Category: Latest News
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U.S. Producer Prices Unexpectedly Unchanged
With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September. The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after ending the previous session modestly lower. The futures remained little changed after the Labor Department released a report showing producer prices in the U.S. were unexpectedly unchanged in September. The…
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U.S. Index Futures Dip Ahead of Bank Earnings and Inflation Report
U.S. index futures slightly declined in pre-market trading on Friday, as investors await today’s quarterly results from major banks like JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC), and wholesale inflation data that could influence the likelihood of a rate cut. Market sentiment is cautious ahead of an uncertain weekend. China is expected to announce new…
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BP Signals Rising Net Debt; Tesla Slumps; Stellantis CEO Announces Retirement; Berkshire Trims BofA Stake, and More
BP Plc (NYSE:BP) – BP expects a net debt increase in Q3 due to lower refining margins and changes in asset sale timing. The company faces reduced earnings of up to $600 million, signaling a weaker outlook for the oil industry amid concerns about China’s demand. Shares fell 1.0% pre-market. Tesla (NASDAQ:TSLA) – Elon Musk…
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U.S. Stocks See Modest Weakness Following Inflation Data
After turning in a strong performance in the previous session, stocks saw modest weakness during trading on Thursday. The major averages all gave back ground, with the Dow and the S&P 500 pulling back off yesterday’s record closing highs. The major averages moved to the upside going into the close of trading but remained in…
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U.S. Consumer Prices Up More Than Expected
Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increase seen in August. Economists had expected consumer prices to inch up…
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Inflation Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground following the strong upward move seen in the previous session. The futures slid following the release of a highly anticipated Labor Department report showing consumer prices in the U.S. increased by slightly more than…
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U.S. Futures Fall Slightly as Investors Await CPI Data; Oil Prices Rise
U.S. index futures dipped slightly in premarket trading on Thursday, following gains in the previous session, as investors await September’s CPI data, which could influence Federal Reserve policy. Consumer price data is expected to show moderate inflation, hinting at smaller rate cuts. At 5:57 AM, Dow Jones futures (DOWI:DJI) were down 42 points, or 0.10%.…
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Tesla’s Robotaxi Day; GSK Settles 93% of Zantac Lawsuits; 10x Genomics Stock Drops on Revenue Forecast
Tesla (NASDAQ:TSLA) – Tesla’s sales in China increased by 19.2% in September, totaling over 72,000 electric vehicles sold, its best performance of the year. Deliveries of locally produced Model 3 and Model Y rose by 1.9% from the previous month. In Q3, Tesla recorded a 12% growth in sales of Chinese-made electric vehicles. BYD also…
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U.S. Stocks Close On Firm Note; Dow, S&P Post New Record Highs
U.S. stocks started off on a somewhat flat note on Wednesday, but gained in strength as the day progressed, as investors assessed the minutes of the Federal Reserve’s most recent policy meeting, and looked ahead to the nation’s consumer price and producer price inflation data for more clarity on interest-rate trajectory. The major averages all…