Business

Amazon Prime Day sales rise as deep discounts tempt inflation-hit shoppers

Wednesday, July 12 by SRN News

By Ananya Mariam Rajesh and Granth Vanaik (Reuters) -Amazon.com’s Prime Day shopping event saw U.S. online sales rise nearly 6% to $6.4 billion from a year ago on its first day, as heavy discounts lured bargain-hunting customers who splurged on appliances and toys, Adobe Analytics... Read More.

Wall St opens higher as inflation cools in June

Wednesday, July 12 by SRN News

(Reuters) – Wall Street’s main indexes opened higher on Wednesday after data showed inflation cooled further in June, lifting investor hopes that the Federal Reserve is nearing the end of its monetary tightening cycle. The Dow Jones Industrial Average rose 133.86... Read More.

Fed’s Kashkari: Inflation fight must be won, new stress tests could help

Wednesday, July 12 by SRN News

(Reuters) – U.S. financial regulators should take steps to ensure banks can withstand further interest-rate hikes should the Federal Reserve need to deliver them to fight entrenched inflation, Minneapolis Fed President Neel Kashkari said on Wednesday. The failure of several... Read More.

Brazil’s JBS reboots plans to list shares in New York, shares jump 7%

Wednesday, July 12 by SRN News

By Ana Mano and Roberto Samora SAO PAULO (Reuters) -JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more... Read More.

Wall St cheers cool CPI with stock surge, dollar and yield decline

Wednesday, July 12 by SRN News

By Lawrence Delevingne and Marc Jones (Reuters) – Wall Street stocks surged on Wednesday and the dollar and Treasury yields fell after new inflation data showed a slowdown in the seemingly relentless rise of U.S. consumer prices. The Consumer Price Index (CPI)... Read More.

Global public debt hits record $92 trillion – UN report

Wednesday, July 12 by SRN News

By Jorgelina do Rosario LONDON (Reuters) – Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations... Read More.

US consumer prices rise modestly in June; core inflation slowing

Wednesday, July 12 by SRN News

WASHINGTON (Reuters) – U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest... Read More.

US airline stock valuations stuck on runway despite travel boom

Wednesday, July 12 by SRN News

By Rajesh Kumar Singh CHICAGO (Reuters) – Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings. However, their shares have not shown the same trajectory as questions linger about the sustainability of consumer spending. Airline shares have... Read More.

Dollar falls after U.S. inflation slows

Wednesday, July 12 by SRN News

NEW YORK (Reuters) – The dollar sank to a new two-month low on Wednesday after data showed the rise in U.S. consumer prices eased in June, suggesting that the Federal Reserve may just have to raise interest rates just one... Read More.

Traders bet slowing inflation will let Fed pause after July hike

Wednesday, July 12 by SRN News

(Reuters) – Inflation is slowing fast enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at its meeting in two weeks time, traders bet on Wednesday.... Read More.

Current Weather

Amazon Prime Day sales rise as deep discounts tempt inflation-hit shoppers

Wall St opens higher as inflation cools in June

Fed’s Kashkari: Inflation fight must be won, new stress tests could help

Wall St cheers cool CPI with stock surge, dollar and yield decline

Global public debt hits record $92 trillion – UN report

US consumer prices rise modestly in June; core inflation slowing

US airline stock valuations stuck on runway despite travel boom

Dollar falls after U.S. inflation slows

Traders bet slowing inflation will let Fed pause after July hike

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