TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be one of the innovations to lower inflation in the transportation sector in the longer term. Source: TuSimple As inflation continues to flirt with its 40-year high, we know what the Fed is doing to fight back: raise interest rates. But what can … Read more
CNBC’s Jim Cramer said on Wednesday that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market… fully saw peak inflation coming. I think you had to be intentionally stupid to miss this because commodity prices collapsed a while ago, but now it’s undeniable,” said the … Read more
Just go to the supermarket to feel the effects of inflation. While inflation generally began to decline last month along with gas prices, food costs rose 1.1% in July, bringing year-over-year gains to 10.9%, according to the latest figures from the United States. Consumer price index. The food-at-home index, a measure of supermarket price changes, … Read more
Check out some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock in the premarket plunged 32.3% after an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further US sales of its Covid-19 vaccine this year amid weak demand and oversupply. GoodRx (GDRX) – … Read more
LONDON – European markets were slightly lower on Tuesday as focus on global markets shifts to significant US inflationary pressures expected on Wednesday. The pan-European Stoxx 600 fell 0.3% in the mid-morning, with travel and leisure stocks losing 1.2% to take losses, while insurance stocks rose 0.5%. Investors are trying to gauge the potential pace … Read more
The S&P 500’s hot streak continues after a third straight week of gains and a 9.1% rise in July. Add to that a better-than-expected earnings season and some strong economic data, and the market may just be ready to move on after a dramatic first half. It is certainly a view shared by Morningstar’s US … Read more
CNBC’s Jim Cramer said Monday that the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows inflation does not abate. “The Fed is still in charge of this market. A week ago it looked like they were going to calm down, but after … Read more
According to market forecaster Jim Bianco, Washington’s efforts to curb inflation will fall especially short this year. And he believes this week’s key inflation data will help prove it. “I don’t see anything that will lower inflation. There are some things that could lower prescription drug prices and maybe a few other things,” the president … Read more
A trader works on the floor of the New York Stock Exchange (NYSE), New York, August 3, 2022. Andrew Kelly | Reuters Here are the key news items investors need to start their trading day: 1. Stocks look for momentum US stock markets were on track to open higher Monday morning after three consecutive winning … Read more
Check out some of the biggest movers in the premarket: Palantir (PLTR) – Shares of the data analytics company plunged 15.6% in premarket trading after it reported an unexpected quarterly loss, lowering its full-year forecast due to the uncertain timing of some government contracts. Signify Health (SGFY) – CVS Health (CVS) is planning a bid … Read more
