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U.S. wholesale prices surged 0.4% in August, driven by higher energy costs, pushing the annual PPI rate to 5.4%. Core PPI also climbed 0.3%, keeping inflation elevated ahead of Friday's CPI report an…
IREN fell 6% after reporting a massive $639M writedown on old mining rigs, overshadowing significant AI cloud growth and contracted ARR reaching $4B. While this is a company-specific transition cost,…
July U.S. PCE inflation rose 0.2%, topping economists' 0.1% expectations with annual inflation holding at 3.7%. Persistent price pressures above the Federal Reserve's 2% target increase the likelihoo…
The U.S. labor market unexpectedly shed 23,000 jobs in July, missing forecasts of a 95,000 gain. This significant miss signals potential economic weakness, putting downward pressure on the USD and up…
The Fed held rates steady but saw a historic three-way hawkish dissent, its first since 2016, rattling investor confidence and sending major indices lower amid rising policy uncertainty.
Technology stocks in the S&P 500 are experiencing their weakest post-earnings performance since 2019, as investors scrutinize AI spending and future guidance despite headline earnings beats.
Microsoft's stock plunged nearly 12% despite strong quarterly profits, as investors worry about high investment costs and slowing Azure growth, causing the largest S&P 500 drag and its worst day sinc…