Jobless Claims Creep Higher; GM Posts 41% Drop In Q2 Profit
The number of people filing for first time unemployment benefits crept higher last week, rising less than economists had been anticipating. Orders for US factory goods unexpectedly slowed in June. The European Central Bank held its key interest rate at a record low of 0.75%. In earnings, General Motors posted a 41% drop in net income during the second quarter.
