New York CNN —As the second-quarter earnings season kicks off this week, investors want answers on the health of the United States’ companies and its economy. The projected second-quarter earnings decline for companies listed in the S&P 500 is roughly 7.6% compared to the prior year, according to FactSet. That would be the third consecutive quarter of declines and the largest earnings decline reported by the broad-based index since a roughly 32% loss during the second quarter of 2020. But investors will be looking even more closely at what companies forecast for their financial performance and the broader economy. Energy secretary vows to replenish Strategic Petroleum ReserveEnergy Secretary Jennifer Granholm said the United States will refill the depleted Strategic Petroleum Reserve, reports my colleague Matt Egan.

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Persons: It’s, ”, Paul Eitelman, What’s, Steve Wyett, Jennifer Granholm, Matt Egan, Joe Biden, “, ” Granholm, Biden, Granholm, ” Read, Danielle Wiener, ” Jared Bernstein, Read Organizations: CNN Business, Bell, New York CNN, United, Wealth Management, Gross, North America, Russell Investments, Macy’s, Costco, JPMorgan Chase, Citigroup, BOK Financial, Energy, Strategic Petroleum Reserve Energy, Strategic Petroleum Reserve, CNN, The Energy Department, Bronner, of Labor Statistics, of Economic Advisers Locations: New York, United States, Wells Fargo, BlackRock, Ukraine, That’s