retailers grew by less last month than economists expected, marking a slowdown from May’s growth. Oh Canada How well do you know our friendly neighbors to the north Take the Canadian History Quiz to find out. Reports on the economy Tuesday came in mixed. The biggest question is whether the economy can avoid a long-predicted recession after the Federal Reserve cranked up interest rates to fight inflation. Wall Street’s reporting season is just ramping up as companies tell investors how much profit they earned from April through June. Masimo, which makes medical equipment and also runs a consumer audio business home to the Bowers & Wilkins and Denon brands, tumbled 20% after it said it expects to report weaker-than-expected revenue for the spring in part because of fewer patients at U.S. ![]() It was one of several big financial companies to report better results than forecast, including Bank of America and Morgan Stanley. Shop now & choose Ship-to-Store for free shipping to your nearest participating True Value store. Charles Schwab jumped 12.6% after reporting stronger profit and revenue for the spring than analysts expected. True Value brings your local hardware store online. ![]() Stocks in the financial industry also drove the market higher.
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