Next two weeks' earnings may indicate US economy's fate
Published on Jul 20, 2014 12:20 PM
NEW YORK (REUTERS) - A long hoped for improvement in the economy appears to be manifesting itself in second-quarter US earnings, but the next two weeks could be the real test.
Companies such as General Electric (GE) and Intel have reported solid results.
In addition, GE believes now is a ripe moment to spin off its private label credit card division in the hope that growing consumer demand will make it more attractive.
Intel declared that personal computer sales had stabilised, while it forecast third-quarter revenue above Wall Street's expectations.
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