Fitch also gave some predictions on Asian central banks, such as the People’s Bank of China and the Bank of Japan
China’s plan to boost consumption by encouraging trade-ins has yet to show results
Several major cities and provinces have only in the last few weeks announced details on how the trade-in program would work for residents.
Stocks making the biggest moves after hours: Adobe, RH, Oracle and more
These are the stocks posting the largest moves in extended trading.
Interest payments on the national debt top $1 trillion as deficit swells
The August shortfall popped by $380 billion, a dramatic reversal from the $89 billion surplus for the same month a year prior.
Stocks making the biggest moves midday: Kroger, Petco, Moderna, Roku and more
These are the stocks posting the largest moves in midday trading.
Here’s the deflation breakdown for August 2024 — in one chart
Consumer prices are falling in pockets of the U.S. economy, in categories like cars, household furniture and certain groceries.
Wholesale prices rose 0.2% in August, in line with expectations
The producer price index was expected to increase 0.2% in August, according to the Dow Jones consensus forecast.
Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
The 73-year-old vice chairman of insurance operations sold 200 Berkshire Class A shares on Monday for roughly $139 million.
U.S. Latino economic output grows to $3.6 trillion, new report finds
The Latino Donor Collaborative released its updated report on U.S. Latino economic growth and purchasing power for 2022.
Stocks making the biggest moves premarket: Moderna, Alaska Air, Oxford Industries and more
These are the stocks posting the largest moves in early trading.