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Asian Stocks Rise on Bets of Easing US Inflation; Japan Tumbles
Asian stocks soared today as investors anticipated a possible easing of US inflation rates. However Japan experienced a significant decline in its stock market. The overall optimism in the Asian stock market was driven by the hope that the recent rise in global bond yi…Dollar SlidesArticle_Text: Sterling Hits 15-Month Peak
The US dollar slumped against major currencies on Wednesday as investors awaited the latest US inflation data while the British pound reached a 15-month high against the greenback. The dollar index which measures the currency's value against six major peers fell 0.24% …Oil RisesArticle_Text: Dollar Slides: Brent Nears $80
Oil prices continue to climb as the US dollar weakens in anticipation of the release of US consumer price index (CPI) data. Brent crude oil the international benchmark is inching closer to the $80 per barrel mark supported by the weakening US dollar and the expectation…Texas Defers Decision on EV Charging Funds Amid Industry Pushback
Texas has delayed its decision on providing funding for electric vehicle (EV) charging infrastructure amid pushback from the industry particularly related to Tesla's plugs according to sources. The state had allocated $31.2 million in federal settlement funds to be use…Hollywood Studios and Actors Union Seek Mediator to Avoid Strike
The tension between Hollywood studios and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) has escalated leading both parties to call in a mediator in an attempt to avoid a potentially damaging strike. The negotiations have been o…S&P 500 Surges on Strength in Energy and Industrials
The S&P 500 climbed higher today driven by strong performances in the energy and industrials sectors. Investors eagerly await inflation data which could provide further momentum for the market. The index rose by 0.5% to reach a new record high.Energy stocks led the…Futures Edge Higher as Investors Await Inflation Data
Futures edged higher on Wednesday as investors eagerly awaited the latest inflation data. The U.S. Labor Department is set to release the Consumer Price Index (CPI) report for August which will provide key insights into the current state of inflation in the country. Th…AmazonArticle_Text: WD-40Article_Text: JPMorganArticle_Text: and Zillow Rise Premarket
In premarket trading on Thursday shares of Amazon.com (NASDAQ:AMZN) WD-40 (NASDAQ:WDFC) JPMorgan Chase (NYSE:JPM) and Zillow Group (NASDAQ:Z) all saw gains.Amazon.com's stock was up 0.4% at $3371.70 per share as of 8:32 AM ET (12:32 GMT). The e-commerce giant has been …Fed Officials Talk RatesArticle_Text: Amazon Prime Day - Market Highlights
The Federal Reserve officials had a meeting recently to discuss the ongoing interest rates and the impact on the economy. At the same time Amazon Prime Day arrived bringing in a surge of online shopping and exciting deals. These events have significant implications for…European Stock Futures Rise on Fed Comments
European stock futures are trading higher on Thursday as sentiment is boosted by comments from the Federal Reserve. The Fed indicated that it is not in a hurry to raise interest rates or taper its bond-buying program. This has led to optimism among investors driving up …