In the Unlock the Editor’s Digest for free, FT Editor Roula Khalaf highlights the US economy’s strong job creation, surpassing expectations in December and leading to a rise in Treasury yields as forecasts for Federal Reserve interest rate cuts were adjusted. Bank of America suggested the end of rate cuts and potential hikes, while Goldman Sachs revised their rate cut predictions. The robust jobs report impacted US government bond yields, with Wall Street stocks dropping and the S&P 500 hitting its lowest since the US election, signaling a potential shift in Fed policy as inflation and employment objectives are close to being met.
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The Biggest Takeaways From Axon Enterprise's Aug. 4 Earnings Report
On August 4, Axon Enterprise (NASDAQ: AXON) released its second-quarter financial report, leading to an 18% increase in its stock price, closing at approximately $745 per share. This rise contributes to a total year-to-date gain of 48% as of August 6. Want More Context? 🔎
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