Advertisement
Bloomberg
US Inflation Tops Forecasts, Cementing Odds of Big Fed Hike
(Bloomberg) — US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve.Most Read from BloombergThe World’s Hottest Housing Markets Are Facing a Painful ResetUkrainian Successes Raise Russian Collapse to Realm of PossibilityJeff Bezos’s Blue Origin Rocket Suffers Failure Seconds Into Uncrewed LaunchRussian Defenses Crumble as Ukraine Retakes Key TerritoryGoldman to Cut Several Hund
Investor’s Business Daily
CPI Inflation Rate Slides, But Hot Core Prices Are Bad News For The Fed And Dow Jones
The CPI inflation rate continued to pull back from a 40-year peak in August, but less than expected. Core inflation, which strips out food and energy prices, unexpectedly reaccelerated from July’s tamer pace. Following the CPI report, which cinches a big Fed rate hike next week, the Dow Jones industrial average turned sharply lower in early Tuesday stock market action.
Reuters
US STOCKS-Futures point to higher open as focus shifts to inflation data
U.S. stock index futures rose on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve. Focus is on consumer prices data on Tuesday for any signs that price pressures may be easing. Headline inflation is expected to rise at an 8.1% pace over the year in August, compared with 8.5% in July.
Bloomberg
US Inflation Data Will Determine If Stock Rally Continues
(Bloomberg) — The S&P 500 Index is on a roll, posting its best four-day rally since early July partly on the back of hopes that inflation data due Tuesday morning will show some cooling off ahead of next week’s Federal Reserve meeting.Most Read from BloombergThe World’s Hottest Housing Markets Are Facing a Painful ResetJeff Bezos’s Blue Origin Rocket Suffers Failure Seconds Into Uncrewed LaunchUkrainian Successes Raise Russian Collapse to Realm of PossibilityRussian Defenses Crumble as Ukraine
Yahoo Finance
Inflation sets the scene for the Fed: What to know this week
This week’s inflation readings are the last big economic data points that may sway the Federal Reserve’s next policy decision when officials convene later this month to deliver another interest rate hike.
Bloomberg
BofA Survey Shows Investors Fleeing Equities en Masse on Fear of Recession
(Bloomberg) — Investors are fleeing equities en masse amid the specter of a recession, with allocations to stocks at record lows and cash exposure at all-time highs, a Bank of America Corp. survey showed.Most Read from BloombergThe World’s Hottest Housing Markets Are Facing a Painful ResetUkrainian Successes Raise Russian Collapse to Realm of PossibilityJeff Bezos’s Blue Origin Rocket Suffers Failure Seconds Into Uncrewed LaunchRussian Defenses Crumble as Ukraine Retakes Key TerritoryGoldman to
Motley Fool
Here’s Why Nio Stock Is Exploding Today
Nio (NYSE: NIO) stock exploded this morning and was trading nearly 10.3% higher as of 11 a.m. ET Monday. An analyst who closely tracks the Chinese electric vehicle (EV) market just singled out the hot stock as his top EV pick in China and sees Nio shares doubling in value over the next 12 months, backed by two big growth catalysts. Deutsche Bank analyst Edison Yu has two reasons why Nio could outperform and emerge as the leader among EV start-ups, according to The Fly.
Motley Fool
Prediction: 3 Growth Stocks That Could Be Worth $1 Trillion by 2030
In the hit movie The Social Network, which recounts the founding story of Meta Platforms’ (NASDAQ: META) Facebook, a key character tells a young Mark Zuckerberg that his company is headed for a billion-dollar valuation. Let’s take a closer look at three stocks with real potential to be trillion-dollar companies by 2030, delivering strong gains for investors along the way (spoiler alert: Zuckerberg’s Meta Platforms is one of them).
