The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
Stocks making the biggest moves premarket: CoreWeave, Super Micro Computer, Nebius & more
These are the stocks posting the largest moves premarket.
AI’s costly buildout complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed’s job.
New York City Council announces probe into prediction market platforms’ marketing strategies
In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.
EVs dominate China’s car market: 5 takeaways from the country’s latest auto sales data
The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla’s Model Y remained popular.
Stocks making the biggest moves after hours: Super Micro Computer, CoreWeave, H&R Block and more
These are the stocks posting the largest moves in extended trading.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?
Is betting on elections using prediction markets illegal? Many states are unsure as midterms approach
Twenty-three states have laws banning betting on elections, according to Pew Research. Not every state is sure these rules apply to prediction market trades.
An inflation report Wednesday should be a big deal for the Fed. Here’s what to expect
The consumer price index is expected to show only a modest increase for July.
AI computing power is becoming a tradable asset class as CME launches futures contracts
The exchange is partnering with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review.