Markets
The Fed’s favorite inflation indicator increased 0.2% in July, as expected
Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years. The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same […]
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Stocks making the biggest moves premarket: CrowdStrike, Alibaba, Intel, Ulta Beauty and more
Check out the companies making headlines in premarket trading. CrowdStrike — Shares of the cloud security platform ticked up about 2% following an upgrade to buy from HSBC. Analyst Stephen Bersey asserted that “the bad news is behind us” on CrowdStrike stock regarding the mid-July outage tied to a software update. Lululemon — The athleisure […]
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Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Gary Hershorn | Corbis News | Getty Images Airlines that spent years clamoring for new jets are changing their tune. Cash-strapped, low-cost and deep discounter airlines are putting off […]
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Euro zone inflation falls to 3-year low of 2.2%, backing September rate cut case
A woman takes a selfie photo, with the Eiffel Tower in the background, at Surcouf street in Paris, on July 23, 2024, ahead of the Paris 2024 Olympic Games. Mauro Pimentel | Afp | Getty Images Euro zone inflation dropped to a three-year low of 2.2% in August, flash figures from statistics agency Eurostat showed […]
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Europe markets rise ahead of key inflation data
People cross a street in front the headquarters building of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on June 5, 2024. Kirill Kudryavtsev | Afp | Getty Images LONDON — European markets were higher on Friday, the last trading day of August, as investors looked to key inflation data from across […]
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These Asian firms in Buffett’s Berkshire Hathaway portfolio have surged, with one soaring 30%
Warren Buffett, Berkshire Hathaway CEO and chairman. Cnbc | Nbcuniversal | Getty Images Shares of the five trading firms in Warren Buffett-backed Berkshire Hathaway‘s portfolio — Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co, and Sumitomo Corp — have surged, with one rising as much 30% in 2024. These five names are also the […]
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Asia markets climb as U.S. jobless and GDP numbers calm recessionary fears; investors assess Japan data
People walk through Shibuya on June 23, 2020 in Tokyo, Japan. Carl Court | Getty Images Asia-Pacific markets climbed Friday after economic data from the U.S. calmed recessionary fears, while investors also assessed a slew of data from Japan. Initial jobless claims in the U.S. fell to 231,000 from the prior week’s 232,000, but were […]
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Stock futures are slightly higher as traders brace for key inflation report: Live updates
A trader works on the floor of the New York Stock Exchange in New York, US, on Friday, Aug. 23, 2024. Bloomberg | Bloomberg | Getty Images Stock futures ticked higher Thursday night as investors prepared for a crucial inflation reading that’s closely watched by the Federal Reserve. Futures tied to the Dow Jones Industrial […]
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Stocks making the biggest moves after hours: Ulta Beauty, Dell, Lululemon, MongoDB and more
Check out the companies making headlines in after-hours trading. Ulta Beauty — The beauty products retailer saw its shares fall nearly 7% after missing top and bottom line expectations in the second quarter . Ulta’s earnings came out at $5.30 per share, while analysts polled by LSEG expected $5.46 per share. Revenue was of $2.55 […]
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Data center capacity in the Asia-Pacific region could double in about six years, BofA says — Stocks to play it
The Asia-Pacific region is set to see strong data center demand over the next few years, which is a boon for artificial data center operators and hyperscalers’ expansion in that part of the world, Bank of America found. APAC data center capacity is set to double in five to six years at a compound annual […]
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