Core Wholesale Prices Rise in August; Fed Rate Cut Still Expected
The Labor Department’s August Producer Price Index shows a 0.2% increase in wholesale prices, meeting expectations, but core wholesale prices rose 0.3%, reversing a previous decrease.
The Labor Department’s August Producer Price Index shows a 0.2% increase in wholesale prices, meeting expectations, but core wholesale prices rose 0.3%, reversing a previous decrease.
Next month, Spotify subscribers can expect an increase in membership fees as the audio streaming service is planning to boost its rates for the second time in less than a year.
If a judge accepts the company’s bankruptcy plan, certain customers of the defunct cryptocurrency exchange FTX may be entitled to receive the full amount of money they lost.
Gold prices extended to another record high on Monday, with expected U.S. interest rate cuts.
President Biden claims America is safer than it was before he took office.
New data from Redfin has revealed that more than 16% of home-purchase agreements were canceled in September 2022. This is the highest number since October 2022.
In response to pressure on Argentina’s financial markets following a primary election, the Argentinian government decreased the value of its currency by nearly 18%.