Bank earnings, June PPI, Biden news conference: 3 Things
Major banks JPMorgan Chase & Co. (JPM), Wells Fargo (WFC), and Citigroup (C) reported second quarter earnings this morning, offering a mixed picture of the banking landscape tied to these institutions' net interest income.
The Producer Price Index (PPI) saw inflation rise for domestic producers in the month of June, outpacing estimates and increasing 0.2% month over month and 2.6% year over year.
President Biden hosted a solo news conference last night following the NATO summit held in Washington, DC this year, stating that he is the "most qualified person" to run for president against Trump.
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This post was written by Luke Carberry Mogan.