Headline CPI inflation held at 3.0% year-on-year (y/y) in August, in line with market expectations. Prices at the pump provided some downward force on headline inflation as CPI ex-gasoline rose 2.4% y/y in August, up Read more…
Jensen Huang told investors on Sept. 10 that cybersecurity is likely to become AI’s next major growth market, according to a Seeking Alpha report on his comments at the Goldman Sachs Communacopia + Technology Conference. Read more…
Canada’s inflation rate held at 3.0% year on year in August, matching expectations and July’s reading. On a non-seasonally adjusted basis, CPI reversed from a 0.5% monthly increase to a 0.1% decline, undershooting expectations for Read more…
Cathie Wood, head of Ark Investment Management, often buys her favorite tech stocks when she sees a new opportunity. That’s what she did last week, pouring $27.9 million into Meta Platforms (META) as the company Read more…
A major consumer company is considering a move that could put several familiar household brands on the market. The move comes as the company reassesses parts of its portfolio and seeks to strengthen performance in Read more…
While it’s a giant player in the grocery space, Kroger lacks the buying power of bigger rivals Amazon and Walmart. You can add Costco to that list as well because its limited product selection magnifies Read more…
Fed hike bets increase after PPI and CPI reports Updated dot plot to be crucial for the dollar’s reaction. Warsh’s independence faces test amid Trump’s pressure for lower rates. For the dollar to extend gains, Read more…
EURUSD fell around 0.5% in early Monday trading, deflated by stronger dollar on growing expectations for Fed rate hike, as well as safe haven buying on the latest warning that pace of AI development must Read more…
Gold has broken below $4,300 even as oil surges and tech stocks selloff, because oil-driven inflation risk is feeding a sharply more hawkish Fed outlook that’s overpowering haven demand—and whether Dollar Index confirms that same Read more…
Most investors bury their mistakes in a footnote. Warren Buffett prints his in the shareholder letter, in plain English, with his name on it. For most of the past decade, the story around Berkshire Hathaway Read more…