U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
Sectors
Bill Ackman's Firm Pershing Square Postpones Public Listing
Billionaire investor Bill Ackman’s firm Pershing Square announced that it was postponing its initial public offering, saying that there was an ‘enormous sensitivity’ to the size of the transaction.
Payments Giant Stripe Acquires Lemon Squeezy for Undisclosed Amount
The payments company Lemon Squeezy announced that it has been acquired by competitor and industry giant Stripe for an undisclosed amount.
American Airlines Offers $4.2 Billion in Pay Increase for Flight Attendants to Avoid Strike
American Airlines agreed to allot $4.2 billion worth in pay and benefits to its flight attendants after agreeing on a tentative deal.
Recent US Inflation Report Boosts Tech Stocks, With Semiconductor Shares Rebounding
Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.
Latest News
Hundreds of newspaper journalists of Australian commercial media outlet Nine began its nationwide five-day strike to oppose a pay offer from company management while the media firm is set to broadcast the Paris Olympics.
SpaceX said that it identified and fixed the problem that caused a failure in its Falcon 9 rocket in a launch earlier this month after announcing it has filed a mishap report to the FAA.
Manhattan-based diamond dealer Manashe Sezanayev has been charged for alleged fraudulent practices against fellow jewelry merchants.
Maersk Line agreed to a settlement offered by the US Labor Department in relation to an alleged retaliatory termination of a container ship seaman who revealed questionable practices and potential safety concerns onboard the company’s vessels.
Invictus Partners, an Australian-born, fast-growing global enterprise software advisory firm, is helping blue chip companies, businesses, and government agencies across all continents stand up to what they term the 'software mafia' (global software giants and their network of systems integrators and resellers).
Imagine spending $1,000 on a pair of rare, valuable, collectible sneakers. It's thrilling, but then the nagging doubt sets in. Are they authentic? A knockoff? Who's to know? This is the exact dilemma faced by collectors all over the world. Innovator Validir is first to market with a powerful solution to give collectors, designers, manufacturers, and everyday consumers the confidence that the assets they are buying or selling will retain their value.
'Inside Out 2' Hits $1.46 Billion, Beating 'Frozen II' to Become Highest-Grossing Animated Film Ever
Despite not being available worldwide yet, Disney and Pixar's 'Inside Out 2' has already become the highest-grossing animated movie ever, surpassing 'Frozen II' with $1.46 billion in global ticket sales.
Nestle has lowered its sales forecast for the year to 3% growth, down from 4%, as consumers reject price hikes on its products, leading to a 5% drop in its shares.
AstraZeneca has raised its full-year sales and profit forecast due to strong demand for its drugs for cancer, rare diseases, and heart disease.
