The producer price index rose 0.3% for the month, slightly higher than expectations.
Category: Finance News
Stocks making the biggest moves premarket: Six Flags, UBS, IonQ, Archer Aviation and more
These are the stocks posting the largest moves in premarket trading.
Investors are ‘overconfident’ about the impact of A.I., strategist says
Market participants are “overconfident” about their ability to predict the long-term effects of AI on company performance, according to Morningstar’s Mike Coop.
Chinese tech giant Huawei reports tepid consumer revenue growth for the first half of 2023
Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.
UBS ends Credit Suisse dependence on Swiss central bank loan
UBS’ takeover of Credit Suisse was brokered in March, amid talks with the Swiss government, the Swiss National Bank and regulator FINMA.
What Biden’s executive order means for U.S. investors in China
The Biden administration’s long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented.
$1,850 a day? What it costs to visit the 10 most expensive vacation destinations in the world
The Caribbean island of St. Barts is the world’s most expensive place to visit, according to a ranking of average travel costs in 100 popular vacation spots.
Options Action: Bearish options bets on Ralph Lauren
Mike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to talk Ralph Lauren.
Disney shares rise on plans to hike streaming service prices. How the pros are playing it
Pros on CNBC discussed Disney after the company’s fiscal third-quarter earnings call laid out plans to hike prices on their streaming platforms.
Here are ways to adjust your portfolio as some experts predict a soft landing for the economy
Some experts are now expecting a soft landing for the economy rather than a mild recession. Here’s how advisors are adjusting portfolios.