Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed the pace of inflation, the Bureau of Labor Statistics reported Thursday. The producer price index, which gauges the prices received for final demand products, fell 0.5% from June, the first month-over-month decrease since April 2020, the
In this article RIVN RIVN Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street
EUR/GBP is sensing selling interest around 0.8470 despite the lower consensus for UK economic data. UK households are making higher payouts as subdued earnings are unable to offset soaring inflation. The second-tier Eurozone data is expected to display a vulnerable performance. The EUR/GBP pair is facing barricades around the immediate hurdle of 0.8465 continuously since
According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited from using Oasis.app to manage positions or withdraw funds. Instead, such
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Gold in the national capital on Thursday declined Rs 347 to Rs 52,709 per 10 grams amid decline in international yellow metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 53,056 per 10 grams. Silver also fell sharply by Rs 455 to Rs 59,103 per kg from
The EURUSD rallied strongly after the tamer CPI data, and ran up to a key resistance swing area between 1.03395 and 1.03657. The high price reached 1.0367 and backed off. The move to the downside has now moved down to retest a key break level from this morning. That break was the high price from
Headlines: Markets: NZD leads, GBP lags on the day European equities mixed; S&P 500 futures up 0.4% US 10-year yields down 2 bps to 2.76% Gold up 0.1% to $1,794.63 WTI crude up 0.7% to $92.55 Bitcoin up 3.0% to $24,623 It was another quiet session in terms of headlines but there were some decent
After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc and Yen are also strong on falling major benchmark yields. Euro and Sterling are on
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, prices were flat as energy prices broadly declined 4.6% and gasoline fell 7.7%. That offset a 1.1%
In this article WRBY A general view of the atmosphere at Warby Parker’s store in The Standard, Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker on Thursday joined the slew of retailers that have cut their financial forecasts for the year, even as it reported a narrower-than-expected loss in its fiscal second
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the publication of the Malaysian jobs report. Key Takeaways “Malaysia’s labour market continues its steady march towards full recovery with the number of employed persons and unemployment rate improving further. Total number of employed persons rose for the 11th month by 36.3k
NEW DELHI: Gold prices struggled on Wednesday thanks to a stronger dollar which dented bullion’s appeal ahead of much-awaited inflation data scheduled later in the day. The Fed hiked rates by 75 basis points each in June and July to rein in soaring inflation. Although gold is seen as a hedge against inflation, higher US
The NASDAQ index traded above the Monday high of 12855.15. The high price just reached 12860.30 but has backed off to 12847 currently. The index is still up 353.63 points or 2.83% on the day. The next target area on further upside momentum comes in at 13086 to 13199. The 50% of the move down
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Dollar falls broadly in early US session after data shows headline CPI slowed more than expected, which core inflation held steady. Yen is gaining most against the greenback for now, with extra help from falling treasury yields. But it’s unsure for now long Yen’s rally against others could last. Also, it’s hard to say which