SELECT LANGUAGE BELOW

Gold prices steady above $2,400 as soft CPI data fuels rate cut bets – Investing.com

Investing.com — Gold prices were slightly lower in Asian markets on Friday but were still up sharply from the previous day’s trading after weaker-than-expected U.S. inflation data strengthened expectations of a rate cut in September. Gold prices benefited from a sharp drop in the dollar on Thursday, breaking through the closely watched $2,400 an ounce […]

Asian stocks sink as tech profit-taking overshadows rate cut cheer – Investing.com

Investing.com — Most Asian stocks fell on Friday, with tech-heavy indexes dropping sharply as profit-taking hurt technology shares despite a weak U.S. inflation reading that boosted optimism for interest rate cuts. Regional stocks largely tracked Wall Street’s overnight decline, falling nearly 2 percent as profit-taking hit big technology stocks, especially chipmakers and artificial intelligence stocks. […]

A September Rate Cut Would Trigger Political Vengeance

When inflation falls, markets soar As someone once said, if the Fed has a reactive function, The market has an overreaction function. Evidence of this was apparent on Thursday when the Bureau of Labor Statistics released its June Consumer Price Index (CPI), which showed it had fallen for the first time since May 2020. Consumer […]

PepsiCo revenue disappoints as inflation-battered customers cut back

PepsiCo Inc.’s second-quarter profit soared but sales fell short of Wall Street expectations as cash-strapped customers cut spending on snacks amid rising inflation. The junk-food conglomerate, which owns brands including Pepsi, Frito-Lay, Quaker and Gatorade, also lowered its forecast for fiscal 2024, predicting organic revenue growth of 4%. While that figure technically meets PepsiCo’s original […]

Jamal Adams signs with Titans after being cut by Seahawks

Jamal Adams has agreed to a one-year deal with the Titans to return to the NFL, according to ESPN.com. The former Jets All-Pro safety has struggled with injuries in recent years, but if healthy he has a chance to start for a rebuilding Titans team. Adams tore his quadriceps in Week 1 of the Seahawks’ […]

CNN Says It Will Cut 100 More Jobs To Better Focus On Its Digital Service

The exterior of Cable News Network’s (CNN) world headquarters in Atlanta, Georgia, November 17, 2022. (Photo by Brandon Bell/Getty Images) James Myers of OANWednesday, July 10, 2024 1:42 PM CNN The company plans to cut an estimated 100 jobs as part of a new shift to restructure its operations and strengthen its digital media presence, […]

Dyson to Cut 1,000 UK Jobs as Part of Global Workforce Review

Home appliances maker Dyson will cut around 1,000 jobs in the UK as part of a global workforce review, reducing its UK workforce by more than a quarter. The bold move comes less than a week after the left-wing Labour Party won the general election and appointed Chancellor Sir Keir Starmer as its leader. The […]