Stocks jumped after a cool PPI reading for July, setting the stage for consumer price inflation to show improvement when CPI is released Wednesday.
(Bloomberg) -- Stocks rallied and bond yields fell after the latest US inflation reading reinforced speculation the Federal Reserve will be able to deploy its widely anticipated interest-rate cut in September.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Call
The S&P 500 added 1.7% on Tuesday, Aug. 13, as data showing softer-than-expected gains in wholesale prices reinforced rate-cut expectations.
Here’s what could be next for bargain buyers.
Nvidia shares gained over 6% Tuesday as Goldman Sachs called it the "most important stock" of the year and suggested the chipmaker's earnings later in the month could herald a rally for the stock market.
(Bloomberg) -- Stocks and currencies in developing economies advanced Tuesday after the latest US data fueled wagers that the Federal Reserve will start lowering interest rates as early as next month. Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Ra
Investors are buckling up for more turbulence after last week’s global drama interrupted an unusually calm period.
The decision to liquidate trucking giant Pride Group could have ripple effects across the trucking industry, an industry observer says. The post Pride Group closing could affect freight rates, driver market appeared first on FreightWaves.
(Bloomberg) -- Starbucks Corp. investors have never rewarded the stock more than they have today on the news that the coffee chain giant hired Chipotle Mexican Grill Inc.’s Chief Executive Officer Brian Niccol as its new leader.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office S
