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Inflation Eased More Than Expected in June, to 3%
Heading into Thursday, there have been strong signs that the economy has cooled—not enough to stir major fears of a recession but sufficient to spur a change of tone from Federal Reserve officials,
Fewer Americans apply for jobless claims last week as labor market remains sturdy
Fewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates. The Labor Department reported Thursday that jobless claims for the week
Inflation unexpectedly falls to 3% in June
The Labor Department on Thursday released the closely watched June consumer price index report, revealing just how hot inflation was running last month.
The inflation report is great news for the prospect of a rate cut
Cooler June inflation is a win for the Fed, which has been looking for concrete signs that price pressures are easing before it begins cutting rates.
Inflation cooled off more than expected in June
The expected increase noted on Investing.com was 3.1%. Inflation had been cooling for the previous few months; the CPI rose 3.3% for the 12 months ending May, down from the 3.4% increase in April and
Delta Stock Tumbles. Guidance Disappoints.
Delta shares tumbled in premarket trading on Thursday after its earnings guidance fell well short of Wall Street's expectations.
Costco to hike membership fees for first time in 7 years
Those looking to get a Costco membership might want to do so before Sept. 1, when the company plans to raise the price for both gold and executive options.
Nvidia Stock Set to Fall Short of Record Close. Here’s What’s Driving the Move.
Funds that have avoided or underweighted Nvidia and other AI-related stocks have lagged behind, including those managed by ARK Investment Management head Cathie Wood.
PepsiCo Reports Mixed Results as Consumers 'Become More Value-Conscious'
Key Takeaways PepsiCo reported second-quarter results that beat analysts' profit expectations but missed on revenue.The company also lowered its full-year organic growth outlook.Management said
PepsiCo second quarter profits jump, but demand continues to slip with prices higher
PepsiCo reported higher-than-expected earnings in the second quarter even as customer demand for its snacks and drinks continued to slip. The Purchase, New York-based company said its net income rose
The latest trick companies could be using to pay workers less
Fewer job postings are including experience and education requirements. It could be helping some companies pay their workers less.
Delta Profits Miss Estimates, Hitting Airline Stocks
Key Takeaways Delta Air Lines shares slid 8% soon after markets opened Thursday after the airline's second-quarter profit fell well short of estimates.Delta forecast lower-than-expected adjusted
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