Economists polled by Reuters expected the headline rate to come in at 2.5%.
Manhattan is now a ‘buyer’s market’ as real estate prices fall and inventory rises
The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel.
Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit
Revolut’s CEO Nikolay Storonsky said he is optimistic about the fintech firm’s chances of being granted a U.K. banking license.
Citadel’s Ken Griffin says he’s not convinced that AI will replace human jobs in the near future
Griffin, whose firm has been at the forefront of automation, said machine-learning tools have their limits when it comes to adapting to changes.
A new index is using AI tools to measure U.S. economic growth in a broader way
The Zeta Economic Index, launched Monday, uses generative artificial intelligence to analyze what its developers call “trillions of behavioral signals.”
Stocks making the biggest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and more
These are the stocks posting the largest moves in midday trading.
Branding Chewy a meme stock is bad for the pet retailer, according to Wall Street analysts
Analysts said elevated volatility and potential meme status could hurt the retailer.
Is the U.S. stock market too ‘concentrated’? Here’s what to know
Just a handful of large U.S. companies account for a third of the S&P 500 stock index. Some experts fear investors are at risk.
Stocks making the biggest moves premarket: Chewy, Birkenstock, GameStop and more
These are the stocks posting the largest moves in premarket trading.
Chewy shares rally 20% after SEC filing reveals ‘Roaring Kitty’ Keith Gill has 6.6% stake
The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.