RingCentral shares are trading higher after the company reported better-than-expected Q1 financial results.
$RING
RingCentral shares are trading higher after the company reported better-than-expected Q1 financial results.
Save time and jump to the most important pieces.
Despite the stronger-than-expected increase in non-farm payrolls last month, the Bureau of Labor Statistics’ June Employment Situation report indicated an overall cooling trend in the U.S. labor market. Significant downward revisions of 111,000 fewer payrolls in the previous two reports, an unexpected rise in the unemployment rate, and the anticipated slowdown in wage growth are prompting most economists to believe the Federal Reserve may be more confident about announcing an interest rate cut, with September being the nearest option. Investors seem to share this view, with the probability of a September rate cut rising from 72% to 76% after the jobs report’s release, and the expecte