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The latest inflation data can be a bit misleading to the untrained eye. “Don’t be fooled by this uptick,” said Julia Pollack, chief economist at ZipRecruiter. “Inflation is slowing, and doing so across a broader range of goods and services.” Core inflation rose from 3% in June to 3.2% last month, according to the Bureau…
The Dow Jones Industrial Average closed near session lows after giving up ground early Walt Disney (dis) jumped after his report. Noted fund manager Cathy Wood campaigned Roblox (RBLX) despite the huge drop. China stock Ali Baba (Baba) vault after earnings. X Meanwhile, a couple of stocks tried to break out amid the buoyant early…
Stocks rose on Thursday as newly released data It showed that the inflation rate rose year-on-year for the first time in more than a year, but the trends of de-inflation remained positive. At the close, the Dow Jones Industrial Average (^DJI) was up around 0.2%. The S&P 500 (^GSPC) was nearly flat, while the technology-heavy…
Stocks rose on Thursday as newly released data It showed that the inflation rate rose year-on-year for the first time in more than a year, but the trends of de-inflation remained positive. At midday, the Dow Jones Industrial Average (^DJI) was up around 0.2%. The S&P 500 (^GSPC) was nearly flat, while the technology-heavy Nasdaq…
UPS drivers will earn an average of $170,000 in wages and benefits at the end of a five-year contract for their union I negotiated with the carrier last month to Avoid the hitUPS CEO Carol Twomey said during an earnings call this week. The deal, reached on July 25, will increase full-time workers’ compensation to…