In brief Bitcoin’s price fell Thursday following a hotter-than-expected PPI report. Producer prices rose 0.9% in July, the largest monthly increase in over three years. Traders abandoned the prospect of a 50-basis-point rate cut. Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said the government wouldn’t start cutting …
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Kanye West’s Former Malibu Beach House Gets a Price Cut – Mansion Global
Kanye West’s Former Malibu Beach House Gets a Price Cut Mansion Global Source link
Read More »Stocks retreat after hot US inflation data shakes Fed rate cut hopes – Reuters
Stocks retreat after hot US inflation data shakes Fed rate cut hopes Reuters Why hotter-than-expected wholesale prices make the Fed’s September rate cut decision harder Yahoo Finance PPI report shows biggest surge in three years. Here’s what that says about inflation. CBS News Businesses have been eating Trump’s tariffs. That’s starting to change CNN Wholesale prices rose 0.9% in July, much more than expected CNBC …
Read More »How some of the biggest U.S. companies are using AI to cut workers
An Amazon worker on the picket line during a strike over pay at the Amazon.com Inc. fulfilment center in Coventry, U.K., on Feb. 28, 2023. Bloomberg | Bloomberg | Getty Images Artificial intelligence has emerged as a key tool for companies to drive growth — and reduce labor costs —particularly as pressure mounts for businesses to remain competitive. Companies in …
Read More »Asia Stocks Seen Higher as Fed Cut Momentum Builds: Markets Wrap – Bloomberg.com
Asia Stocks Seen Higher as Fed Cut Momentum Builds: Markets Wrap Bloomberg.com Fed rate-cut drumbeat pegs back dollar; Asian stocks take a breather Reuters Asia-Pacific markets trade mixed as investors bet on Fed rate cut CNBC Asian Shares Are Mixed After Days of Gains Driven by Hopes for US Rate Cuts U.S. News & World Report Kyodo News Digest: Aug. 13, 2025 english.kyodonews.net Source link
Read More »Scott Bessent questions whether Powell should cut rates by 50 bps in September
Investors are pricing in a more than 96% chance of the Fed cutting the base rate in September, following a cooler than expected inflation report for July, released yesterday. But this isn’t the only pressure Jerome Powell and the Federal Open Market Committee (FOMC) are under: Analysts and politicians are also getting their orders in for how much of a …
Read More »Why a jumbo Fed rate cut in September would ‘come across as panicky’ – MarketWatch
Why a jumbo Fed rate cut in September would ‘come across as panicky’ MarketWatch Fed cut seen near certain after inflation data, Bessent comments Reuters Bessent Urges Fed to Lower Rates by 150 Basis Points or More Bloomberg.com Is the Fed ready to cut interest rates? Experts weigh in ABC News US treasury secretary Scott Bessent calls for half-point interest rate cut at next …
Read More »S&P 500, Nasdaq hit new closing highs on rate cut hopes – Reuters
S&P 500, Nasdaq hit new closing highs on rate cut hopes ReutersView Full Coverage on Google News Source link
Read More »US appeals court lets Trump cut billions in foreign aid – Reuters
US appeals court lets Trump cut billions in foreign aid Reuters Trump Administration Can Withhold Billions in Foreign Aid, Appeals Court Rules The New York Times Appeals court allows Trump to continue ending foreign aid grants CNN Humanitarian groups cannot challenge Trump’s impoundment of foreign aid grants, appeals court rules Politico US appeals court lifts injunction on Trump effort to slash foreign aid Al Jazeera …
Read More »S&P 500, Nasdaq hover near record highs on September rate cut hopes – Reuters
S&P 500, Nasdaq hover near record highs on September rate cut hopes Reuters Stock market today: Dow pops, S&P 500 and Nasdaq waver as Fed rate cut bets surge Yahoo Finance World stocks hit new peak, US bond prices rise as markets position for Fed rate cut Reuters Wall Street drifts around its records following a worldwide rally AP News Wall Street goes full …
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