pennsylvania rally in early July that left one attendee dead and two others seriously injured. A day earlier, Chittle testified before the House Oversight and Accountability Committee about Secret Service operations ahead of the Pennsylvania rally. The director angered lawmakers on the House committee by refusing to answer many questions about the Secret Service’s conduct. “In light of recent events, it is with a heavy heart that I have made the difficult decision to resign as your director,” Chettle wrote in a letter to agency staff.
5. Facing censorship
ATLANTA, GA – JULY 23: Passengers wait to board a flight at Hartsfield-Jackson Atlanta International Airport on July 23, 2024 in Atlanta, Georgia. Delta Air Lines has canceled and postponed hundreds of flights as outages caused by a Crowdstrike software update continue into their fifth day. (Photo by Brandon Bell/Getty Images)
Brandon Bell | Getty Images News | Getty Images
The U.S. Department of Transportation is investigating the massive flight disruptions and customer service failures caused by an IT outage at Delta Air Lines on Friday. Department of Transportation says airline has thousands of flight cancellations delta Promises to passengers were not fulfilled. The agency added that the investigation would begin as it processes a “large number” of customer complaints. In response, Delta said in an emailed statement that it was cooperating fully. “Throughout our operations, Delta teams are working tirelessly to serve customers impacted by delays and cancellations and provide them with appropriate service as we work to restore the value they have to Delta,” the airline said. Expect reliable, on-time service.
— CNBC’s Samantha Subin, Alex Harring, Ece Yildirim, Michael Wayland, Lora Kolodny, Jennifer Elias, Diana Olick, Dan Mangan, Rebecca Picciotto, Justin Fisher and Leslie Josephs contributed to this report.
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