US inflation ticks higher but tariff impact remains muted
Since re-entering the White House in January, Trump has imposed new tariffs on imports from around the world, putting in place a 10% tariff on most items, while targeting goods from some countries and sectors with even higher duties.
Economists have warned that the new levies will raise costs for companies,
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Read MoreDoes Soaring AI Demand Mean You Should Buy Nuclear Energy Stocks?
Artificial intelligence (AI) is affecting sectors across the business world. Perhaps none more so than electric utilities, due to the high power needs of data centers that run AI.
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Read MoreFed Seen More Likely to Cut Rates in September
Odds of an interest-rate cut by September were on the rise Wednesday morning after the May CPI came in cooler than expected.
Traders now see a 68.8%% chance of at least a quarter-point cut through the Federal Reserve’s mid-September meeting, which is up from 61.7% on Thursday, according to the CME FedWatch Tool.
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Read MoreStock market today: Dow, S&P 500, Nasdaq futures rise as cool inflation data boosts markets, Fed rate cut hopes
Inflation didn’t pickup as much as Wall Street expected in May.
The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.4% over the prior year in May, an increase from April’s 2.4% and in line with economists’ forecast for 2.4%. But all other closely watched metrics from the release came in below expectations.
Read MoreEthereum Price Forecast: ETH Needs to Stay Above $2,300 to Maintain Bullish Outlook
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Read MoreThe Burst
Sentiment Extreme Warns Traders To Watch Out
Largely, trading falls into one of 3 buckets. Fundamental, technical or sentiment analysis. For the most part, we focus on valuations as part of fundamental analysis and charts as part of technical analysis but sentiment analysis has a time and place, and they appear to be right here, right now.
Tom McClellan, famous for creating the McClellan Oscillator pointed out a remarkable statistic that hasn’t surfaced in over 5 years.
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Read MoreThe Ivy
1 Billion Reasons To Buy Buffett’s #1 Stock
While Buffett’s massive cash pile of nearly $300 billion on the books at Berkshire Hathaway has been making waves, what few are paying attention to is how much he’s actually earning on that money every day, week or month.
It turns out Buffett is raking in just shy of a cool billion dollars each and every month just from interest earnings on his war chest.
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Read MoreThe Spotlight
