Is a stock-market rotation under way? Small-caps surge as Magnificent Seven gets taken to woodshed after cool CPI reading
For investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken...
Fed’s Musalem wants more proof inflation is slowing before backing interest-rate cuts
The first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank President Alberto Musalem...
How the ‘Trump trade’ is taking over the bond market
Wall Street’s most reliable recession gauge now also looks like a Nov. 5 election barometer. Source link
Costco shares have reversed lower after their membership-fee rally. That’s actually normal, analysts say.
When Costco Wholesale Corp. announced a membership-fee increase for its shoppers late Wednesday, investors who had been eager for such...
Delta CEO says Paris Olympics will cost it $100 million
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline...
The U.S. budget deficit is nearly $1.3 trillion so far this year. Here’s why it’s poised to get even bigger.
This year’s deficit is on track to top last year’s, according to recent projections from the CBO. Source link
As Costco charges more for membership, here’s how much it has gone up since Ronald Reagan was president
Costco membership fees are going up to $65 for its Gold Star plan, and $130 for its Executive plan, representing...
Home builders, flooring companies and pool maker stocks rally as CPI data boosts rate-cut hopes
The stocks of home builders were rallying across the board on Thursday, after government data showed consumer prices falling for...
Tech selloff may drive Magnificent Seven’s worst day since 2022 by this metric
Declines in Tesla, Nvidia and other large tech stocks could mean a $535 billion market-cap wipeout for the grouping. Source...
The CPI fell in June. Great! But the Fed wants confirmation from its favorite inflation gauge.
The first decline in consumer prices in four years is just an hors d’oeuvre for the Federal Reserve. Its appetite...
The Fed's worst nightmare is officially here:
Today's data confirms ALL 3 inflation metrics are back on the rise.
For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.
Did the Fed spark a new wave of inflation?
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