ROARING 20S: Wall St blowout profits… CPI: 5.4%… Maui median home price: $1.1M… ‘This feels like 1999’…

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ROARING 20S: Wall St Blowout Profits…

After closing the books on the second quarter, executives are the most positive they have ever been about the profits their companies are generating, according to data from FactSet. And that might be a good sign that bottom-line growth will continue even after the expected rebound from the pandemic economic plunge.

Companies begin reporting their second quarter profits this week. Things really kick off tomorrow, when Goldman Sachs, JPMorgan Chase and PepsiCo publish their earnings before the market opens. The big banks, in particular, are likely to reveal bumper profits, The Times’s Lananh Nguyen reports.

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CPI: 5.4%…

  • onsumer prices increased 5.4% in June from a year earlier, the biggest monthly gain since August 2008.
  • Excluding food and energy, inflation increased 4.5%, the largest move since September 1991.
  • Used car and truck prices comprised about one-third of the total CPI increase.

Maui median home price: $1.1M…

‘This feels like 1999’…

  • In March last year, venture capital firm Sequoia described the coronavirus as the “black swan of 2020.”
  • Fast forward to July 2021, and tech investors are writing bigger checks than ever before.
  • “This feels a lot like 1999 to me,” Hussein Kanji, a partner at Hoxton Ventures, told CNBC.
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