Charting inflation metrics, CPI retained +0.2% growth in June even with food and energy prices stripped out. Speaking of parades, two more big Wall Street banks have reported Q2 earnings results before the bell today: Citigroup C posted an impressive earnings and revenue beat while Wells Fargo WFC just met the consensus estimate on the bottom line while missing slightly on sales. What Herbalife gets in return is a statement from the FTC that the company is considered not a "pyramid scheme" (as activist investor Bill Ackman has long claimed).
finance news