Stock market today: Wall Street holds firm after inflation data clears the path for cuts to rates – Yahoo Finance
NEW YORK (AP) — Wall Street was relatively stable on Wednesday. Inflation update That was roughly in line with economists’ expectations. The S&P 500 was up 0.3% in midday trading. One of the best days of the yearThe Dow Jones Industrial Average was up 184 points, or 0.5%, as of 11:35 a.m. Eastern time, while […]
Stocks Rise Ahead of US CPI Data; Pound Weakens: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures were in a tight range ahead of the release of a consumer price index that could decide whether the Federal Reserve should start cutting interest rates next month. Most read articles on Bloomberg Europe’s Stoxx 600 index rose 0.4%, lifted after UBS Group AG reported better-than-expected second-quarter profit. Mining shares […]
Gold Price Forecast: XAU/USD holds above $2,450 ahead of US CPI data – FXStreet
Gold prices were slightly higher around $2,465 in early Asian trading on Wednesday. Rising tensions in the Middle East have boosted demand for gold as a safe-haven asset, benefiting it. Attention on Wednesday will be on the release of the US Consumer Price Index for July. Gold prices (XAU/USD) were up slightly around $2,465 in […]
Texas sues General Motors for allegedly selling drivers' data
The state of Texas filed a lawsuit against General Motors on Tuesday, alleging that the company illegally collected and sold driver data. Announced by Texas Attorney General Ken Paxton (R) Legal action Next Tuesday investigation Restrictions were imposed on several automakers in June after allegations emerged that they had been collecting driver data. Paxton said […]
Stock futures rise as investors await key inflation data: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on August 8, 2024. Spencer Pratt | Getty Images U.S. stock futures were mixed early Tuesday as investors awaited this week’s key inflation readings and weighed fresh profits. S&P 500 futures and Nasdaq 100 futures rose 0.4% and 0.5%, […]
Futures rise as PPI set to kick off data deluge By Reuters – Investing.com
(Reuters) – Futures for Wall Street’s main stock indexes rose on Tuesday ahead of the release of a producer price index that is expected to give some clues about the Federal Reserve’s progress in tackling inflation and the direction of interest rates. After a tumultuous week that included mixed economic data and a Bank of […]
There’s Something Very Strange in the Fed’s Consumer Data
Trump expectations rise, inflation expectations fall In a presidential election year, many economic surveys cannot escape the significance of expectations for the presidential election results. Federal Reserve Bank of New York Monthly survey of consumer expectations Showed Surprising fall in inflation expectations The median inflation expectation for the three-year future fell 0.6 percentage points to […]
Dollar tenses for data verdict on rate cut risks – Yahoo Finance
By Wayne Cole SYDNEY (Reuters) – The dollar was volatile on Tuesday as investors waited to see how U.S. economic data might affect the chances of a bigger interest rate cut, while gains in Japanese shares helped stem losses in the yen carry trade. The dollar briefly hit a one-week high of 148.23 yen overnight […]
Stocks Edge Higher in Run-Up to US Inflation Data: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks struggled to rise as traders awaited a key inflation reading that will help shape prospects for the Federal Reserve’s next steps. Most read articles on Bloomberg Stocks edged lower after rebounding from Monday’s market sell-off that rocked trading around the world. The Consumer Price Index appears to have edged up in July, […]
U.S. stock futures edge higher in lead up to data deluge By Reuters – Investing.com
By Shubham Batra and Shashwat Chauhan (Reuters) – U.S. stock index futures edged higher on Monday as investors focused on the U.S. consumer price index ahead of a data-packed week that could provide strong indications of Federal Reserve interest rate moves in September. Markets closed amid heightened volatility last week, starting with investors unwinding currency […]