Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%.
Category: Finance News
Pickleball is just getting started in China
Online sales of pickleball paddles and related equipment in China have skyrocketed, according to data from WPIC Marketing + Technologies.
Trump keeps threatening to punish Putin. Here’s what’s holding him back
U.S. President Donald Trump says he’ll punish Russia if Moscow doesn’t agree to peace talks with Ukraine. Yet, he hasn’t pushed the button, so far.
China’s Xi urges AI cooperation, rejects ‘Cold War mentality’ at SCO summit
It is unclear if the SCO summit will pave the way for any breakthroughs in easing tensions, though Beijing has sought to cast itself as a global peacemaker.
Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states
A push to tax the real estate of the wealthy has sparked a backlash among brokers and potential buyers, who say the taxes punish the most important local spenders.
Here’s how the U.S. Open’s signature Honey Deuce cocktail price stacks up against inflation
CNBC compared the Honey Deuce’s price growth since 2015 against the CPI basket.
This Chinese property stock is defying the slump and poised to soar, Barclays predicts
One Chinese property company is not only defying the market slump but also returning money to shareholders.
‘We shouldn’t ignore this:’ Longtime investor Rebecca Patterson warns Trump could damage Fed independence
Politicizing the Fed could have long-term economic consequences, according to former Bridgewater Associates chief investment strategist Rebecca Patterson.
Here’s what it really means for Trump to get control of the Federal Reserve board
Since taking office in January, Trump has placed the Fed directly in the crosshairs of executive power.
Stocks making the biggest moves midday: Petco Health, Celsius, Affirm, Caterpillar & more
These are the stocks posting the largest moves midday.