'The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices ... is encouraging more households to buy.'
Operating profit totaled nearly $2.6 billion in North America, a company record for any quarter.
Still, the business environment remains one of 'slow growth and volatility," said CEO Jeff Immelt.
NFIB optimism index falls four points, "a disappointing sign that economic growth on Main Street is not set for a strong second half," says Bill…
The percentage of CFOs expressing rising optimism in their company's prospects fell to 38% from last quarter's 48%.
For cloud businesses, planning, budgeting, and forecasting are worlds apart from the norms at traditional enterprises.
“This portends well for second-quarter growth and the broader momentum of economic activity in the second half of the year," an economist says.
Bill Zerella feels that Fitbit will grow fast enough to keep pace with Apple and other looming competitors.
The U.S. Consumer Price Index jumped 0.4% in May, the largest increase in two years.
OPEC countries pumped oil at record monthly rates in May.