US stocks were lower on Thursday after the latest consumer inflation print came in hotter than anticipated, further blurring the picture of the Federal Reserve’s next interest rate decision in November. The Dow Jones Industrial Average (^DJI) dropped around 0.1%, or just less than 60 points, while the S&P 500 (^GSPC) fell 0.2% after both

article FILE-People shop at a grocery store on August 14, 2024 in Rosemead, California. (Photo by FREDERIC J. BROWN/AFP via Getty Images) The Brief Inflation dropped in September to its lowest in three years. Gas prices declined from August to September, but grocery prices, food prices, and restaurant prices also increased.  “Core” prices, a measure

David Paul Morris/Bloomberg via Getty Images Inflation fell in September as lower gasoline prices combined with other waning price pressures in areas such as housing to bring relief to consumers’ wallets, according to the U.S. Bureau of Labor Statistics. The consumer price index, a key inflation gauge, was up 2.4% last month from September 2023,

U.S. inflation has hit its lowest level since early 2021, marking a cooling trend in three years of economic price pressures. The Labor Department reported Thursday that consumer prices rose 2.4 percent in September compared to the same month last year, down slightly from 2.5 percent in August. This marks the smallest annual increase since

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The investment world has quickly swapped its insignia over the past couple of weeks.

US consumer inflation slightly cooled down to 2.4 per cent in September from a year ago, a slight drop from August’s 2.5 per cent, and the lowest annual increase since February 2021, according to the Labor Department‘s statement released on Thursday.However, when excluding the volatile food and energy costs, “core” prices, which provide a better

HONG KONG, Oct. 10, 2024 /PRNewswire/ — At the ‘Inno4life Creative Culture and Technology Innovation Expo 2024’ held at the Hong Kong Convention and Exhibition Centre in Wan Chai, century-old pharmaceutical company Tong Ren Tang partnered with YY Global Health Cares Co., Ltd. to launch a brand new smart retail self-service vending machine, showcasing the latest

The tech sector has been powering market gains over the past year, and AI stocks have been at the forefront of tech. AI has the potential to overturn the tech world and recast the general economy; in doing so, it also has the potential to be a gold mine for investors. But not every AI

The pace of price increases over the past year took was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene, the Labor Department reported Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2% for

Druckenmiller dumped shares of Nvidia in favor of two industry-leading businesses during the June-ended quarter. Important data releases aren’t hard to come by on Wall Street. Monthly employment and inflation reports, coupled with earnings season (i.e., six weeks packed full of operating results from public companies), can make it easy for important data to fly

U.S. inflation likely reached its lowest point since February 2021 last month, potentially clearing the way for another Federal Reserve rate cut. The consumer price index is expected to have risen 2.3% in September compared to 12 months earlier, according to economists surveyed by FactSet. This marks a drop from August’s 2.5% increase. The small

reuters_tickers This content was published on October 9, 2024 – 18:28 By Paolo Laudani, Sruthi Shankar and Johann M Cherian (Reuters) -European stocks settled higher on Wednesday, bouncing from losses in the previous session as investors focussed on upcoming interest rate cuts and a key U.S. inflation report later this week. The continent-wide STOXX 600

AI-generated image for illustration purpose only. 9th October 2024 – (Chongqing) Following the National Day holiday break, the A-share market resumed trading on the 8th of October. There has been a recent surge in stock trading activities in mainland China, with a wave of new investors, including many post-2000s and post-2005 youngsters, joining the market.

File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. (Photo: Xinhua) The People’s Bank of China (PBC), the central bank, announced on Thursday the launch of a 500 billion yuan ($70.61 billion)  swap facility that allows eligible financial institutions to use assets as collateral to secure liquidity,

Lucy Nicholson/Reuters Billionaire investor Bill Gross says the stock market’s record-breaking run is set to slow. He recommends that investors reposition toward defensive and high-yielding stocks. His favorite investments at the moment include MLP pipelines and municipal income funds. Though this year’s record-beating stock rally continues to impress Wall Street, billionaire investor Bill Gross isn’t

Germany downgrades growth outlook Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024. Krisztian Bocsi | Bloomberg | Getty Images Germany is expecting its first two-year recession in almost two decades, the government said, downgrading its 2024 growth forecast for the euro zone’s largest economy. Economy Minister Robert Habeck predicted late Wednesday