Rather than fuel, it was food, shelter and medical services that drove costs higher in August, slapping a costly tax on those least able to afford it.
Inflation is still rising, but it’s less likely to hurt some retirees — here’s why
Annual inflation grew by 8.3% in August, but retirees won’t feel the sting of most higher costs, experts say.
From inflation to war, here are the 4 big factors impacting markets and the economy right now
Advisors at the Future Proof wealth conference in California this week offered their takes on four factors influencing the economy and markets of late.
Inflation rose 0.1% in August even with sharp drop in gas prices
The consumer price index for August was expected to decrease 0.1% from the previous month and increase 8% from a year ago, according to Dow Jones.
Stocks making the biggest moves premarket: Rent the Runway, Oracle, Wolfspeed and more
These are the stocks posting the largest moves in premarket trading.
The Fed is going to pivot in 3 stages, author Nomi Prins says
The U.S. Federal Reserve could be forced to pivot away from its path of aggressive interest rate hikes in three stages, according to author Nomi Prins.
China’s tourism revenue came in at 60% of pre-Covid levels this holiday weekend
National tourism revenue for the latest long-weekend holiday reached only 60.6% of 2019 levels, according to China’ Ministry of Culture and Tourism.
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts
Credit Suisse expects the Federal Reserve to pause interest rate hikes in four to six months due to tumbling inflation.
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
The bank is reinstating a tradition of annual employee culls targeting between 1% and 5% of lower performers in positions across the firm.
Stocks making the biggest moves midday: Bristol-Myers Squibb, Twitter, Gilead Sciences and more
These are the stocks posting the largest moves midday.