US inflation slowed in July, mainly reflecting drop in oil prices due to recent ceasefire in the Middle East, and signaling less pressure on the US central bank to raise interest rates in September. The Read more…
Markets The US July CPI inflation report printed bang in line with consensus today. Headline inflation rose by 0.1% M/M and 3.4% Y/Y (down from 3.5%). The BLS, responsible for the release, said that the Read more…
About 20 million barrels of petroleum liquids pass through the Strait of Hormuz every day. That is roughly 20% of global oil consumption moving through a waterway just 21 miles wide at its narrowest point. Read more…
Riot Platforms (RIOT) has built its company for years around one exceedingly volatile asset: Bitcoin. Artificial intelligence may be offering it a completely unique future. Riot has signed a deal with Anthropic, the company behind Read more…
The Consumer Price Index (CPI) rose by 0.1% month-on-month (m/m) in July – in line with expectations. On a twelve-month basis, CPI edged down to 3.4% (from 3.5% in June). Energy costs fell by 1.5% Read more…
Dollar weakened broadly after July CPI matched expectations, with headline inflation slowing from 3.5% to 3.4% y/y and core easing from 2.6% to 2.5%. September hold odds rose to around 58% from roughly 51% a Read more…
A once-fast-growing beverage brand is making a major retreat from the physical spaces that helped build its identity and exiting an entire part of its business. After years of expansion, the company is closing its Read more…
US inflation eased as expected in July, reinforcing case for Fed to stay on hold while it waits for clearer evidence on both prices and labor market. Headline CPI rose from -0.4% to 0.1% m/m, Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal One of the objects everyone uses Read more…
Key takeaways Sterling stays firm: GBP/USD remains in a short-term uptrend above 1.3479 after breaking above its medium-term descending trendline post-NFP. US CPI is the key catalyst: A hotter-than-expected core CPI could revive Fed-hike bets Read more…