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Inflation slides in August, beating expectations

The Consumer Price Index (CPI) rose 0.2 percentage points in August, slowing to a 2.5 percent year-on-year increase from July's 2.9 percent increase. The rate of decline was less than expected as prices fell more than expected. The “core” CPI, which excludes volatile food and energy prices, was stable from July to August at 3.2% […]

Dollar General stock slides as earnings show soft consumer demand

Gerald Storch, CEO of Storch Advisors, responded to Target's decision to cut prices on 5,000 common products during an appearance on “Varney & Co.” Dollar General The stock plunged 27% on Thursday after the company reported second-quarter results that showed weakening consumer demand and lowered its full-year sales and profit forecasts. The company's operating profit […]

Bitcoin Slides Toward $60K as Altcoins Bleed Out (Weekend Watch) – CryptoPotato

The cryptocurrency market is down today due to relatively low trading volumes, with Bitcoin dropping towards $60,000 and most altcoins gradually dropping. Total capital fell to $2.37 trillion. Bitcoin price nears $60,000 Bitcoin prices are down 1.3% over the past 24 hours, bringing total losses this week to about 6%. At the time of writing, […]

Dow slides as interest-rate worries keep investors on edge

Stocks tumbled on Wednesday on concerns about a further rise in Treasury yields and the timing and size of a possible interest rate cut by the Federal Reserve. The Dow Jones Industrial Average fell 411.32 points, or 1.1%, to 38,441.54, its lowest level in about a month. The S&P 500 and Nasdaq lost 0.6%.Benchmark 10-year […]

6 confirmed dead after vehicle slides off ferry, plunges into Nile River

Six people were killed on Tuesday when a car carrying around 24 passengers fell off a ferry and into the Nile River near Cairo. The incident occurred in the town of Monshat el-Kanater in Giza province. Nine other passengers were injured, six were treated at the scene and three were taken to hospital. At least […]