U.S. inflation accelerated modestly in August, suggesting the Federal Reserve may have some leeway to cut interest rates at its September meeting. Consumer prices rose an annual 2.9% in August, the Labor Department said on Sept. 11, up from a 2.7% annual increase in July. But a reading of “core inflation,” which ignores more volatile categories of spending, stripping out food and energy items, was at 3.1% for the second month in a row. Both readings matched the consensus forecast from economists surveyed ...

Key Points If it obtains regulatory approval for its GLP-1 pill, that would be a huge catalyst ahead. The company already has injectable GLP-1 drugs that are generating billions in revenue, Despite its valuation, the stock only appears expensive when you look at the short term. 10 stocks we like better than Eli Lilly › Eli Lilly (NYSE: LLY) shares have been disappointing to own this year. As of the end of last week, they were down more than 4% since the start of the year. But this has still been a ...

People shop at a supermarket on 18 July 2025 in Rockville, Maryland.Photograph: China News Service/Getty Images Inflation rose slightly in August as companies continued to push the cost of tariffs onto consumers. The newest update to the consumer price index (CPI), which measures a basket of goods and services, showed that prices increased 2.9% over the last year – the highest since January. Core CPI, which excludes energy and food costs, stayed stable at 3.1% after going up in July. Despite this slight u ...

Eightco Holdings Inc. (NASDAQ:OCTO) shares slid after it announced on Thursday that its Nasdaq ticker symbol has officially changed to ORBS. The company said this rebranding does not affect shareholder rights and requires no action from investors. The change follows a $270 million private placement to support Worldcoin’s treasury strategy. Among the investors were World Foundation, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, and BitMine Immersion Technologies (NYSEAMERICAN: BMNR), which contributed $20 ...

Chris Kleponis / CNP / Bloomberg via Getty Images Oracle co-founder Larry Ellison briefly became the world's richest person ahead of Elon Musk on Wednesday, according to Bloomberg KEY TAKEAWAYS Oracle shares advanced in premarket trading Thursday, a day after soaring 36% in their best session since 1992. The surge in Oracle stock yesterday briefly lifted the net worth of chair and co-founder Larry Ellison above that of Elon Musk to become the world's richest person, according to Bloomberg. Several an ...

Oracle office in Santa Monica, CaliforniaRichard Vogel/AP Oracle's stock surged 36% after reporting record future revenue obligations. Jefferies sees more upside, lifting its stock price target to $360 on cloud and AI growth. Analysts point to Oracle's AI-fueled cloud expansion as a catalyst for more upside. Oracle posted blockbuster gains on Wednesday, and the rally may not be over, according to equity analysts at Jefferies. The surge in Oracle's stock price came after the software giant shocked ...

US stocks rose on Thursday as the latest reading on inflation showed consumer prices ticked up in August, helping set expectations for the pace of interest rate cuts this year. Meanwhile, more data showed fresh signs of weakness in the labor market. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) rose over 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) all gained around 0.4%, on the heels of a muted but record-setting session on Wednesday. Thursday's Consumer Price Index (CPI) repor ...

US stock futures nudged higher on Thursday as the latest reading on consumer inflation showed consumer prices ticked up in August, helping set expectations for the pace of interest rate cuts this year. Futures on the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all gained around 0.2%, on the heels of a muted but record-setting session on Wednesday. Thursday's Consumer Price Index (CPI) report for August exhibited some signs that President Trump's tariffs ...

European Central Bank President Christine Lagarde - daniel Roland/Agence France-Presse/Getty Images The European Central Bank is staying on hold as it waits for more clarity on how the Trump administration’s tariffs will affect growth and inflation. The central bank left its key deposit rate at 2% on Thursday for the second consecutive meeting. It brought rates down eight times starting in June 2024, an aggressive easing campaign that contrasts with the Federal Reserve. The Fed’s reluctance to cut rates ...

Inflation edged higher in August, government data showed Thursday, as investors looked for signs of how much President Trump's tariffs are filtering into consumer prices and what that means for how aggressively the Federal Reserve will cut interest rates. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.9% annually in August, a rise from July's 2.7% increase and on par with economist expectations. Month over month, prices rose 0.4%, an uptick from ...