The U.S. economy’s Consumer Price Index increased in August at an annualized rate of 2.9%, the Bureau of Labor Statistics reported Thursday.
The annual rate increased 0.2% from July, when it was 2.7%. The annual and monthly increases were in line with economist’s expectations, the agency also reported.
» Read more about: Consumer prices rose at annualized rate of 2.9% in August: federal government »
Shares of Synopsys, Inc. SNPS plummeted 35.8% after reporting third-quarter fiscal 2025 earnings of $3.39 per share, missing the Zacks Consensus Estimate of $3.84.
Shares of Apple Inc. AAPL slid 3.2%, falling for the fourth straight session.
Kinder Morgan,
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By STAN CHOE, Associated Press Business Writer
NEW YORK (AP) — Wall Street is ticking toward more records on Thursday following mixed U.S. data that likely keeps the path clear for the Federal Reserve to cut interest rates in order to boost the economy.
» Read more about: Wall Street rises toward more records on expectations for easier interest rates »
It seems that Nvidia’s success is too great for one of Wall Street’s biggest bears to ignore.
In an update to clients, DA Davidson raised its rating on Nvidia stock from “neutral” to “buy” and raised its price target from $195 to $210 a share.
That implies around 18% upside from current levels.
» Read more about: Nvidia has finally won over one of its biggest Wall Street bears »
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The trip could take place either before or after the Asia-Pacific Economic Cooperation summit in South Korea, which gets under way late next month.
The White House already imposed 30 per cent tariffs on imports of Chinese goods this year and is pressing its European allies to impose 100 per cent tariffs of their own on Chinese products,
The artificial intelligence (AI) boom is going strong, representing a huge growth opportunity for investors. Many players have already seen their share prices surge in the triple and quadruple digits,
» Read more about: Better Artificial Intelligence Stock: Nebius vs. Nvidia »
Oracle’s recent earnings report and highly optimistic forecast for its cloud infrastructure business have triggered a significant rally across the tech sector. The surge temporarily elevated co-founder Larry Ellison to the position of the world’s richest person. The software giant’s positive outlook,
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