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Preferred Inflation Measure of Federal Reserve, PCE Higher in July
The Personal Consumption Expenditures (PCE) Index, the preferred inflation measure of the Federal Reserve, saw a slight increase in July, reversing some of the steep...
BOE Economist Favors Sustained Rates to Tackle Inflation
Huw Pill, the chief economist of the Bank of England (BOE), recently addressed an audience in Cape Town, South Africa, shedding light on the potential...
Investors Await Inflation Report Impact on Markets
In the lead-up to Thursday’s opening bell, stock markets presented a mixed picture as investors adopted a cautious stance in anticipation of a pivotal inflation...
US Stocks Extend Gains Despite Revised Economic Growth Data
Revised economic growth data revealing a slower expansion of the US economy in Q2 than initially projected did not impede the stock market’s bullish momentum,...
Nvidia Stock Hits Record Highs as Analyst Sees Undervaluation
Experiencing a surge to record highs, Nvidia (NVDA) stock has recently achieved unprecedented altitudes, although a prominent analyst asserts that its present valuation still belies...
US Market Venture of VinFast: Valuation Spikes and Dips
VinFast (VFS), an electric vehicle (EV) manufacturer, is likely unfamiliar to most Americans. Nonetheless, Vinfast has garnered considerable attention due to its surging valuation and...
Grayscale CEO Sonnenshein Sees Crypto Shift Post Legal Win
In a landmark legal development, Grayscale Investments CEO Michael Sonnenshein has declared a potential turning point for the cryptocurrency sphere. Following what he hailed as...
Medicare Price News Spurs Indifferent Investor Response
The historic revelation made by the Biden Administration on Tuesday, disclosing the first batch of 10 drugs slated for Medicare price negotiations next year under...
Bosch Expands US Footprint with TSI Semiconductors Acquisition
In a strategic move aimed at fortifying its presence in the burgeoning US semiconductor market, Germany’s Bosch Group unveiled its acquisition of California-based chip manufacturer...
Hurricane Idalia Hits Florida Coast, Millions Evacuate, Stocks React
Millions of Florida residents were forced to evacuate and seek refuge in higher ground on Wednesday as Hurricane Idalia, a menacing Category 3 storm, made...
