Following yesterday's upside surprise in the PPI, it was only logical that CPI would come higher than expected. However, printing at a 0.7% swing M/M, or the highest in years, was not expected. Broad CPI came at 0.5% in July after dropping -0.2% in June, or 3.6% Y/Y. This was far more than consensus which expected 0.2%. Core CPI however was in line with expectations at 0.2%. The reason for the surge? Gas, food and clothes. "The gasoline index rebounded from previous declines and
We learn the Empire State Manufacturing survey for June.
Stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.
Following September's strongest Core CPI gain since June 2014, October accelerated that modestly with CPI ex food and energy rising 1.9% YoY. Broad CPI rose 0.2% YoY (slightly better than the 0.1% expected rise) - the highest sicne December. Month-over-month saw new and used vehicle prices drop, Apparel prices drop 0.8% (most since Dec 2014), PCs drop 0.9%, but was notably offset by the bigger-weighting in Medical Care which rose 0.7% MoM (3.0% YoY) and Shelter rose 3.2% YoY.
Stocks on the move: Auxilium, CME, PDL, RadioShack, SunPower
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Indian markets rose marginally on Thursday in thin trading, helped by a recovery from previous session in IT stocks such as Tech Mahindra Ltd and HCL Technologies Ltd, while some stability in broader Asia also boosted the sentiment.
Investors resumed their buying spree on Wall Street Tuesday, driving stocks higher after a bid for media company Dow Jones & Co. revived enthusiasm about takeover activity.
Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.
Markets Right Now: Stocks drop, led by technology companies
NEW YORK (AP) — The latest on developments in financial markets (all times local): <meta id=
* S&P 500 enjoys longest winning streak since January 2011* Office Depot, OfficeMax in merger talks - source* Health insurer shares fall on p
Stocks mostly fell on Monday, weighed by profit taking after a two-month climb and news of several banks' share offerings that cooled interest in the financial sector.
The Empire State Manufacturing index showed continued strength this morning as the positive trend...
Nasdaq Biotechnology index has climbed 11 percent in July, on pace for its biggest monthly percentage gain in three years.
Tech stocks drive market rally
U.S. stocks slipped on Tuesday as a surprise drop in a gauge of consumer confidence offset signs of stabilization in housing and Walgreen Co's stronger-than-expected profit.
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NEW YORK - Stocks dipped in choppy trading on Wednesday as data pointing to yet more weakness in housing suggested the recession is worsening, offsetting a search for bargains following Tuesday's big market slide. Data showed U.S. housing starts and building permits dropped to record lows in January, with construction plans scrapped as unsold houses stood empty. Drags included shares of financ...
U.S. stocks fell on Thursday, extending earlier losses after a reading on Midwest business growth was revised downward, though it remained in expansionary territory.
Residents of these metros enjoy vigorous sex lives--at least their condom and contraceptive purchases at grocery and drug stores indicate as much.
Stocks fell sharply on Friday after the May payrolls report showed private hiring was much lower than expected, raising fears about the strength of the economic recovery.
In April, 78% of those in households experiencing job loss felt that that situation would be temporarily. But now, 47% think that job loss is likely to be permanent...
Check out the latest news on Apple and more major companies with the Entrepreneur Index™.
The S&P 500 met tough resistance on Monday, failing to break a level that has held since mid-February even as a spate of deals and underlying strength in the economy spurred optimism.
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S&P 500 at an inflection point, with potential for a bullish breakout or a bearish move towards filling multiple gaps. Read more to see my thoughts.
With the major averages at new all-time highs, Tom Aspray still likes the potential of three health care ETFs. He explains why he likes these three and proposes a strategy for getting invested in these ETFs.
Leaders who try to work against their employees' natural abilities miss out on their highest potential. Use these three tips to help unleash their power.
Looking for stocks with attractive valuations in a sector that has been outperforming the broad U.S. market
The artist: The Brooklyn-by-way-of-Missouri band White Rabbits has had a quick evolution since its 2007 debut, Fort Nightly, which married rollicking ragtime indie-rock with a dark-calypso-by-way-of-Danny-Elfman vibe. Hiring Spoon’s Britt Daniel to produce 2009’s It’s Frightening proved to be the band’s most important…
Stay up to date on the latest business news, stock market data and financial trends. Get personal finance advice from leading experts.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
BSE Sensex closed at a record high as investors switched to stocks focussed on domestic sector.
KARACHI: Pakistan Stock Exchange Friday witnessed a rangebound session as the investors remained cautious and ...
* Shanghai shares add 0.3%, blue-chips up 0.1%
Our big picture view is that the US dollar is carving out an important bottom, after selling off ...
Australian Medical Association says extension of pause on rebate indexation will take $925m out of patients’ pockets
The Dow Jones rose 275 points, the S&P 500 rose 0.6%, and the Nasdaq rose 0.7% despite rising bond yields. Make the most of this market with today's Top Buys.
Just this week, China's securities regulator, warned companies against raising large sums of capital through the issue of new shares. The warnings reflect the alarm felt by Chinese authorities over the sagging stock market, which is down 32% since hitting a record high last October. With this in mind, we thought it would be timely to chart the Shanghai Composite Index and see what direction it might take.
Stocks were hit by a rush of selling that sent all major indices deeper into the red. One technician warns there's significant downside ahead.
Plus, tech stock analysts think Netflix shares can keep rising.
Currency postioning and technical outlook.
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Kartik Aaryan's Bhool Bhulaiyaa 2 is setting box office on fire. The film is set to cross Rs 150 crore mark today.
As we know the next big launch from Apple now has a date, the prices for previous generation iPhones are going under a cut to slowly move to the next generation.
Projects without definitive timelines are unmonitored projects which are yet to report timelines or status of completion. This also indicates more projects being added in the pipeline and the timelines will be definitive going forward, it said.
The company’s net debt as on June 30, 2017, stood at Rs 53,920 crore, including a large component of debt from the department of telecommunications under the ‘deferred payment obligation’ for spectrum acquired.
Kakkad was 'missing' from June 18, 2013, along with his family, after duping 1400 employees of Sai Infosystem.
De De Pyaar De box office collection Day 3: This Ajay Devgn starrer had begun its journey with Rs 10.41 crore and earned Rs 13.39 crore on Saturday and Rs 14.74 crore on Sunday, taking its total to Rs 38.54 crore.
To monitor the movement of cash through aerial routes, air intelligence units (AIU) have been made operational in Mohali, Bathinda, Ludhiana and Amritsar.
The ACB team laid a trap and arrested the lawyer in the premises of the department of land records, while he was allegedly accepting money from the complainant.
Abhinav Bindra and MC Mary Kom, both beneficiaries of government’s TOP scheme, are also members of selection panel.
Jay Feely, who played for six NFL teams in his 14-year career, posted the picture on Twitter in which the pro athlete stood between his daughter and her prom date while holding the pistol.
According to latest depository data, FPIs have invested Rs 4,022 crore in equities during June 1-16.
Jakhar was in Jalandhar on Friday and said that these plants are owned by the Ambanis and Adanis and Congress will investigate them thoroughly.
Cumulatively, these three players put in bids worth Rs 89,396.92 crore, which is nearly a third of the total value of bids.
“Keeping in view the spread of the novel corona virus in India, ... and decision of the Government of India to treat this as a notified disaster it is hereby clarified that spending of CSR funds for COVID-19 is eligible CSR activity,” said a notification by the Corporate Affairs Ministry.
KARACHI: Pakistan Stock Exchange Wednesday witnessed a positive trend and closed in green zone on the back of fresh...
For the 24-month-old IntelleGrow, this was the second tranche after it got the first one of Rs 10 crore before.
The non-institutional category comprising of high net-worth individuals (HNIs) was subscribed nearly 130 times.
The Centre has sanctioned a special irrigation scheme worth Rs 3,250 crore aimed to meet a new micro-irrigation target of 1,43,500 hectares in the Vidarbha region still coping with reports of farmer suicides
Jarnail Singh, Superintendent, The Market Committee, responded, The working people at Market Committee have nothing to do with the rates the local vendors sell at."
Kaabil box office collection day 15: Hrithik Roshan has earned Rs 126.85 crore in India and has managed to make over Rs 75 crore in profit.
The port would see investment in many areas such as port-road connectivity and port-rail connectivity
KARACHI: Pakistan Stock Exchange on Thursday witnessed mixed trend and after moving in both directions finally ...
KARACHI: Pakistan Stock Exchange Tuesday witnessed a mixed trend and after moving both ways, closed on a positive...
The centres fiscal deficit for 2011-12 came at 5.8% of the GDP,a tad lower than the revised estimate of 5.9%,but the country has little to rejoice as its public debt position is worst among major emerging economies.
Less use of disposables,shorter hospital stay help bring down costs
Devices like iPhone 11, OnePlus 7T Pro, and Samsung Galaxy M51 are available with big discounts during Amazon Fab Phones Fest 2020 sale.
The IGL portal uploads details of donations made by various cities to support a cause through NGOs.
Pooran hits paydirt as well; Chennai & Mumbai target cover for Bravo, Archer & Bumrah.
The proposed change will enable the state governments in these places to designate a commercial court with pecuniary jurisdiction not less than Rs 3 lakh and not more than Rs 1 crore.
According to government data updated till March 2017, a total of 17 under-construction thermal power projects aggregating to a capacity of 18,420 MW were reported as stalled due to financial problems of the developers.
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